Most widely held works by Philippe Aghion
Endogenous growth theory by Philippe Aghion ( Book )
17 editions published between 1998 and 2004 in 3 languages and held by 1,567 libraries worldwide
Growth, inequality, and globalization : theory, history, and policy by Philippe Aghion ( Book )
16 editions published between 1998 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.
Competition and growth : reconciling theory and evidence by Philippe Aghion ( Book )
12 editions published between 2005 and 2008 in English and held by 408 libraries worldwide
The economics of growth by Philippe Aghion ( Book )
7 editions published in 2009 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.
Handbook of economic growth ( Book )
18 editions published between 2005 and 2008 in English and held by 333 libraries worldwide
The Transition to a market economy ( Book )
6 editions published in 1991 in English and held by 318 libraries worldwide
Knowledge, information, and expectations in modern macroeconomics : in honor of Edmund S. Phelps ( Book )
8 editions published between 2002 and 2003 in English and held by 300 libraries worldwide
Addressing the most important current debates in macroeconomic theory, this book focuses on the rates at which new technologies arise and information about markets is dispersed, information imperfections, and the heterogeneity of beliefs as determinants of an economy's performance. The contributions, which represent a breadth of contemporary theoretical approaches, cover topics including the real effects of monetary disturbances, difficulties in expectations formation, structural factors in unemployment, and sources of technical progress. This book provides the most comprehensive and authoritative account in years of the present state of macroeconomics while also pointing to its future.
Volatility and growth by Philippe Aghion ( Book )
10 editions published in 2005 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.
On the speed of transition in Central Europe by Philippe Aghion ( Book )
12 editions published between 1993 and 1994 in English and held by 99 libraries worldwide
Endogenous political institutions by Philippe Aghion ( Book )
11 editions published in 2002 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.
Distance to frontier, selection, and economic growth by Daron Acemoglu ( Book )
12 editions published in 2002 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.
Vertical integration and distance to frontier by Daron Acemoglu ( Book )
11 editions published in 2002 in English and No Linguistic content and held by 77 libraries worldwide
Uncovering some causal relationships between productivity growth and the structure of economic fluctuations : a tentative survey by Philippe Aghion ( Book )
7 editions published in 1993 in English and held by 73 libraries worldwide
Competition and innovation : an inverted U relationship ( Book )
7 editions published between 2002 and 2004 in English and held by 69 libraries worldwide
Politique économique et croissance en Europe by France ( Book )
1 edition published in 2006 in French and held by 68 libraries worldwide
Financial development and the instability of open economies by Philippe Aghion ( Book )
5 editions published in 2004 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.
The effects of entry on incumbent innovation and productivity ( Book )
7 editions published between 2005 and 2006 in English and No Linguistic content and held by 60 libraries worldwide
How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that there is heterogeneity across industries--incumbents in technologically advanced industries react positively to foreign firm entry, but not in laggard industries. To explain this pattern, we introduce entry into a Schumpeterian growth model with multiple sectors which differ by their distance to the technological frontier. We show that technologically advanced entry threat spurs innovation incentives in sectors close to the technological frontier--successful innovation allows incumbents to prevent entry. In laggard sectors it discourages innovation--increased entry threat reduces incumbents' expected rents from innovating. We find that the empirical patterns hold using rich micro-level productivity growth and patent panel data for the UK, and controlling for the endogeneity of entry by exploiting the large number of policy reforms undertaken during the Thatcher era.
The unequal effects of liberalization evidence from dismantling the license raj in India ( Book )
10 editions published between 2006 and 2007 in English and held by 58 libraries worldwide
We study the effects of the progressive elimination of the system of industrial regulations on entry and production, known as the "license raj," on registered manufacturing output, employment, entry and investment across Indian states with different labor market regulations. The effects are found to be unequal depending on the institutional environment in which industries are embedded. In particular, following delicensing, industries located in states with pro-employer labor market institutions grew more quickly than those in pro-worker environments.
The economics of bankruptcy reform by Philippe Aghion ( Book )
11 editions published in 1992 in English and held by 57 libraries worldwide
L' économie de la croissance by Philippe Aghion ( Book )
1 edition published in 2010 in French and held by 8 libraries worldwide
Apportionment (Election law) Business cycles Capital investments Capitalism Capital movements--Econometric models Commerce Competition--Government policy Competition--Mathematical models Conference proceedings Convergence--Econometric models Corporations--Finance--Econometric models Credit Economic development Economic development--Econometric models Economic development--Mathematical models Economic history Economic policy Economists Endogenous growth (Economics) Endogenous growth (Economics)--Mathematical models Europe, Central Europe, Eastern Executive power Financial crises Free enterprise Free trade Great Britain History Income distribution Industrial management Industrial productivity Institutions (Philosophy) Macroeconomics Majorities Minorities--Political activity Mixed economy Phelps, Edmund S Privatization--Econometric models Research--Economic aspects Risk management Separation of powers Statistics Stocks--Econometric models Sustainable development Technological innovations Technological innovations--Econometric models Technological innovations--Economic aspects Technological innovations--Economic aspects--Mathematical models Unemployment--Econometric models United States
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Aghion, Ph. 1956-
Aghion, Phillipe, 1956-
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