CEP | People | Giammario Impullitti

Biography

Professor Giammario Impullitti is a Professor of Economics at the School of Economics of the University of Nottingham. Before joining Nottingham he was an assistant professor at Cambridge University and IMT Lucca, and a Max Weber post-doctoral fellow at the European University Institute in Florence. He is currently a research Fellow at CEPR, CEP London School of Economics, CESifo Munich and Centro D'Agliano Milano.

Current areas of research include:

Globalisation and growth: trade and technological change; innovation policy in open economy; international cooperation in innovation policy
Globalisation and market power: trade and markups; trade and concentration; trade theory under oligopoly
Innovation policy and growth: macro modelling of innovation policy; short and long run impact; growth and business cycle; heterogeneous firms

Publications

CEP discussion papers

Globalization and market power

Economic theory suggests that the markup is a key measure of market power and that its relationship with trade is rich and complex. Trade liberalisation can reduce markups via a decline in the residual domestic demand bu... Read more...

Giammario Impullitti and Syed Kazmi

26 August 2022

Journal article

Credit constraints, selection and productivity growth

This paper presents a tractable model of innovation and growth with firm heterogeneity and financial frictions. The model is used to uncover new mechanisms linking access to credit and productivity growth, highlighting t... Read more...

Giammario Impullitti

01 June 2022

Journal article

Technology, market structure and the gains from trade

We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation. Our key finding is that a trade-induced increase in market concentration can be an important source of the gain... Read more...

Giammario Impullitti, Omar Licandro and Pontus Rendahl

01 March 2022

Journal article

Demand-Driven Technical Change and Productivity Growth: Theory and Evidence from the Energy Policy Act

We present novel evidence on the effect of market size on technology adoption and productivity. Our tests exploit a natural experiment in the U.S. corn industry where changes to national energy policy created exogenous i... Read more...

Giammario Impullitti, Richard Kneller and Danny McGowan

01 June 2020

CEP discussion papers

Innovation union: costs and benefits of innovation policy coordination

We build a two-region endogenous growth model to analyse the gains from innovation policy cooperation in an economic union. The model is calibrated to two blocks of the EU: the old and new members. R&D subsidy coordinati... Read more...

Fabrice Defever, Giammario Impullitti, Teodora Borota Milicevic and Adam Hal Spencer

02 August 2019

Journal article

Globalization and state capitalism: Assessing Vietnam's accession to the WTO

What do state-owned enterprises (SOEs) do? How do they respond to market incentives? Can we expect substantial efficiency gains from trade liberalization in economies with a strong presence of SOEs? Using a new dataset o... Read more...

Leonardo Baccini, Giammario Impullitti and Edmund J. Malesky

01 July 2019

CentrePiece - The magazine of the Centre for Economic Performance

When innovation policy trumped protectionism: the Reagan years

Giammario Impullitti and colleagues show that it was the Reagan administration's innovation policy - not a retreat from globalisation - that promoted US growth.... Read more...

Ufuk Akcigit, Sina T. Ates and Giammario Impullitti

01 March 2019

CEP discussion papers

Globalization and state capitalism: assessing Vietnam's accession to the WTO

Leonardo Baccini, Giammario Impullitti and Edmund J. Malesky

10 January 2019

CEP discussion papers

Innovation and trade policy in a globalized world

How do import tariffs and R&D subsidies help domestic firms compete globally? How do these policies affect aggregate growth and economic welfare? To answer these questions we build a dynamic general equilibrium growth mo... Read more...

Ufuk Akcigit, Sina T. Ates and Giammario Impullitti

14 December 2018

CEP discussion papers

Technology, market structure and the gains from trade

We study the gains from trade in a new model with oligopolistic competition, firm heterogeneity, and innovation. Lowering trade costs reduces markups on domestic sales but increases markups on export sales, as firms do n... Read more...

Giammario Impullitti, Omar Licandro and Pontus Rendahl

11 December 2018

Journal article

Firm dynamics and residual inequality in open economies

Wage inequality between similar workers has been on the rise in many rich countries. Recent empirical research suggests that heterogeneity in firm characteristics is crucial to understand wage dispersion. Lower trade cos... Read more...

Gabriel Felbermayr, Giammario Impullitti and Julien Prat

01 October 2018

Journal article

Trade, Firm Selection and Innovation: The Competition Channel

We study the welfare gains from trade in an economy with heterogeneous firms, variable markups and endogenous growth. Variable markups arise from oligopolistic competition, and cost-reducing innovation is the engine of l... Read more...

Giammario Impullitti and Omar Licandro

01 February 2018