Economic Growth in Selected Economies and Automotive Industries through the Prism of Schumpeterian Business Cycle Theory
Under the current economic situation, the major economies of the world are experiencing a significant downturn. Simultaneously, the automotive industries of certain prominent economies are experiencing comparable downturns. This study seeks to examine the commonalities between these downturns through the prism of Schumpeterian Business Cycle theory. The study looks to macroeconomic indicators from