WorldCat Identities

Aghion, Philippe

Works: 273 works in 1,317 publications in 2 languages and 11,125 library holdings
Genres: Conference papers and proceedings  Handbooks and manuals 
Roles: Author, Editor, Author of introduction, Redactor, Secretary, Other, Opponent, Adapter, Author of dialog
Publication Timeline
Most widely held works by Philippe Aghion
Endogenous growth theory by Philippe Aghion( Book )

26 editions published between 1998 and 2000 in English and French and held by 751 WorldCat member libraries worldwide

To understand the contradictory effects of technological change on the economy, one must delve into structural details of the innovation process to analyze how laws, institutions, customs and regulations affect people's incentive and ability to create new knowledge and profit from it. To show how this can be done, the authors make use of Schumpeter's concept of creative destruction, the competitive process whereby entrepreneurs constantly seek new ideas that will render their rivals' ideas obsolete
Growth, inequality, and globalization : theory, history, and policy by Philippe Aghion( Book )

32 editions published between 1998 and 2004 in English and held by 658 WorldCat member 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 )

21 editions published between 2005 and 2008 in English and held by 494 WorldCat member libraries worldwide

"In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth." "The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy."--Jacket
The economics of growth by Philippe Aghion( Book )

22 editions published between 2008 and 2010 in English and held by 436 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
Handbook of economic growth by Philippe Aghion( Book )

32 editions published between 2005 and 2014 in English and held by 378 WorldCat member libraries worldwide

"The Handbook of Economic Growth provides a broad review of the research topics, empirical findings, and methods that comprise modern growth economics. The chapters, written by research leaders, summarize and evaluate recent advances while explaining where further research might be profitable. With analyses that are provocative and controversial because they are so directly relevant to public policy and private decision-making, volume 2A and 2B upholds the standard for excellence in applied economics set by Volumes 1A and 1B (2005). It offers definitive theoretical and empirical scholarship about growth economics. It presents as a guiding principle the search for a theoretical framework consistent with the theories and data that describe growth economics. It familiarizes readers with common empirical methods and empirical results"--provided by publisher
Knowledge, information, and expectations in modern macroeconomics : in honor of Edmund S. Phelps( Book )

11 editions published in 2003 in English and held by 348 WorldCat member 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 )

30 editions published in 2005 in English and held by 332 WorldCat member libraries worldwide

"It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been investigated separately in the economics literature. Using both, simple theoretical models and empirical analysis, the authors show that by looking at the economy through the lens of private entrepreneurs, who invest under credit constraints, one can go a long way towards explaining persistent macroeconomic volatility and the effects of volatility on growth. At the same time, they propose a new approach to analyze the impact of macroeconomic policies on long run growth and the design of stabilisation programs."--Jacket
The Transition to a market economy by Centre for Co-operation with European Economies in Transition( Book )

7 editions published in 1991 in English and held by 300 WorldCat member libraries worldwide

V.1. The broad issues = Les grands problémes -- v.2. Special issues = Aspects p articuliers
Changer de modèle by Philippe Aghion( Book )

7 editions published between 2014 and 2015 in French and held by 116 WorldCat member libraries worldwide

Les auteurs proposent un modèle économique alternatif de type inclusif, axé sur l'innovation verte, l'intégration des générations à venir et le rééquilibrage des finances publiques. Un tel système permettrait d'améliorer les mobilités sociales
The impact of incomplete contracts on economics by Philippe Aghion( Book )

13 editions published in 2016 in English and held by 109 WorldCat member libraries worldwide

"The 1986 article by Grossman and Hart "A Theory of Vertical and Lateral Integration" has provided a framework for understanding how firm boundaries are defined and how they affect economic performance. The property rights approach has provided a formal way to introduce incomplete contracting ideas into economic modeling. The Impact of Incomplete Contracts on Economics collects papers and opinion pieces on the impact that this property right approach to the firm has had on the economics profession. It shows that the impact has been felt sometimes in significant ways in a variety of fields, ranging from the theory of the firm and their internal organization to industrial organization, international trade, finance, management, public economy, and political economy and political science. Beyond acknowledging how the property rights approach has permeated economics as a whole, the contributions in the book also highlight the road ahead ...-how the paradigm may change the way research is performed in some of the fields, and what type of research is still missing. The book concludes with a discussion of the foundations of the property rights, and more generally the incomplete contracting, approaches and with a series of contributions showing how behavioral considerations may provide a new way forward"
L' économie de la croissance by Philippe Aghion( Book )

2 editions published in 2010 in French and held by 109 WorldCat member libraries worldwide

Handbook of economic growth by Philippe Aghion( Book )

40 editions published between 2005 and 2014 in English and held by 105 WorldCat member libraries worldwide

Featuring survey articles by leading economists working on growth theory, this two-volume set covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. It also covers technology, trade and geography, and growth and socio-economic development
Repenser l'État : pour une social-démocratie de l'innovation by Philippe Aghion( Book )

5 editions published in 2011 in French and held by 97 WorldCat member libraries worldwide

État investisseur, État régulateur qui assure contre les nouveaux risques tout en respectant les normes budgétaires, État garant du contrat social, État Impartial : telles sont les lignes de force du nouveau pacte social-démocrate que ce livre propose. [Introd. p. 7]
On the speed of transition in Central Europe by Philippe Aghion( Book )

20 editions published between 1993 and 2005 in English and held by 97 WorldCat member libraries worldwide

Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market forces. A new private sector quickly emerged and has taken hold. Unemployment, which did not exist, is high and still increasing. Will this process of transition accelerate, or slow down? Will unemployment keep increasing? Can things go wrong and how? Our paper represents a first pass at answering those questions. The basic structure of the model we develop is standard, that of the transition from a low to a high productivity sector. But we pay attention to two aspects which strike us as important. The first is the interactions between unemployment and the decisions of both state and private firms. The second are the idiosyncracies which come from the central planning legacy, from the structure of control within state firms to the lack of many market institutions, which limits private sector growth. We start with a description of transition in Poland so far. We then develop a model and use it to think about the determinants of the speed of transition and the level of unemployment. Finally, we return to the role of policy and the future in Poland, as well as the causes of cross-Central European country variations
Endogenous political institutions by Philippe Aghion( Book )

22 editions published in 2002 in English and held by 82 WorldCat member libraries worldwide

Abstract: 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 )

20 editions published in 2002 in English and held by 79 WorldCat member 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
The economics of bankruptcy reform by Philippe Aghion( Book )

24 editions published in 1992 in English and held by 76 WorldCat member libraries worldwide

We propose a new bankruptcy procedure. Initially, a firm's debts are cancelled, and cash and non-cash bids are solicited for the 'new" (all-equity) firm. Former claimants are given shares, or options to buy shares, in the new firm on the basis of absolute priority. Options are exercised once the bids are in. Finally, a shareholder vote is taken to select one of the bids. In essence, our procedure is a variant on the U.S. Chapter 7, in which non-cash bids are possible; this allows for reorganization. We believe our scheme is superior to Chapter 11 since it is simpler, quicker, market-based, avoids conflicts, and places appropriate discipline on management
Vertical integration and distance to frontier by Daron Acemoglu( Book )

19 editions published in 2002 in English and held by 74 WorldCat member libraries worldwide

We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and discourages innovation. Outsourcing of some production activities mitigates the managerial overload, but creates a holdup problem, causing some of the rents of the owners to be dissipated to the supplier. Far from the technology frontier, imitation activities are more important, and vertical integration is preferred. Closer to the frontier, the value of innovation increases, encouraging outsourcing
Uncovering some causal relationships between productivity growth and the structure of economic fluctuations : a tentative survey by Philippe Aghion( Book )

16 editions published between 1993 and 1994 in English and held by 61 WorldCat member libraries worldwide

This paper discusses recent theoretical and empirical work on the interactions between growth and business cycles. One may distinguish two very different types of approaches to the problem of the influence of macroeconomic fluctuations on long-run growth. In the first type of approach, which relies on learning by doing mechanisms or aggregate demand externalities, productivity growth and direct production activities are complements. An expansion therefore has a positive long-run effect on total factor productivity. In the second type of approach, hereafter labeled 'opportunity cost or 'learning-by-doing', productivity growth and production activities are substitutes. The opportunity cost of some productivity improving activities falls in a recession, which has a long-run positive impact on output. This does not mean, however, that recessions should on average last longer or be more frequent, since the expectation of future recessions reduces today's incentives for productivity growth. We also briefly discuss some empirical work which is mildly supportive of the opportunity cost approach, while showing that it can be reconciled with the observed pro-cyclical behavior of measured total factor productivity. We also describe some theoretical work on the effects of growth on business cycles
Handbook of economic growth( )

1 edition published in 2014 in English and held by 0 WorldCat member libraries worldwide

"Volumes 2A and 2B of The Handbook of Economic Growth summarize recent advances in theoretical and empirical work while offering new perspectives on a range of growth mechanisms, from the roles played by institutions and organizations to the ways factors beyond capital accumulation and technological change can affect growth. Written by research leaders, the chapters summarize and evaluate recent advances while explaining where further research might be profitable. With analyses that are provocative and controversial because they are so directly relevant to public policy and private decision-making, these two volumes uphold the standard for excellence in applied economics set by Volumes 1A and 1B (2005)"--Publisher description
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Audience level: 0.60 (from 0.25 for Endogenous ... to 0.90 for Changer de ...)

Growth, inequality, and globalization : theory, history, and policy
Alternative Names
Aghion, P. 1956-

Aghion, Ph 1956-

Aghion, Philippe

Aghion, Phillipe

Aghion, Phillipe 1956-

Aghion, Phillippe 1956-

Philippe Aghion economist

Philippe Aghion Frans econoom

Philippe Aghion fransk ekonom

Philippe Aghion fransk økonom

Philippe Aghion französischer Ökonom

Агьон, Филипп

필립 아기온 경제학자



English (354)

French (16)

Growth, inequality, and globalization : theory, history, and policyCompetition and growth : reconciling theory and evidenceThe economics of growthHandbook of economic growthKnowledge, information, and expectations in modern macroeconomics : in honor of Edmund S. PhelpsVolatility and growthHandbook of economic growth