Lionel Robbins Memorial Lectures 2009
Designing Policies for Growth
Speaker: Professor Philippe Aghion, Robert C. Waggoner Professor of Economics, Harvard University
Lecture Summaries and Recordings:
Lecture 1: The Layers of Growth Policy DesignChaired by Professor Danny Quah
This lecture will lay down the framework to think about growth policy design. It will argue that growth policy should involve several layers of intervention: (i) knowledge; (ii) market reforms (with the issue of industrial policy); (iii) culture and trust to secure market reforms; (iv) growth-compatible macroeconomic policy over the cycle.
Lecture 2: Growth and the EnvironmentChaired by Mr Christopher Johnson
Lecture 2 will discuss how policies that induce directed technical change can be designed so as to maximize sustainable growth in a world with environmental constraints
Lecture 3: Growth and Culture: Regulation and TrustChaired by Sir Howard Davies
The final lecture will focus on the relationship between market reforms and trust. It will try to explain: (i) why countries with higher levels of trust and social capital tend to be countries with less regulated product and labor markets; (ii) why countries with lower levels of social capital are also countries with higher demand for more regulations; (iii) why fast deregulation in a low-trust country leads o further reductions in trust.
About the Speaker: Philippe Aghion is Robert C. Waggoner Professor of Economics at Harvard University. His main research areas are growth economics and the theory of organizations. With Peter Howitt he published “Endogenous Growth Theory” (1998, MIT Press), which develops the so-called Schumpeterian growth paradigm. His more recent work analyzes the relationship between growth and market structure (“Competition and Growth”, with Rachel Griffith, 2005, MIT Press), growth and education (“Higher Education and Growth”, Gorman Lectures), and between growth and organizations.
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