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A Model of Growth Through Creative Destruction

Aghion, Philippe - 1990

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...

Persistent link: https://www.econbiz.de/10012475814

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

Uncovering Some Causal Relationships between Productivity Growth and the Structure of Economic Fluctuations : A Tentative Survey

Aghion, Philippe - 1993

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...

Persistent link: https://www.econbiz.de/10012474337

Taxation, Corruption, and Growth

Aghion, Philippe - 2016

We build an endogenous growth model to analyze the relationships between taxation, corruption, and economic growth. Entrepreneurs lie at the center of the model and face disincentive effects from taxation but acquire positive benefits from public infrastructure. Political corruption governs the...

Persistent link: https://www.econbiz.de/10012456744

Parental Education and Invention : The Finnish Enigma

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

controlling for parental education; (ii) instrumenting for the parents having a MSc-degree using distance to nearest university … reveals a large causal effect of parental education on offspring probability of inventing; and (iii) the causal effect of … parental education has been markedly weakened by the introduction in the early 1970s of a comprehensive schooling reform …

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

A Year Older, A Year Wiser (and Farther from Frontier) : Invention Rents and Human Capital Depreciation

Aghion, Philippe; Akcigit, Ufuk; Hyytinen, Ari; … - National Bureau of Economic Research - 2022

We look at how the arrival of an invention affects wage returns and probability of moving out of employment for white … invention. This negative effect disappears when we control for education and, in particular, for time that since obtaining the …

Persistent link: https://www.econbiz.de/10013172162

The Impact of Regulation on Innovation

Aghion, Philippe; Bergeaud, Antonin; Van Reenen, John - National Bureau of Economic Research - 2021

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

Persistent link: https://www.econbiz.de/10012482599

Innovators : Filmmakers

Galenson, David W. - 2010

John Ford and Alfred Hitchcock were experimental filmmakers: both believed images were more important to movies than words, and considered movies a form of entertainment. Their styles developed gradually over long careers, and both made the films that are generally considered their greatest...

Persistent link: https://www.econbiz.de/10012462721

Innovators : Architects

Galenson, David W. - 2010

Frank Lloyd Wright, Le Corbusier, and Frank Gehry were experimental architects: all worked visually, and arrived at their designs by discovering forms as they sketched. Their styles evolved gradually over long periods, and all three produced the buildings that are generally considered their...

Persistent link: https://www.econbiz.de/10012462990

Of Mice and Academics : Examining the Effect of Openness on Innovation

Murray, Fiona - 2009

Scientific freedom and openness are hallmarks of academia: relative to their counterparts in industry, academics maintain discretion over their research agenda and allow others to build on their discoveries. This paper examines the relationship between openness and freedom, building on recent...

Persistent link: https://www.econbiz.de/10012463828