WorldCat Identities

Howitt, Peter 1946-

Works: 114 works in 365 publications in 3 languages and 5,371 library holdings
Genres: Conference papers and proceedings  History 
Roles: Author, fmd, Editor, Director, Other, Redactor
Publication Timeline
Most widely held works about Peter Howitt
Most widely held works by Peter Howitt
Endogenous growth theory by Philippe Aghion( )

29 editions published between 1997 and 2000 in English and French and held by 1,856 WorldCat member libraries worldwide

"Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical references (p. [665]-687) and index
The Implications of knowledge-based growth for micro-economic policies( )

2 editions published in 1996 in English and held by 652 WorldCat member libraries worldwide

The economics of growth by Philippe Aghion( Book )

20 editions published between 2008 and 2010 in English and held by 555 WorldCat member libraries worldwide

"This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies, and the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies--analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy--and the methodology of growth policy design."--PUBLISHER'S DESCRIPTION
The Keynesian recovery and other essays by Peter Howitt( Book )

20 editions published in 1990 in English and held by 383 WorldCat member libraries worldwide

Money, markets, and method : essays in honour of Robert W. Clower( Book )

8 editions published in 1999 in English and held by 184 WorldCat member libraries worldwide

Robert W. Clower has had a profound effect on the theory and practice of economics. The distinguished group of contributors to this book celebrates his seminal contribution to economic methodology and theory by providing key accounts of important themes in the area of money, markets and method
Monetary policy in transition : a study of Bank of Canada policy, 1982-85 by Peter Howitt( Book )

6 editions published between 1986 and 1987 in English and held by 114 WorldCat member libraries worldwide

L' économie de la croissance by Philippe Aghion( Book )

2 editions published in 2010 in French and held by 110 WorldCat member libraries worldwide

Innovation, competition and growth : a schumpeterian perspective on Canada's economy by Peter Howitt( )

4 editions published in 2007 in English and held by 90 WorldCat member libraries worldwide

To sustain growth, Canada must engage in a never-ending process of economic development and transformation. To do so, new growth theory indicates that Canada should ensure that competition policy boosts innovation, beware of further extending patent protection, and welcome international trade and technological change
The effect of financial development on convergence : theory and evidence by Philippe Aghion( )

10 editions published in 2004 in English and held by 88 WorldCat member libraries worldwide

We introduce imperfect creditor protection in a multi-country version of Schumpeterian growth theory with technology transfer. The theory predicts that the growth rate of any country with more than some critical level of financial development will converge to the growth rate of the world technology frontier, and that all other countries will have a strictly lower long-run growth rate. The theory also predicts that in a country that converges to the frontier growth rate, financial development has a positive but eventually vanishing effect on steady-state per-capita GDP relative to the frontier. We present cross-country evidence supporting these two implications. In particular, we find a significant and sizeable effect of an interaction term between initial per-capita GDP (relative to the United States) and a financial intermediation measure in an otherwise standard growth regression, implying that the likelihood of converging to the U.S. growth rate increases with financial development. We also find that, as predicted by the theory, the direct effect of financial intermediation in this regression is not significantly different from zero. These findings are robust to alternative conditioning sets, estimation procedures and measures of financial development
From curiosity to wealth creation : how university research can boost economic growth by Peter Howitt( )

5 editions published in 2013 in English and held by 87 WorldCat member libraries worldwide

"Research and development are at the forefront of the Canadian public policy agenda. Governments should improve the incentives for universities and their researchers to pursue research lines that can eventually be commercialized."--Cover
<> by Peter Howitt( )

8 editions published between 1996 and 2009 in French and English and held by 84 WorldCat member libraries worldwide

R & D, implementation and stagnation : a Schumpeterian theory of convergence clubs by Peter Howitt( Book )

10 editions published in 2002 in English and held by 81 WorldCat member libraries worldwide

We construct a Schumpeterian growth theory consistent with the divergence in per-capita income that has occurred between countries since the mid 19th Century, and with the convergence that occurred between the richest countries during the second half of the 20th Century. The theory assumes that technological change underwent a transformation late in the 19th Century, associated with modern R & D labs. Countries sort themselves into three groups. Those in the highest group converge to a steady state where they do leading edge R & D, while those in the intermediate group converge to a steady state where they implement technologies developed elsewhere. Countries in both of these groups grow at the same rate in the long run, as a result of technology transfer, but inequality between them increases during the transition. Countries in the lowest group grow at a slower rate, with relative incomes that fall asymptotically to zero. Once modern R & D has been introduced, a country may have only a finite window of opportunity in which to introduce the institutions that support it
A model of growth through creative destruction by Philippe Aghion( )

14 editions published between 1989 and 1990 in English and held by 76 WorldCat member libraries worldwide

This paper develops a model based on Schumpeter's process of creative destruction. It departs from existing models of endogenous growth in emphasizing obsolescence of old technologies induced by the accumulation of knowledge and the resulting process or industrial innovations. This has both positive and normative implications for growth. In positive terms, the prospect of a high level of research in the future can deter research today by threatening the fruits of that research with rapid obsolescence. In normative terms, obsolescence creates a negative externality from innovations, and hence a tendency for laissez-faire economies to generate too many innovations, i.e too much growth. This "business-stealing" effect is partly compensated by the fact that innovations tend to be too small under laissez-faire. The model possesses a unique balanced growth equilibrium in which the log of GNP follows a random walk with drift. The size of the drift is the average growth rate of the economy and it is endogenous to the model ; in particular it depends on the size and likelihood of innovations resulting from research and also on the degree of market power available to an innovator
The relationship between health and growth : when Lucas meets Nelson-Phelps by Philippe Aghion( )

10 editions published between 2009 and 2011 in English and held by 69 WorldCat member libraries worldwide

This paper revisits the relationship between health and growth in light of modern endogenous growth theory. We propose a unified framework that encompasses the growth effects of both the rate of improvement of health and the level of health. Based on cross-country regressions over the period 1960-2000, where we instrument for both variables, we find that a higher initial level and a higher rate of improvement in life expectancy both have a significantly positive impact on per capita GDP growth. Then, restricting attention to OECD countries, we find supportive evidence that only the reduction in mortality below age forty generates productivity gains, which in turn may explain why the positive correlation between health and growth in cross-OECD country regressions appears to have weakened since 1960
Adaptive consumption behavior by Peter Howitt( )

8 editions published between 2009 and 2010 in English and held by 65 WorldCat member libraries worldwide

This paper proposes and studies a theory of adaptive consumption behavior under income uncertainty and liquidity constraints. We assume that consumption is governed by a linear function of wealth, whose coefficients are revised each period by a procedure, which, although sophisticated, places few informational or computational demands on the consumer. We show that under a variety of settings, our procedure converges quickly to a set of coefficients with low welfare cost relative to a fully optimal nonlinear consumption function
How inflation affects macroeconomic performance : an agent-based computational investigation by Quamrul Ashraf( )

11 editions published between 2012 and 2013 in English and held by 61 WorldCat member libraries worldwide

We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate of inflation above 3 percent has a substantial deleterious effect, but lowering it below 3 percent has no significant macroeconomic consequences. Our finding remains qualitatively robust to changes in parameter values and to modifications to our model that partly address the Lucas critique. Finally, we contribute a novel explanation for why cross-country regressions may fail to detect a significant negative effect of trend inflation on output even when such an effect exists in reality
Banks, market organization, and macroeconomic performance : an agent-based computational analysis by Quamrul Ashraf( )

6 editions published in 2011 in English and held by 60 WorldCat member libraries worldwide

This paper is an exploratory analysis of the role that banks play in supporting the mechanism of exchange. It considers a model economy in which exchange activities are facilitated and coordinated by a self-organizing network of entrepreneurial trading firms. Collectively, these firms play the part of the Walrasian auctioneer, matching buyers with sellers and helping the economy to approximate equilibrium prices that no individual is able to calculate. Banks affect macroeconomic performance in this economy because their lending activities facilitate entry of trading firms and also influence their exit decisions. Both entry and exit have conflicting effects on performance, and we resort to computational analysis to understand how they are resolved. Our analysis sheds new light on the conflict between micro-prudential bank regulation and macroeconomic stability. Specifically, it draws an important distinction between "normal" performance of the economy and "worst-case" scenarios, and shows that micro prudence conflicts with macro stability only in bad times. The analysis also shows that banks provide a "financial stabilizer" that in some respects can more than counteract the more familiar financial accelerator
Patent rights, product market reforms, and innovation by Philippe Aghion( )

5 editions published in 2013 in English and held by 53 WorldCat member libraries worldwide

Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding positively to the product market reform in industries of countries where patent rights are strong, not where these are weak. The positive response to the reform is more pronounced in industries in which innovators rely more on patenting than in other industries, and in which the scope for deterring entry through patenting is not too large. Our empirical findings are in line with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly, that patent protection can complement competition in inducing innovation
What do we learn from Schumpeterian growth theory? by Philippe Aghion( )

5 editions published in 2013 in English and held by 52 WorldCat member libraries worldwide

Schumpeterian growth theory has "operationalized" Schumpeter's notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process which could not be properly addressed by alternative theories. In this survey, we focus on four important aspects, namely: (i) the role of competition and market structure; (ii) firm dynamics; (iii) the relationship between growth and development with the notion of appropriate growth institutions; (iv) the emergence and impact of long-term technological waves. In each case Schumpeterian growth theory delivers predictions that distinguish it from other growth models and which can be tested using micro data
Wachstumsökonomie by Philippe Aghion( Book )

2 editions published in 2015 in German and held by 49 WorldCat member libraries worldwide

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Endogenous growth theory
The Implications of knowledge-based growth for micro-economic policiesThe economics of growthMoney, markets, and method : essays in honour of Robert W. Clower
Alternative Names
Howitt, P. W

Howitt, Peter

Howitt, Peter Wilkinson

Peter Howitt Canadees econoom

Peter Howitt economista canadiense

Peter Howitt économiste canadien

Peter W. Howitt kanadischer Wirtschaftswissenschaftler

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English (173)

French (11)

German (2)