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Aghion, Philippe - 2009

In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation, while regulation in turn discourages social capital...

Persistent link: https://www.econbiz.de/10012464001

The Social Origins of Inventors

Aghion, Philippe - 2017

In this paper we merge three datasets - individual income data, patenting data, and IQ data - to analyze the determinants of an individual's probability of inventing. We find that: (i) parental income matters even after controlling for other background variables and for IQ, yet the estimated...

Persistent link: https://www.econbiz.de/10012453603

Parental Education and Invention : The Finnish Enigma

Aghion, Philippe; Akcigit, Ufuk; Hyytinen, Ari; … - National Bureau of Economic Research - 2023

Why is invention strongly positively correlated with parental income not only in the US but also in Finland which displays low income inequality and high social mobility? Using data on 1.45M Finnish individuals and their parents, we find that: (i) the positive association between parental income...

Persistent link: https://www.econbiz.de/10014226161

Innovation and Top Income Inequality

Aghion, Philippe - 2015

In this paper we use cross-state panel data to show a positive and significant correlation between various measures of innovativeness and top income inequality in the United States over the past decades. Two distinct instrumentation strategies suggest that this correlation (partly) reflects a...

Persistent link: https://www.econbiz.de/10012457420

The Governance and Performance of Research Universities : Evidence from Europe and the U.S

Aghion, Philippe - 2009

We investigate how university governance affects research output, measured by patenting and international university research rankings. For both European and U.S. universities, we generate several measures of autonomy, governance, and competition for research funding. We show that university...

Persistent link: https://www.econbiz.de/10012463797

On the Speed of Transition Central Europe

Aghion, Philippe - 1994

Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market … 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 …

Persistent link: https://www.econbiz.de/10012474189

A Theory of Falling Growth and Rising Rents

Aghion, Philippe - 2019

Growth has fallen in the U.S., while firm concentration and profits have risen. Meanwhile, labor's share of national income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which the driving force is falling firm-level costs of...

Persistent link: https://www.econbiz.de/10012480391

The Relationship Between Health and Growth : When Lucas Meets Nelson-Phelps

Aghion, Philippe - 2010

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...

Persistent link: https://www.econbiz.de/10012462837

Credit Constraints, Cyclical Fiscal Policy and Industry Growth

Aghion, Philippe - 2009

This paper evaluates whether the cyclical pattern of fiscal policy can affect growth. We first build a simple endogenous growth model where entrepreneurs can invest either in short-run projects or in long-term growth enhancing projects. Long-term projects involve a liquidity risk which credit...

Persistent link: https://www.econbiz.de/10012463531

Democracy, Technology, and Growth

Aghion, Philippe - 2007

We explore the question of how political institutions and particularly democracy affect economic growth. Although empirical evidence of a positive effect of democracy on economic performance in the aggregate is weak, we provide evidence that democracy influences productivity growth in different...

Persistent link: https://www.econbiz.de/10012465474