WorldCat Identities

Aghion, Philippe

Overview
Works: 193 works in 584 publications in 7 languages and 7,074 library holdings
Roles: Redactor, Editor, Creator, Author of dialog, Adapter
Classifications: hd45, 338.9
Publication Timeline
Key
Publications about Philippe Aghion Publications about Philippe Aghion
Publications by Philippe Aghion Publications by Philippe Aghion
Most widely held works by Philippe Aghion
by ( Book )
17 editions published between and 2004 in 3 languages and held by 1,567 libraries worldwide
by ( Book )
16 editions published between and 2004 in English and held by 535 libraries worldwide
These Raffaele Mattioli Lectures have brought together two of the world's leading economists, Professors Philippe Aghion (a theorist) and Jeffrey Williamson (an economic historian), to question the conventional wisdom on inequality and growth, and address its inability to explain recent economic experience. Professor Aghion assesses the affects of inequality on growth, and asks whether inequality matters: if so why is excessive inequality bad for growth, and is it possible to reconcile aggregate findings with macroeconomic theories of incentives? In the second part Jeffrey Williamson discusses the Kuznets hypothesis, and focuses on the causes of the rise of wage and income inequality in developed economies.
by ( Book )
12 editions published between and 2008 in English and held by 408 libraries worldwide
by ( Book )
7 editions published in in English and held by 347 libraries worldwide
"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. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics.
by ( Book )
10 editions published in in English and held by 275 libraries worldwide
Aghion and Banerjee build a model of an aggregate economy that takes the interactions between volatility and growth seriously, while still being open to the possibility of market failures.
by ( Book )
12 editions published between and 1994 in English and held by 99 libraries worldwide
by ( Book )
11 editions published in in English and No Linguistic content and held by 83 libraries worldwide
Political institutions influence economic policy, but they are themselves endogenous since they are chosen, in some way, by members of the polity. An important aspect of institutional design is how much society chooses to delegate unchecked power to its leaders. If, once elected, a leader cannot be restrained, society runs the risk of a tyranny of the majority, if not the tyranny of a dictator. If a leader faces too many ex post checks and balances, legislative action is too often blocked. As our critical constitutional choice we focus upon the size of the minority needed to block legislation, or conversely the size of the (super)majority needed to govern. We analyze both 'optimal' constitutional design and 'positive' aspects of this process. We derive several empirical implications which we then discuss.
by ( Book )
12 editions published in in English and No Linguistic content and held by 81 libraries worldwide
We analyze an economy where managers engage both in the adoption of technologies from the world frontier and in innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy approaches the technology frontier, selection becomes more important. As a result, countries at early stages of development pursue an investment-based strategy, with long-term relationships, high average size and age of firms, large average investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with short-term relationships, younger firms, less investment and better selection of managers. We show that relatively backward economies may switch out of the investment-based strategy too soon, so certain economic institutions and policies, such as limits on product market competition or investment subsidies, that encourage the investment-based strategy may be beneficial. However, societies that cannot switch out of the investment based strategy fail to converge to the world technology frontier. Non-convergence traps are more likely when policies and institutions are endogenized, enabling beneficiaries of existing policies to bribe politicians to maintain these policies. Keywords: appropriate institutions, convergence, economic growth, innovation, imitation, political economy of growth, selection, technical change, traps. JEL Classifications: O31, O33, O38, O40, L16.
by ( Book )
11 editions published in in English and No Linguistic content and held by 77 libraries worldwide
by ( Book )
7 editions published in in English and held by 73 libraries worldwide
by ( Book )
1 edition published in in French and held by 68 libraries worldwide
by ( Book )
5 editions published in in English and No Linguistic content and held by 68 libraries worldwide
"This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with a tradeable good produced with capital and a country-specific factor. We also assume that firms face credit constraints, with the constraint being tighter at a lower level of financial development. A basic implication of this model is that economies at an intermediate level of financial development are more unstable than either very developed or very underdeveloped economies. This is true both in the sense that temporary shocks have large and persistent effects and also in the sense that these economies can exhibit cycles. Thus, countries that are going through a phase of financial development may become more unstable in the short run. Similarly, full capital account liberalization may destabilize the economy in economies at an intermediate level of financial development: phases of growth with capital inflows are followed by collapse with capital outflows. On the other hand, foreign direct investment does not destabilize"--National Bureau of Economic Research web site.
by ( Book )
11 editions published in in English and held by 57 libraries worldwide
by ( Book )
1 edition published in in French and held by 8 libraries worldwide
 
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Audience level: 0.75 (from 0.64 for Endogenous ... to 0.90 for The unequa ...)
Endogenous growth theory
Alternative Names
Aghion, P. 1956-
Aghion, Ph. 1956-
Aghion, Phillipe
Aghion, Phillipe, 1956-
Aghion, Phillippe 1956-
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