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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 sectors differently and that this differential effect may be one of the …

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

A Time to Sow and a Time to Reap : Growth Based on General Purpose Technologies

Helpman, Elhanan - 1994

We develop a model of growth driven by successive improvements in 'General Purpose Technologies' (GPT's), such as the steam engine, electricity, or micro-electronics. Each new generation of GPT's prompts investments in complementary inputs, and impacts the economy after enough such compatible...

Persistent link: https://www.econbiz.de/10012474057

Carbon Taxes, Path Dependency and Directed Technical Change : Evidence from the Auto Industry

Aghion, Philippe - 2012

Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 countries over several decades. We show that...

Persistent link: https://www.econbiz.de/10012460065

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 …

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

A Linder Hypothesis for Foreign Direct Investment

Fajgelbaum, Pablo D. - 2011

We study patterns of FDI in a multi-country world economy. We develop a model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand-driven and the decision to serve foreign countries via exports or FDI depends on a...

Persistent link: https://www.econbiz.de/10012461108

Distance to Frontier, Selection, and Economic Growth

Acemoglu, Daron - 2002

We analyze an economy where managers engage both in the adaptation 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...

Persistent link: https://www.econbiz.de/10012469647

Exchange Rate Volatility and Productivity Growth : The Role of Financial Development

Aghion, Philippe - 2006

This paper offers empirical evidence that real exchange rate volatility can have a significant impact on long-term rate of productivity growth, but the effect depends critically on a country's level of financial development. For countries with relatively low levels of financial development,...

Persistent link: https://www.econbiz.de/10012466492

Adjusting to a New Technology : Experience and Training

Helpman, Elhanan - 1998

In this paper we study how aggregate output responds to the arrival of a new General Purpose Technology (GPT) by looking at adjustment mechanisms that operate through labor markets. We show that under a wide set of circumstances the arrival of a new GPT that raises long-run output can trigger a...

Persistent link: https://www.econbiz.de/10012472257

Diffusion of General Purpose Technologies

Helpman, Elhanan - 1996

History and theory alike suggest that General Purpose Technologies (GPT's), such as the steam engine or electricity …

Persistent link: https://www.econbiz.de/10012473061

Technology and Trade

Grossman, Gene M. - 1994

We survey research on the relationship between technology and trade. We begin with the old literature, which treated the state of technology as exogenous and asked how changes in technology affect the trade pattern and welfare. Recent research has attempted to endogenize technological progress...

Persistent link: https://www.econbiz.de/10012473978

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