Results

Journal article

Journal of Political Economy: Macroeconomics:

Innovation and trade policy in a globalized world

What is the role of innovation policy in an open economy and how does it interact with foreign competition? We address this question employing a new innovation-driven growth model with two large open economies at differe...Read more...

Journal article

Review of Economics and Statistics:

A year older, a year wiser (and farther from frontier): invention rents and human capital depreciation

We look at how the arrival of an invention affects wage returns and the probability of moving out of employment for white- and blue-collar co-workers of the inventor. First results suggest that older workers are hurt by ...Read more...

Book

The Economics of Creative Destruction
New Research on Themes from Aghion and Howitt

A stellar cast of economists examines the roles of creative destruction in addressing today’s most important political and social questions. Inequality is rising, growth is stagnant while rents accumulate, the env...Read more...

Journal article

International Economic Review:

2022 Klein Lecture - Parental education and invention: the Finnish enigma

Why is invention strongly positively correlated with parental income not only in the United States but also in Finland, which displays low income inequality and high social mobility? Using data on 1.45 M Finnish individu...Read more...

CentrePiece article

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...

CEP discussion paper

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...

Journal article

Journal of Political Economy Macroeconomics :

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 m...Read more...

CEP discussion paper

The social origins of inventors

In this paper, we merge three datasets - individual income data, patenting data, and IQ data - to analyze the deterninants of an individual?s probability of inventing. We find that: (i) parental income matters even after...Read more...

CEP discussion paper

Tax simplicity and heterogeneous learning

We study the effects of fiscal incentives for self-employment using new French tax data from 1994 to 2012. France serves as a good quasi-laboratory: It has three fiscal regimes - or modes of taxation - for the self-emplo...Read more...

CEP discussion paper

Innovation, reallocation and growth

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovat...Read more...