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When Does Domestic Saving Matter for Economic Growth?

Comin, Diego; Howitt, Peter; Aghion, Philippe - National Bureau of Economic Research (NBER) - 2006

Can a country grow faster by saving more? We address this question both theoretically and empirically. In our model, growth results from innovations that allow local sectors to catch up with the frontier technology. In relatively poor countries, catching up with the frontier requires the...

Persistent link: https://www.econbiz.de/10005713935

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

When Does Domestic Saving Matter for Economic Growth?

Aghion, Philippe - 2009

Can a country grow faster by saving more? We address this question both theoretically and empirically. In our theoretical model, growth results from innovations that allow local sectors to catch up with frontier technology. In poor countries, catching up requires the cooperation of a foreign...

Persistent link: https://www.econbiz.de/10012719740

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

Aghion, Philippe; Dechezleprêtre, Antoine; Hémous, David - 2013

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/10014161819

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

Aghion, Philippe; Dechezleprêtre, Antoine; Hémous, David - 2014

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/10014163071

Optimal Capital Versus Labor Taxation with Innovation-Led Growth

Aghion, Philippe - 2014

Chamley (1986) and Judd (1985) showed that, in a standard neoclassical growth model with capital accumulation and infinitely lived agents, either taxing or subsidizing capital cannot be optimal in the steady state. In this paper, we introduce innovation-led growth into the Chamley-Judd...

Persistent link: https://www.econbiz.de/10013063825

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

Parental Education and Invention : The Finnish Enigma

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

Persistent link: https://www.econbiz.de/10014255610

Fostering growth in CEE countries: a country-tailored approach to growth policy

Aghion, Philippe; Harmgart, Heike; Weisshaar, Natalia - European Bank for Reconstruction and Development (EBRD) - 2010

increase long-term growth: competition and the quality of education. We find empirical evidence that if accession countries … long-run impact of quality of education on growth, and hence the high return on public investment in education …

Persistent link: https://www.econbiz.de/10008784449

On the Speed of Transition Central Europe

Blanchard, Olivier; Aghion, Philippe - National Bureau of Economic Research (NBER) - 1994

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...

Persistent link: https://www.econbiz.de/10005778221