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Aghion, Philippe

Works: 281 works in 1,145 publications in 4 languages and 9,233 library holdings
Genres: Conference proceedings  Handbooks, manuals, etc 
Roles: Author, Editor, Redactor, Author of introduction, Secretary, Creator, Adapter, Author of dialog
Classifications: HD75, 338.9
Publication Timeline
Publications about Philippe Aghion
Publications by Philippe Aghion
Most widely held works by Philippe Aghion
Endogenous growth theory by Philippe Aghion( Book )
24 editions published between 1998 and 2004 in 3 languages and held by 718 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 )
30 editions published between 1998 and 2004 in English and Undetermined and held by 629 libraries worldwide
These Raffaele Mattioli Lectures have brought together 2 of the world's leading economists to question the conventional wisdom on inequality and growth, and address its inability to explain recent economic experience
The economics of growth by Philippe Aghion( Book )
19 editions published between 2009 and 2010 in English and French and held by 484 libraries worldwide
"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. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics
Competition and growth : reconciling theory and evidence by Philippe Aghion( Book )
20 editions published between 2005 and 2008 in English and held by 475 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
Handbook of economic growth by Philippe Aghion( Book )
54 editions published between 2004 and 2014 in English and Dutch and held by 411 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
Knowledge, information, and expectations in modern macroeconomics : in honor of Edmund S. Phelps ( Book )
9 editions published in 2003 in English and held by 330 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
The Transition to a market economy by Centre for Co-operation with Economies in Transition( Book )
6 editions published in 1991 in English and held by 301 libraries worldwide
Volatility and growth by Philippe Aghion( Book )
15 editions published in 2005 in English and held by 275 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
Politique économique et croissance en Europe by France( Book )
8 editions published in 2006 in French and held by 93 libraries worldwide
On the speed of transition in Central Europe by Philippe Aghion( Book )
16 editions published between 1993 and 1994 in English and held by 86 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
Éducation et croissance rapport by France( Book )
9 editions published in 2004 in French and held by 80 libraries worldwide
L'éducation revêt une importance cruciale dans nos sociétés modernes. Facteur clé de cohésion nationale, vecteur attendu de justice sociale, l'éducation se voit également de plus en plus attribuer un rôle moteur dans la croissance économique : c'est à cette dernière fonction que s'attache le rapport de Philippe Aghion et d'Elie Cohen, sur la base d'une analyse empruntant à la fois aux théories macroéconomiques de la croissance, à la théorie microéconomique des incitations et à l'analyse sociologique et historique du fonctionnement de notre système éducatif
Distance to frontier, selection, and economic growth by Daron Acemoglu( Book )
19 editions published in 2002 in English and held by 68 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
Endogenous political institutions by Philippe Aghion( Book )
20 editions published in 2002 in English and held by 67 libraries worldwide
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
Vertical integration and distance to frontier by Daron Acemoglu( Book )
19 editions published in 2002 in English and held by 64 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
The economics of bankruptcy reform by Philippe Aghion( Book )
19 editions published in 1992 in English and held by 63 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
Uncovering some causal relationships between productivity growth and the structure of economic fluctuations : a tentative survey by Philippe Aghion( Book )
15 editions published between 1993 and 1994 in English and held by 54 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
Competition and innovation : an inverted U relationship by Philippe Aghion( Book )
15 editions published between 2002 and 2004 in English and held by 48 libraries worldwide
This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is developed in which competition may increase the incremental profit from innovating; on the other hand, competition may also reduce innovation incentives for laggards. There are four key predictions. First, the relationship between product market competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among firms should decrease with PMC. Third, the higher the average degree of neck-and-neckness' in an industry, the steeper the inverted-U relationship. Fourth, firms may innovate more if subject to higher debt-pressure, especially at lower levels of PMC. We confront these predictions with data on UK firms' patenting activity at the US patenting office. They are found to accord well with observed behavior
Exchange rate volatility and productivity growth : the role of financial development by Philippe Aghion( Book )
20 editions published in 2006 in English and held by 40 libraries worldwide
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, exchange rate volatility generally reduces growth, whereas for financially advanced countries, there is no significant effect. Our empirical analysis is based on an 83country data set spanning the years 1960-2000; our results appear robust to time window, alternative measures of financial development and exchange rate volatility, and outliers. We also offer a simple monetary growth model in which real exchange rate uncertainty exacerbates the negative investment effects of domestic credit market constraints. Our approach delivers results that are in striking contrast to the vast existing empirical exchange rate literature, which largely finds the effects of exchange rate volatility on real activity to be relatively small and insignificant
The unequal effects of liberalization : evidence from dismantling the license raj in India by Philippe Aghion( Book )
20 editions published between 2004 and 2007 in English and held by 40 libraries worldwide
We study the effects of the progressive elimination of the system of industrial regulations on entry and production, known as the "license raj," on registered manufacturing output, employment, entry and investment across Indian states with different labor market regulations. The effects are found to be unequal depending on the institutional environment in which industries are embedded. In particular, following delicensing, industries located in states with pro-employer labor market institutions grew more quickly than those in pro-worker environments
Handbook of economic growth ( Book )
14 editions published between 2005 and 2008 in English and held by 21 libraries worldwide
The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. The Handbook of Economic Growth, edited by Philippe Aghion and Steven Durlauf, with an introduction by Robert Solow, features in-depth, authoritative survey articles by the leading economists working on growth theory
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Alternative Names
Aghion, P. 1956-
Aghion, Ph 1956-
Aghion, Philippe
Aghion, Phillipe
Aghion, Phillipe 1956-
Aghion, Phillippe 1956-
Philippe Aghion Economist
Philippe Aghion fransk ekonom
Philippe Aghion fransk økonom
Philippe Aghion französischer Ökonom
English (347)
French (21)
Chinese (1)
Dutch (1)
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