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Parental education and invention : the finnish enigma

Aghion, Philippe; Akcigit, Ufuk; Hyytinen, Ari; … - 2023

Persistent link: https://www.econbiz.de/10013543028

Carbon taxes, path dependency and directed technical change : evidence from the auto industry

Aghion, Philippe; Dechezleprêtre, Antoine; Hémous, David - 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/10009687266

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

Turbulence, firm decentralization and growth in bad times

Aghion, Philippe; Bloom, Nicholas; Lucking, Brian; … - 2017

What is the optimal form of firm organization during "bad times"? Using two large micro datasets on firm decentralization from US administrative data and 10 OECD countries, we find that firms that delegated more power from the Central Headquarters to local plant managers prior to the Great...

Persistent link: https://www.econbiz.de/10011641565

Innovation and institutional ownership

Aghion, Philippe; Van Reenen, John; Zingales, Luigi - 2010

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...

Persistent link: https://www.econbiz.de/10008735730