Similar Search Results

The Inverted-U Relationship Between Credit Access and Productivity Growth

Aghion, Philippe - 2018

In this paper, we identify two counteracting effects of credit access on productivity growth: on the one hand, better … access to credit makes it easier for entrepreneurs to innovate; on the other hand, better credit access allows less efficient … first develop a simple model of firm dynamics and innovation-based growth with credit constraints, where the above two …

Persistent link: https://www.econbiz.de/10012909371

Le bénéfice de la santé. Un apport des théories de la croissance endogène

Aghion, Philippe; Howitt, Peter; Murtin, Fabrice - In: Revue de l'OFCE n° 112 (2010) 1, pp. 87-108

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 accumulation and the level of health. Based on cross-country regressions where we instrument for both...

Persistent link: https://www.econbiz.de/10008615377

Growth, distance to frontier and composition of human capital

Vandenbussche, Jérôme; Aghion, Philippe; Meghir, Costas - 2004

We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labor has a higher growth-enhancing effect closer to the technological frontier under the reasonable...

Persistent link: https://www.econbiz.de/10010292939

Distance to Frontier, Selection, and Economic Growth

Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002

We analyse 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...

Persistent link: https://www.econbiz.de/10005789082

Growth, Distance to Frontier and Composition of Human Capital

Aghion, Philippe; Meghir, Costas; Vandenbussche, Jérôme - C.E.P.R. Discussion Papers - 2005

We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer to the technological frontier under the reasonable...

Persistent link: https://www.econbiz.de/10005792394

Vertical Integration and Distance to Frontier

Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002

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...

Persistent link: https://www.econbiz.de/10005123937

The middle-income trap from a Schumpeterian perspective

Aghion, Philippe; Bircan, Cagatay - 2017

We provide an outline for viewing the middle-income trap through the lens of the Schumpeterian growth paradigm, which places the notion of creative destruction at the center of economic growth. Economic growth and development come from the interplay between changes in economic structure and...

Persistent link: https://www.econbiz.de/10011723084

Distance to Frontier, Selection, and Economic Growth

Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - 2015

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...

Persistent link: https://www.econbiz.de/10014073922

Chapter 2 Growth with Quality-Improving Innovations: An Integrated Framework

Aghion, Philippe; Howitt, Peter - 2005

In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...

Persistent link: https://www.econbiz.de/10014023785

Competition, Innovation, and Inclusive Growth

Aghion, Philippe; Hasanov, Fuad; Cherif, Reda - 2022

We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad-based growth. However, new technologies and trends in...

Persistent link: https://www.econbiz.de/10013306810

1
2
3
4
5
6
7
8
9
10
Next
Last