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Publications

2024

Aghion, P, Bergeaud A, Blundell R and Griffith R. Social Skills and the Individual Wage Growth of Less Educated Workers. 2024. PDF

Aghion P, Barrage L, Hemous D, Liu E. Transition to Green Technology along the Supply Chain. 2024. PDF

Aghion P, Bergeaud A, De Ridder M, Van Reenen J. Lost in Transition: Financial Barriers to Green Growth. 2024. PDF

2023

Aghion P, Bergeaud A, Lequien M, Melitz M. The Heterogeneous Impact of Market Size on Innovation: Evidence from French Firm-Level Exports. Forthcoming. PDF


Aghion P, Antonin C, Bunel S, Jaravel X. The Direct and Indirect Effects of Automation on Employment: A Survey of the Recent Literature. In Forthcoming. PDF

2022

Aghion P, Bergeaud A, Boppart T, Klenow PJ, Li H. Good Rents versus Bad Rents: R&D Misallocation and Growth. 2022. PDF

 

2021

Aghion P, Bergeaud A, Lequien M, Melitz M, Zuber T. Opposing Firm-Level Responses to the China Shock: Horizontal Competition versus Vertical Relationships?. 2021. PDF


Aghion P, Bergeaud A, Gigout T, Lequien M, Melitz M. Exporting Ideas: Knowledge Flows from Expanding Trade in Goods. 2021. PDF


Aghion P, Antonin C, Bunel S, Jaravel X. What Are the Labor and Product Market Effects of Automation? New Evidence from France. 2021. PDF


Aghion P, Benabou R, Martin R, Roulet A. Environmental Preferences and Technological Choices: Is Market Competition Clean or Dirty?. 2021. PDF

2020

Aghion P, Bergeaud A, Boppart T, Klenow P, Li H. A Theory of Falling Growth and Rising Rents. 2020. PDF

2019

Aghion P, Ciornohuz V, Gravoueille M, Stantcheva S. Reforms and Dynamics of Income Evidence Using New Panel Data. 2019.


Aghion P, Ciornohuz V, Gravoueille M, Stantcheva S. Anatomy of Inequality in France. 2019.


Aghion P, Bergeaud A, Gigout T, Lequien M, Melitz M. Spreading Knowledge Across the World: Innovation Spillover through Trade Expansion. 2019. PDF


Aghion P, Bergeaud A, Van Reenen J. The Impact of Regulation on Innovation. 2019. PDF


Aghion P, Bergeaud A, Blundell R, Griffith R. The Innovation Premium to Soft Skills in Low-Skilled Occupations. 2019. PDF


Acemoglu D, Aghion P, Barrage L, Hemous D. Climate Change, Directed Innovation, and Energy Transition: The Long-Run Consequences of the Shale Gas Revolution. 2019. PDF

 

2018

Aghion P, Farhi E, Kharroubi E. Monetary Policy, Product Market Competition, and Growth. 2018. PDF


Aghion P, Bergeaud A, Cette G, Lecat R, Maghin H. The Inverted-U Relationship Between Credit Access and Productivity Growth. 2018. PDF


Aghion P, Bergeaud A, Boppart T, Bunel S. Firm Dynamics and Growth Measurement in France. 2018. PDF


Aghion P, Akcigit U, Hyytinen A, Toivanen O. On the Returns to Invention Within Firms: Evidence from Finland [forthcoming in the AER Papers and Proceedings, May 2018]. 2018. PDF


Aghion P, Akcigit U, Hyytinen A, Toivanen O. The Social Origins and IQ of Inventors. 2018. PDF


Aghion P, Bergeaud A, Boppart T, Klenow PJ, Li H. Missing Growth from Creative Destruction. 2018. PDF

2017
Aghion P, Jones BF, Jones CI. Artificial Intelligence and Economic Growth. 2017. PDF


Aghion P, Farhi E, Kharroubi E. On the Interaction Between Monetary Policy, Corporate Balance Sheets and Structural Reforms. 2017. PDF


Aghion P, Akcigit U, Lequien M, Stantcheva S. Tax Simplicity and Heterogeneous Learning. 2017. PDF


Aghion P, Bergeaud A, Lequien M, Melitz M. The Impact of Exports on Innovation: Theory and Evidence. 2017. PDF


Aghion P, Akcigit U, Lequien M, Stantcheva S. Do Entrepreneurship and Self-Employment Respond to Simpler Fiscal Incentives? Evidence from France. 2017. PDF


2016
Aghion P, Bloom N, Lucking B, Sadun R, Van Reenen J. Turbulence, Firm Decentralization and Growth in Bad Times. 2016. PDF


Aghion P, Akcigit U, Bergeaud A, Blundell R, Hemous D. Innovation and Top Income Inequality. 2016. PDF


2015
Aghion P, Fehr E, Holden R, Wilkening T. The Role of Bounded Rationality and Imperfect Information in Subgame Perfect Implementation: An Empirical Investigation. 2015. PDF


2014
Aghion P, Jaravel X, Persson T, Rouzet D. Education and Military Rivalry. 2014. PDF


Aghion P, Jackson MO. Inducing Leaders to Take Risky Decisions: Dismissal, Tenure, and Term Limits. 2014. PDF


Aghion P, Bechtold S, Cassar L, Herz H. The Causal Effects of Competition on Innovation: Experimental Evidence. 2014. PDF


Aghion P, Kharroubi E. Monetary Policy, Financial Regulations, and Industry Growth. 2014. PDF


Aghion P, Howitt P, Prantl S. Patent Rights, Product Market Reforms, and Innovation. 2014. PDF


2013
Aghion P, Akcigit U, Howitt P. What Do We Learn From Schumpeterian Growth Theory?. 2013. PDF


2012
Aghion P, Akcigit U, Fernandez-Villaverde J. Optimal Capital versus Labor Taxation with Innovation-Led Growth. 2012. PDF


Aghion P, Fudenberg D, Holden R, Kunimoto T, Tercieux O. Subgame Perfect Implementation Under Information Perturbations. 2012. PDF


Aghion P, Farhi E, Kharroubi E. Monetary Policy, Liquidity, and Growth. 2012. PDF


Aghion P, Dewatripont M, Du L, Harrison A, Legros P. Industrial Policy and Competition. 2012. PDF


2010
Acemoglu D, Aghion P, Bursztyn L, Hemous D. The Environment and Directed Technical Change. 2010.Abstract PDF


Aghion P, Dechezlepretre A, Hemous D, Martin R, Reenen J. Carbon Taxes, Path Dependency and Directed Technical Change : Evidence from the Auto Industry. 2010. PDF
Pages
Aghion P, Fudenberg D, Holden R, Kunimoto T, Tercieux O. Subgame-Perfect Implementation Under Value Perturbations. 2010.Abstract PDF


2009
Aghion P, Boustan L, Hoxby C, Vandenbussche J. The Causal Impact of Education on Economic Growth: Evidence from U.S. 2009. PDF


Aghion P, Howitt P, Murtin F. The Relationship Between Health and Growth: When Lucas Meets Nelson-Phelps. 2009.Abstract PDF


Aghion P, Comin D, Howitt P, Tecu I. When Does Domestic Saving Matter for Economic Growth?. 2009.Abstract PDF


Aghion P, Hemous D, Kharroubi E. Credit Constraints, Cyclical Fiscal Policy and Industry Growth. 2009.Abstract PDF


Aghion P, Reenen VJ, Zingales L. Innovation and Institutional Investment. 2009.Abstract PDF


Aghion P, Algan Y, Cahuc P. Can Policy Influence Culture. 2009.


Aghion P, Dewatripont M, Kolev J, Murray F, Stern S. Of Mice and Academics. 2009.Abstract PDF


Aghion P, Algan Y, Cahuc P, Shleifer A. Distrust and Regulation. Currently revised for the Quarterly Journal of Economics. 2009. PDF


Aghion P, Dewatripont M, Hoxby C, Mas-Colell A, Sapir A. Governance and Peformance of Universities. Currently revised for Economic Policy. 2009.Abstract PDF


The Economics of Growth
Aghion P, Howitt P. The Economics of Growth. MIT Press; 2009. Publisher's Version


Aghion P, Bacchetta P, Ranciere R, Rogoff K. Exchange Rate Regimes and Productivity Growth. forthcoming in the Journal of Monetary Economics. 2009.


Aghion P, Acemoglu D, Griffith R, Zilibotti F. Vertical Integration and Technology: Theory and Evidence. forthcoming in the Journal of the European Economic Association. 2009. PDF


Aghion P, Dewatripont M, Stein J. Academic Freedom, Private Sector Focus, and the Process of Innovation. Rand Journal of Economics. 2009.Abstract PDF


Aghion P, Algan Y, Cahuc P. Civil society and the state: The interplay between cooperation and minimum wage regulation. 2009.Abstract PDF


Aghion P, Acemoglu D, Bursztyn L, Hemous D. Environment and Directed Technical Change. 2009. PDF


Aghion P, Fudenberg D, Holden TR. Subgame Perfect Implementation with Almost Perfect Information and the Hold-Up Problem. 2009.Abstract PDF


2008
Aghion P, Burgess R, Redding S, Zilibotti F. The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India. American Economic Review. 2008;94 (4) :1397-1412.Abstract PDF


2007
Aghion P, Braun M, Fedderke J. Competition and Productivity Growth in South Africa. 2007.Abstract


Aghion P, Askenazy P, Berman N, Cette G, Eymard L. Credit Constraints and the Cyclicality of R&D Investments: Evidence from France. Currently revised for the Journal of the European Economic Association. 2007.Abstract PDF


Pages
Aghion P, Alesina A, Trebbi F. Democracy, Technology, and Growth. In: Helpman E forthcoming in Institutions and Economic Performance. Harvard University Press ; 2007.Abstract PDF


Aghion P, Blundell R, Griffith R, Howitt P, Prantl S. Entry, Innovation, and Growth: Theory and Evidence. forthcoming in the Review of Economics and Statistics. 2007.


Aghion P, Marinescu I. Productivity Growth and Countercyclical Budgetary Policy: What Do We Learn from OECD Panel Data?. NBER Macroeconomic Annual. 2007.


Aghion P, Fally T, Scarpetta S. Credit Constraints as a Barrier to the Entry and Post Entry Growth of Firms: Theory and Evidence. Economic Policy. 2007.Abstract PDF


Aghion P, Antras P, Helpman E. Negotiating Free Trade. Journal of International Economics. 2007.


Aghion P, Acemoglu D, Lelarge C, Reenen VJ, Zilibotti F. Technology, Information, and the Decentralization of the Firm. Quarterly Journal of Economics. 2007.Abstract PDF


Aghion P, Stein J. Growth versus Profit Maximizing Strategies over the Cycle: Giving the Market What It Wants. Journal of Finance. 2007.


Aghion P, Alesina A, Trebbi F. Choosing Electoral Rules: Theory and Evidence from US Cities. Quarterly Journal of Economics. 2007.Abstract PDF


2006
Aghion P, Blundell R, Griffith R, Howitt P, Prantl S. The Effects of Entry on Incumbent Innovation and Productivity. 2006.Abstract PDF


Aghion P, Bacchetta P, Ranciere R, Rogoff K. Exchange Rate Volatility and Productivity Growth: The Role of Financial Development. 2006.Abstract PDF


Aghion P, Marinescu I. Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data?. 2006.Abstract PDF


Aghion P, Meghir C, Vandenbussche J. Distance to Frontier, Growth, and the Composition of Human Capital. Journal of Economic Growth. 2006.Abstract PDF


Aghion P, Griffith R, Howitt P. Competition and Vertical Integration. American Economic Review, Papers and Proceedings. 2006.


Aghion P, Howitt P. Appropriate Growth Policy, Schumpeter Lecture. Journal of the European Economic Association. 2006.Abstract PDF


Aghion P, Acemoglu D, Zilibotti F. Distance to Frontier, Selection, and Economic Growth. Journal of the European Economic Association. 2006.


2005
Aghion P, Angeletos G, Banerjee A, Manova K. Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment. 2005.Abstract


Aghion P, Boustan L, Hoxby C, Vandenbussche J. Exploiting States’ Mistakes to Identify the Causal Impact of Higher Education on Growth. 2005. PDF


Aghion P, Angeletos M, Banerjee A, Manova K. Volatility and Growth: Financial Development and the Cyclical Composition of Investment. Currently revised for the Journal of Monetary Economics. 2005.


Handbook of Economic Growth
Aghion P, Durlauf S. Handbook of Economic Growth. North-Holland: Elsevier; 2005. Publisher's Version


Competition and Growth
Aghion P, Griffith R. Competition and Growth. Zeuthen Lectures, MIT Press; 2005. Publisher's Version


Volatility and Growth
Aghion P, Banerjee A. Volatility and Growth. Clarendon Lectures, Oxford University Press; 2005. Publisher's Version


Aghion P, Bloom N, Blundell R, Griffith R, Howitt P. Competition and Innovation: An Inverted U Relationship. Quarterly Journal of Economics. 2005.


Aghion P, Howitt P, Mayer D. The Effect of Financial Development on Convergence. Quarterly Journal of Economics. 2005.


2004
Aghion P, Stein J. Growth vs. Margins: Business-Cycle Implications of Giving the Stock Market What It Wants. 2004.


Aghion P, Howitt P. Growth with Quality-Improving Innovations: An Integrated Framework. 2004.


Aghion P, Burgess R, Redding S, Zilibotti F. Entry Liberalization and Inequality in Industrial Performance. 2004.Abstract


Aghion P, Aghion B. A New Growth Approach to Poverty Alleviation. 2004. PDF


Education et croissance
Aghion P, Cohen E. Education et croissance. La Documentation Francaise; 2004. Publisher's Version


Aghion P, Bolton P, Tirole J. Exit Options in Corporate Finance: Liquidity versus Incentives. Review of Finance. 2004.


Aghion P, Schankerman M. A Model of the Private and Social Returns to Market-Enhancing Infrastructure. Economic Journal. 2004.


Aghion P, Bacchetta P, Banerjee A. Capital Markets and the Instability of Open Economies. Journal of Monetary Economics. 2004.


Aghion P, Bacchetta P, Banerjee A. A Balance-Sheet Approach to Currency Crises. Journal of Economic Theory. 2004.


Aghion P, Alesina A, Trebbi F. Endogenous Political Institutions. Quarterly Journal of Economics. 2004.Abstract PDF


2003
Aghion P, Bond S, Klemm A, Marinescu I. Technology and Financial Structure: Are Innovative Firms Different? . 2003.


Aghion P, Bacchetta P, Banerjee A. Financial Development and the Instability of Open Economies . 2003.


Acemoglu D, Aghion P, Zilibotti F. Distance to Frontier, Selection, and Economic Growth . 2003.


Aghion P, Bertola G, Hellwig M, Pisani-Ferry J, Sapir A, Vinals J, Wallace H. An Agenda for a Growing Europe: The Sapir Report. Oxford University Press; 2003. Publisher's Version


Aghion P, Dewatripont M, Rey P. Transferable Control. Journal of the European Economic Association. 2003.


Aghion P, Acemoglu D, Zilibotti F. Vertical Integration and Distance to Frontier. Journal of the European Economic Association, Papers and Proceedings. 2003.Abstract PDF


Aghion P, Bolton P. Incomplete Social Contracts. Journal of the European Economic Association. 2003.
 


2002
Aghion P, Rey P. Allocating Decision Rights under Liquidity Constraints: A Simple Framework. In: E.Brousseau Essays on Incomplete Contracts. Cambridge University Press ; 2002.


Aghion P, Dewatripont M, Rey P. On Partial Contracting. European Economic Review, Papers and Proceedings. 2002.


Aghion P, Howitt P, Violante G. General Purpose Technologies and Within-group Inequality. Journal of Economic Growth. 2002.


Aghion P. Schumpeterian Growth Theory and the Dynamics of Income Inequality. Walras-Bowley Lecture. 2002;Econometrica.


2001
Aghion P, Dewatripont M, Rey P. Agency Costs, Firm Behaviour, and the Nature of Competition. 2001.


Aghion P, Acemoglu D, Violante GL. Deunionization, Technical Change and Inequality. Carnegie-Rochester Conference Series on Public Policy. 2001;55 :229-264.
 

Aghion P, Bacchetta P, Banerjee A. Currency Crises and Monetary Policy in an Economy with Credit Constraints. European Economic Review. 2001;ISOM Volume.
 

Aghion P, Harris C, Howitt P, Vickers J. Competition, Imitation and Growth with Step-by-Step Innovation. Review of Economic Studies. 2001;68 (3) :467-492.


2000
Aghion P, Bolton P, Dewatripont M. Contagious Bank Failures in a Free Banking System. European Economic Review. 2000.


Aghion P, Banerjee A, Baccheta P. A Simple Model of Monetary Policy and Currency Crises. European Economic Review. 2000.


1999
Inequality, Growth, and Globalization - Theory, History and Policy
Aghion P, Williamson J. Inequality, Growth, and Globalization - Theory, History and Policy. Raffaele Mattioli Memorial Lecture, Cambridge University Press; 1999. Publisher's Version


Aghion P, Schankerman M. Competition, Entry, and the Social Returns to Infrastructure in Transition Economies. Economics of Transition. 1999.


Aghion P, Bolton P, Fries S. Optimal Design of Bank Bailouts: The Case of Transition Economies. Journal of Institutional and Theoretical Economics. 1999.


Aghion P, Caroli E, Garcia-Penalosa C. Inequality and Economic Growth: The Perspective of the New Growth Theories. Journal of Economic Literature. 1999.


Aghion P, Banerjee A, Piketty T. Dualism and Macroeconomic Volatility. Quarterly Journal of Economics. 1999.


Aghion P, Dewatripont M, Rey P. Competition, Financial Discipline, and Growth. Review of Economic Studies . 1999;66 (4) :825-852.


1998
Aghion P, Bolton P, Fries S. Financial Restructuring in Transition Economies. Currently revised for the Journal of Finance. 1998.


Endogenous Growth Theory
Aghion P, Howitt P. Endogenous Growth Theory. Cambridge, MA: MIT Press; 1998. Publisher's Version


Aghion P, Howitt P. On the Macroeconomic Effects of Major Technological Change. In: Helpman E General Purpose Technologies and Economic Growth. Cambridge, MA: MIT Press ; 1998. pp. 121-144.


Aghion P, Howitt P. Market Structure and the Growth Process. Review of Economic Dynamics. 1998;1 (276-305).

Aghion P, Howitt P. Capital Accumulation and Innovation as Complementary Factors in Long-Run Growth. Journal of Economic Growth. 1998;3 (111-130).


Aghion P, Compte O, Jehiel P. Bargaining While Searching for Outside Options: A Potential Role for Unions. European Economic Review. 1998.


1997
Aghion P, Howitt P. Ajustement macroéconomique aux technologies multi-usage. l’Actualité économique, Revue d’analyse économique. 1997;73 :575-593.


Aghion P, Howitt P. A Schumpeterian Perspective on Growth and Competition. In: Kreps DM, Wallis KF Advances in Economics and Econometrics: Theory and Applications, vol. 2. Cambridge University Press ; 1997. pp. 279-317.


Aghion P, Blanchard O, Carlin W. The Economics of Enterprise Restructuring in Central and Eastern Europe. In: Roemer J Property Relations, Incentives and Welfare. McMillan Press and St. Martin's Press ; 1997.


Aghion P, Howitt P. A Schumpeterian Perspective on Growth and Competition. In: Kreps D Advances in Economics and Econometrics. ; 1997.


Aghion P, Bolton P. A Theory of Trickle-Down Growth and Development. lead article in the Review of Economic Studies. 1997;64 (2) :151-172.


Aghion P, Tirole J. Real and Formal Authority in Organizations. lead article in the Journal of Political Economy. 1997.


Aghion P, Dewatripont M, Rey P. Corporate Governance, Competition Policy and Industrial Policy. European Economic Review. 1997;41 (3-5) :797-805.


Aghion P, Harris C, Vickers J. Competition and Growth with Step-by-Step Innovation; An Example. European Economic Review. 1997;41 :771-782.


1996
Aghion P, Blanchard O. On Insider Privatisation. European Economic Review. 1996.


Aghion P, Howitt P. The Observational Implications of Schumpeterian Growth Theory. Empirical Economics. 1996;21 :13-25.


Aghion P, Howitt P. Research and Development in the Growth Process. Journal of Economic Growth. 1996;1 (49-73).


1995
Aghion P, Howitt P. Technical Progress in the Theory of Economic Growth. In: Fitoussi J-P Economics in a Changing World: Proceedings of the 10th World Congress of the International Economic Association, vol 5. London: Macmillan ; 1995. pp. 101-122.


Aghion P, Tirole J. Some Implications of Growth for Ownership Structure and Organisational Forms. European Economic Review. 1995.


1994
Aghion P, Piketty T. Social Mobility and Corporate Development. Revised for the Journal of Political Economy. 1994.


Aghion P, Tirole J. Opening the Black Box of Innovation. European Economic Review. 1994.


Aghion P, Paul SG. Uncovering Some Casual Relationships between Productivity Growth and the Structure of Economic Fluctuations. NBER and Labour. 1994.

Aghion P, Blanchard O, Burgess R. The Behaviour of State Firms in Eastern Europe, Pre-Privatisation. European Economic Review. 1994;ISOM issue.


Aghion P, Blanchard O. On the Speed of Transition in Central Europe. NBER Macro Annuals. 1994.

Aghion P, Tirole J. On the Management of Innovation. Quarterly Journal of Economics. 1994.


Aghion P, Howitt P. Growth and Unemployment. Review of Economic Studies. 1994;61 (3) :477-494.


Aghion P, Dewatripont M, Rey P. Renegotiation Design With Unverifiable Information. lead article in Econometrica. 1994;62 (2) :257-282.


1993
Aghion P, Espinoza M, Jullien B. Dynamic Duopoly with Learning Through Price- Experimentation. Economic Theory. 1993.


Aghion P. Economic Reform in Eastern Europe: Can Theory Help?. European Economic Review. 1993.


1992
Aghion P, Burgess R. Financing and Development in Eastern Europe and the Former Soviet Union. Financial Institutions in Europe. 1992.


Aghion P, Bolton P. Distribution and Growth in Models of Imperfect Capital Markets. European Economic Review, Papers and Proceedings of the 6th Annual Congress of the European Economic Association. 1992;36 (2/3) :603-611.


Aghion P, Hart O, Moore J. The Economics of Bankruptcy Reform. Journal of Law, Economics and Organisation. 1992.


Aghion P, Howitt P. A Model of Growth through Creative Destruction. Econometrica. 1992;60 (2) :323-351.


Aghion P, Bolton P. An Incomplete Contracts Approach to Financial Contracting. Review of Economic Studies. 1992;59 (3) :473-494.


1991
Aghion P, Bolton P, Harris C, Jullien B. Optimal Learning by Experimentation. Review of Economic Studies. 1991;58 (4) :621-654.


Aghion P, Howitt P. Unemployment: A Symptom of Stagnation or a Side-Effect of Growth?. European Economic Review. 1991;35 :535-541.


1990
Aghion P, Bolton P. Government Domestic Debt and the Risk of Default: A Political- Economic Model of the Strategic Role of Debt. In: Dornbusch R, Draghi M Government Domestic Debt and the Risk of Default: A Political- Economic Model of the Strategic Role of Debt. Cambridge, MA: MIT Press ; 1990.


Aghion P, Hermalin B. Legal Restrictions on Private Contracts can Enhance. Journal of Law, Economics and Organisations. 1990.


1989
Aghion P, Dewatripont M, Rey P. On Renegotiation Design. European Economic Review. 1989;34 (2/3) :322-329.


Aghion P, Bolton P. The Financial Structure of the Firm and the Problem of Control. European Economic Review. 1989.


1987
Aghion P, Bolton P. Contracts as a Barrier to Entry. American Economic Review. 1987;77 (3) :388-401.


1985
Aghion P. On the Generic Inefficiency of Differentiable Market Games. Journal of Economic Theory. 1985.

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