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Antonin Bergeaud.

Antonin Bergeaud

Associate

Expertise: Growth, Innovation

Email:
antonin.bergeaud@gmail.com
Connect:
Twitter
Website
Links:
CEP Growth
Banque de France

Biography

Dr Antonin Bergeaud is an associate professor of economics at HEC Paris and a research associate at CEP. His research interests focus on innovation and productivity. More specifically, his research considers the link between innovation and inequalities, the trends of economic growth in the long-run and the future of productivity growth.

Current areas of research include:

  • Innovation on the long-run
  • long-term drivers of productivity
  • misallocation from corporate real-estate
  • market power

Publications

CEP discussion papers
Firm dynamics and growth with soft budget constraints

We develop a model of endogenous growth and firm dynamics with soft budget constraints, where firms differ in their innovation speed and slower firms need additional financing in order to eventually innovate. As creditor... Read more...

Philippe Aghion, Antonin Bergeaud, Mathias Dewatripont and Johannes Matt

10 April 2025

Blog
AI can boost productivity - if firms use it

We constantly hear of exciting new ways AI tools can help to tackle economic problems and the productivity gains they bring. However, benefits can only materialize when firms actually use AI.... Read more...

Antonin Bergeaud, Guzman Gonzalez-Torres Fernandez, Vincent Labhard and Richard Sellner

28 March 2025

CEP discussion papers
Migration and innovation: The impact of East German investors on West Germany's technological development

We investigate the causal relationship between inventor migration and regional innovation in the context of the large-scale migration shock from East to West Germany between World War II and the construction of the Berli... Read more...

Antonin Bergeaud, Max Deter, Maria Greve and Michael Wyrwich

19 February 2025

CEP discussion papers
The wage of temporary agency workers

Using French administrative data, we estimate the wage gap distribution between in-house and temporary agency workers working in the same establishment and the same occupation. The average wage gap is about 3%, but the g... Read more...

Antonin Bergeaud, Pierre Cahuc, Clement Malgouyres, Sara Signorelli and Thomas Zuber

02 July 2024

Journal article
The Heterogeneous Impact of Market Size on Innovation: Evidence from French Firm-Level Exports

We analyze how demand conditions faced by a firm in its export markets affect its innovation decisions. We exploit exogenous firm-level export demand shocks and find that firms respond by patenting more; furthermore, thi... Read more...

Philippe Aghion, Antonin Bergeaud, Matthieu Lequien and Marc J. Melitz

14 May 2024

Journal article
Opposing Firm-Level Responses to the China Shock: Output Competition versus Input Supply

We decompose the "China shock" into two components that induce different adjustments for firms exposed to Chinese exports: an output shock affecting firms selling goods that compete with similar imported Chinese goods, a... Read more...

Philippe Aghion, Antonin Bergeaud, Matthieu Lequien, Marc J. Melitz and Thomas Zuber

01 May 2024

Journal article
Proximity of firms to scientific production

Following Bergeaud et al. (2022), we construct a new measure of proximity between industrial sectors and public research laboratories. Using this measure, we explore the underlying network of knowledge linkages between s... Read more...

Antonin Bergeaud and Arthur Guillouzouic

01 March 2024

Journal article - forthcoming
Technological Change and Domestic Outsourcing

Domestic outsourcing has grown substantially in developed countries over the past two decades. This paper addresses the question of the technological drivers of this phenomenon by studying the impact of the staggered dif... Read more...

Antonin Bergeaud, Clement Malgouyres, Clement Mazet-Sonilhac and Sara Signorelli

21 February 2024

Journal article
Identifying technology clusters based on automated patent landscaping

We introduce a new general methodological approach for accurately and consistently retrieving a large set of patents related to specific technologies. We build upon the automated patent landscaping algorithm by incorpora... Read more...

Antonin Bergeaud and Cyril Verluise

14 December 2023

CEP discussion papers
Proximity of firms to scientific production

Following Bergeaud et al. (2022), we construct a new measure of proximity between industrial sectors and public research laboratories. Using this measure, we explore the underlying network of knowledge linkages between s... Read more...

Antonin Bergeaud and Arthur Guillouzouic

15 November 2023

CEP discussion papers
Exporting ideas: Knowledge flows from expanding trade in goods

We examine the effect of entry by French firms into a new export market on the dynamics of their patents' citations received from that destination. Applying a difference-in-differences identification strategy with a stag... Read more...

Philippe Aghion, Antonin Bergeaud, Timothee Gigout, Matthieu Lequien and Marc Malitz

15 November 2023

Journal article
A Theory of Falling Growth and Rising Rents

Growth has fallen in the U.S. amid a rise in firm concentration. Market share has shifted to low labour share firms, while within-firm labour shares have actually risen. We propose a theory linking these trends in which ... Read more...

Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J. Klenow and Huiyu Li

06 November 2023

Journal article - forthcoming
A new dataset to study a century of innovation in Europe and in the US

Innovation is an important driver of potential growth but quantitative evidence on the dynamics of innovative activities in the long-run are hardly documented due to the lack of data, especially in Europe. In this paper,... Read more...

Antonin Bergeaud and Cyril Verluise

04 November 2023

Journal article
The Impact of Regulation on Innovation

We present a framework that can be used to assess the equilibrium impact of regulation on endogenous innovation with heterogeneous firms. We implement this model using French firm-level panel data, where there is a sharp... Read more...

Philippe Aghion, Antonin Bergeaud and John Van Reenen

01 November 2023

Journal article - forthcoming
Telework and productivity: insights from an original survey

Using a unique dataset of approximately 1,400 French manufacturing firms, this study provides insights into their utilization of telework in 2019. Our findings reveal firms that engaged in telework benefit from a Total F... Read more...

Antonin Bergeaud, Gilbert Cette and Simon Drapala

07 May 2023

Blog
The Impact of Regulation on Innovation

Many scholars have been concerned that slower growth in countries with heavy labour regulations could be due to firms' reluctance to innovate given the burden of red tape. Philippe Aghion, Antonin Bergeaud and John Van R... Read more...

Philippe Aghion, Antonin Bergeaud and John Van Reenen

19 April 2023

Journal article
Working from home and corporate real estate

We examine how corporate real estate market participants adjust to the take-off of teleworking. We develop an index for the exposure of counties to teleworking in France by combining teleworking capacity with incentives ... Read more...

Antonin Bergeaud, Jean Benoit Eymeoud, Thomas Garcia and Dorian Henricot

01 March 2023

CentrePiece - The magazine of the Centre for Economic Performance
China at the technological frontier

The technology frontier that was dominated by the United States, Europe and Japan in the early 2000s is now much more polarised between the American and Chinese patent offices. Antonin Bergeaud and Cyril Verluise show th... Read more...

Antonin Bergeaud and Cyril Verluise

21 February 2023

Journal article - forthcoming
Global value chains and domestic innovation

This paper explores how changes in both position and participation in Global Value Chain (GVC) networks affect firm innovation. The analysis combines matched patent-firm data for Japan with measures of GVC network centra... Read more...

Antonin Bergeaud, Chiara Criscuolo, Kenta Ikeuchi, Keiko Ito and Jonathan Timmis

10 January 2023

Journal article
Telework and Productivity Before, During and After the COVID-19 Crisis

We use the data from a Banque de France survey, carried out among French companies about their use of telework in 2019 and during the first lockdown in the spring of 2020. Combining this with detailed information regardi... Read more...

Antonin Bergeaud, Gilbert Cette and Simon Drapala

01 January 2023

Journal article
Recruitment difficulties and firms' characteristics: an analysis of French company data

This article uses a survey conducted in 2019 among companies in the manufacturing sector on recruitment difficulties they may encounter. By linking this information with the companies' income statements, we show that the... Read more...

Antonin Bergeaud, Gilbert Cette and Joffery Stary

01 January 2023

Blog
What is the contribution of China to pushing the technological frontier?

China's technological strength has been increasing since the late 2000s, accounting for a significant share of patents. Antonin Bergeaud and Cyril Verluise show that while China's share of patents is increasing in quanti... Read more...

Antonin Bergeaud and Cyril Verluise

23 November 2022

CEP discussion papers
From public labs to private firms: magnitude and channels of R&D spillovers

Introducing a new measure of scientific proximity between private firms and public research groups and exploiting a multi-billion euro financing program of academic clusters in France, we provide causal evidence of spill... Read more...

Antonin Bergeaud, Arthur Guillouzouic, Emeric Henry and Clement Malgouyres

26 October 2022

CEP discussion papers
Patents that match your standards: firm-level evidence on competition and innovation

When a technology becomes the new standard, the firms that are leaders in producing this technology have a competitive advantage. Matching the semantic content of patents to standards and exploiting the exogenous timing ... Read more...

Antonin Bergeaud, Julia Schmidt and Riccardo Zago

24 October 2022

Blog
Knowledge flows from public labs to private firms

How knowledge spillovers operate between academia and private firms remains an open question. Antonin Bergeaud, Arthur Guillouzouic, Emeric Henry and Clement Malgouyres find strong spillovers through the contracting, mob... Read more...

Antonin Bergeaud, Arthur Guillouzouic, Emeric Henry and Clement Malgouyres

19 October 2022

CEP discussion papers
The rise of China's technological power: the perspective from frontier technologies

We use patent data to study the contribution of the US, Europe, China and Japan to frontier technology using automated patent landscaping. We find that China's contribution to frontier technology has become quantitativel... Read more...

Antonin Bergeaud and Cyril Verluise

14 October 2022

Blog
Ten years on from the business tax reform: how has it affected companies' behaviour?

In 2010, the French corporation tax known as the local economic contribution or CET (contribution economique territoriale) replaced the business tax (TP - taxe professionnelle). This latter tax on production had come und... Read more...

Antonin Bergeaud, Edouard Jousselin and Clement Malgouyres

01 July 2022

CEP discussion papers
A new dataset to study a century of innovation in Europe and in the US

Innovation is an important driver of potential growth but quantitative evidence on the dynamics of innovative activities in the long-run are hardly documented due to the lack of data, especially in Europe. In this paper,... Read more...

Antonin Bergeaud and Cyril Verluise

28 April 2022

Blog
Technological change and outsourcing: an illustration through broadband Internet access in France

The work organisation in companies is increasingly "fragmented" due to the growing use of outsourcing of activities that are not considered as "core business". Outsourcing is the process whereby a company separates itsel... Read more...

Antonin Bergeaud and Clement Mazet-Sonilhac

14 April 2022

CEP discussion papers
Working from home and corporate real estate

We examine how corporate real estate market participants adjust to the take-off of teleworking. We develop an indicator of the exposure of counties to teleworking in France by combining teleworking capacity with incentiv... Read more...

Antonin Bergeaud, Jean Benoit Eymeoud, Thomas Garcia and Dorian Henricot

24 February 2022

Blog
Working from home and corporate real estate

As remote working became more common during Covid-19, Antonin Bergeaud, Jean Benoit Eymeoud, Thomas Garcia and Dorian Henricot examine how corporate real-estate market participants adjusted to the growth of teleworking i... Read more...

Antonin Bergeaud, Jean Benoit Eymeoud, Thomas Garcia and Dorian Henricot

18 January 2022

Blog
By allowing work to be done externally, broadband technology has increased outsourcing

Domestic outsourcing has grown substantially in developed countries over the past two decades. One reason for this is technological change that allows work to be done externally. Antonin Bergeaud, Clement Malgouyres, Cle... Read more...

Antonin Bergeaud, Clement Malgouyres, Clement Mazet-Sonilhac and Sara Signorelli

13 December 2021

CEP discussion papers
Opposing firm-level responses to the China shock: horizontal competition versus vertical relationships

We decompose the "China shock" into two components that induce different adjustments for firms exposed to Chinese exports: a horizontal shock affecting firms selling goods that compete with similar imported Chinese goods... Read more...

Philippe Aghion, Antonin Bergeaud, Matthieu Lequien, Marc J. Melitz and Thomas Zuber

09 August 2021

CEP discussion papers
Technological change and domestic outsourcing

Domestic outsourcing has grown substantially in developed countries over the past two decades. This paper addresses the question of the technological drivers of this phenomenon by studying the impact of the staggered dif... Read more...

Antonin Bergeaud, Clement Malgouyres, Clement Mazet-Sonilhac and Sara Signorelli

28 July 2021

Blog
Regulation chills minor (but not radical) technological innovations

While there is suggestive evidence that regulations may have a stifling effect on innovation, there is as yet no rigorous economic framework to quantify the magnitude of such regulatory effects on innovation and the aggr... Read more...

Philippe Aghion, Antonin Bergeaud and John Van Reenen

01 February 2021

CEP discussion papers
The impact of regulation on innovation

We present a framework that can be used to assess the equilibrium impact of regulation on endogenous innovation with heterogeneous firms. We implement this model using French firm-level panel data where there is a sharp ... Read more...

Philippe Aghion, Antonin Bergeaud and John Van Reenen

18 January 2021

Journal article
Adjustment Costs and Factor Demand: New Evidence from Firms’ Real Estate

We study corporate real estate frictions and their effect on firm dynamics and labour demand. We build and simulate a general equilibrium model with heterogeneous firms that predicts the response of firms to a productivi... Read more...

Antonin Bergeaud and Simon Ray

01 January 2021

CEP discussion papers
The innovation premium to soft skills in low-skilled occupations

Matched employee-employer data from the UK are used to analyze the wage premium to working in an innovative firm. We find that firms that are more R&D intensive pay higher wages on average, and this is particularly true ... Read more...

Philippe Aghion, Antonin Bergeaud, Richard Blundell and Rachel Griffith

06 December 2019

CEP discussion papers
The heterogeneous impact of market size on innovation: evidence from French firm-level exports

We analyze how demand conditions faced by a firm impacts its innovation decisions. To disentangle the direction of causality between innovation and demand conditions, we construct a firm-level export demand shock which r... Read more...

Philippe Aghion, Antonin Bergeaud, Matthieu Lequien and Marc J. Melitz

24 October 2019

CEP discussion papers
The inverted-U relationship between credit access and productivity growth

In this paper we identify two counteracting effects of credit access on productivity growth: on the one hand, better access to credit makes it easier for entrepreneurs to innovate; on the other hand, better credit access... Read more...

Philippe Aghion, Antonin Bergeaud, Gilbert Cette, Rémy Lecat and Hélène Maghin

11 December 2018

CEP discussion papers
Missing growth from creative destruction

Statistical agencies typically impute inflation for disappearing products based on surviving products, which may result in overstated inflation and understated growth. Using U.S. Census data, we apply two ways of assessi... Read more...

Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J. Klenow and Huiyu Li

20 November 2017

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