Bibliography

Published Articles

  • Aghion, P. (1985). On the Generic Inefficiency of Differentiable Market Games, Journal of Economic Theory.
  • Aghion, P. and Bolton, P. (1987). Contracts as a Barrier to Entry, American Economic Review 77(3), 388-401, reprinted in Industrial Economics, Oliver Williamson, ed., Edward Elgar Publishing Limited (1990).
  • Aghion, P. and Bolton P. (1989). The Financial Structure of the Firm and the Problem of Control, European Economic Review.
  • Aghion, P., Dewatripont, M. and Rey P. (1989). On Renegotiation Design, European Economic Review, 34(2/3), 322-329.
  • Aghion, P. and Hermalin, B. (1990). Legal Restrictions on Private Contracts can Enhance Efficiency, Journal of Law, Economics and Organisations.
  • Aghion, P. and Bolton, P. (1990). Government Domestic Debt and the Risk of Default: A Political-Economic Model of the Strategic Role of Debt, published in "Capital Markets and Debt Management", R. Dornbusch and M. Draghi, eds., Cambridge, MA, MIT Press.
  • Aghion, P. and Howitt, P. (1991). Unemployment: A Symptom of Stagnation or a Side-Effect of Growth?, European Economic Review, 35, 535-541.
  • Aghion, P., Bolton, P., Harris, C. and Jullien, B. (1991). Optimal Learning by Experimentation, Review of Economic Studies, 58(4), 621-654.
  • Aghion, P. and Bolton, P. (1992). An Incomplete Contracts Approach to Financial Contracting, Review of Economic Studies, 59(3), 473-494.
  • Aghion, P. and Howitt, P. (1992). A Model of Growth through Creative Destruction, Econometrica, 60(2), 323-351.
  • Aghion, P., Hart, O. and Moore, J. (1992). The Economics of Bankruptcy Reform, Journal of Law, Economics and Organisation, and forthcoming in the NBER volume on Transition in Eastern Europe.
  • Aghion, P. and Bolton, P. (1992). Distribution and Growth in Models of Imperfect Capital Markets, European Economic Review, Papers and Proceedings of the 6th Annual Congress of the European Economic Association, 36(2/3), pp. 603-611.
  • Aghion, P. and Burgess, R. (1992). Financing and Development in Eastern Europe and the Former Soviet Union, Financial Institutions in Europe, CEPR and Cambridge.
  • Aghion, P. (1993). Economic Reform in Eastern Europe: Can Theory Help?, European Economic Review.
  • Aghion, P., Espinoza, M. and Jullien, B. (1993). Dynamic Duopoly with Learning Through Price-Experimentation, Economic Theory.
  • Aghion, P., Dewatripont, M. and Rey, P. (1994). Renegotiation Design With Unverifiable Information, lead article in Econometrica, 62(2), 257-282.
  • Aghion, P. and Howitt, P. (1994). Growth and Unemployment, Review of Economic Studies, 61(3), 477-494.
  • Aghion, P. and Tirole, J. (1994). On the Management of Innovation, Quarterly Journal of Economics.
  • Aghion, P. and Blanchard, O. (1994). On the Speed of Transition in Central Europe, NBER Macro Annuals.
  • Aghion, P., Blanchard, O. and Burgess, R. (1994). The Behaviour of State Firms in Eastern Europe, Pre-Privatisation, European Economic Review (ISOM issue).
  • Aghion, P. and St Paul, G. (1994). Uncovering Some Casual Relationships between Productivity Growth and the Structure of Economic Fluctuations, NBER and Labour.
  • Aghion, P. and Tirole, J. (1994). Opening the Black Box of Innovation, European Economic Review.
  • Aghion, P. and Tirole, J. (1995). Some Implications of Growth for Ownership Structure and Organisational Forms, European Economic Review.
  • Aghion, P. and Howitt, P. (1995). Technical Progress in the Theory of Economic Growth, in Economics in a Changing World: Proceedings of the 10th World Congress of the International Economic Association, 5, Jean-Paul Fitoussi, ed., London, Macmillan, pp. 101-122.
  • Aghion, P. and Howitt, P. (1996). Research and Development in the Growth Process, Journal of Economic Growth, 1, 49-73.
  • Aghion, P. and Howitt, P. (1996). The Observational Implications of Schumpeterian Growth Theory, Empirical Economics, 21, 13-25.
  • Aghion, P. and Blanchard, O. (1996). On Insider Privatisation, European Economic Review.
  • Aghion, P., Harris, C. and Vickers, J. (1997). Competition and Growth with Step-by-Step Innovation; An Example, European Economic Review, 41, 771-782.
  • Aghion, P., Dewatripont, M. and Rey, P. (1997). Corporate Governance, Competition Policy and Industrial Policy, European Economic Review, 41(3-5), 797-805.
  • Aghion, P. and Tirole, J. (1997). Real and Formal Authority in Organizations, lead article in the Journal of Political Economy.
  • Aghion, P. and Bolton, P. (1997). A Theory of Trickle-Down Growth and Development, lead article in the Review of Economic Studies, 64(2), 151-172.
  • Aghion, P. and Howitt, P. (1997). A Schumpeterian Perspective on Growth and Competition, in Advances in Economics and Econometrics, invited lecture to the 7th World Congress of the Econometrics Society, D. Kreps ed.
  • Aghion, P., Blanchard, O. and Carlin, W. (1997). The Economics of Enterprise Restructuring in Central and Eastern Europe, in Property Relations, Incentives and Welfare, J. Roemer ed., McMillan Press and St. Martin's Press.
  • Aghion, P. and Howitt, P. (1997). A Schumpeterian Perspective on Growth and Competition, in Advances in Economics and Econometrics: Theory and Applications, 2, D.M. Kreps and K.F. Wallis, eds., Cambridge University Press, pp. 279-317.
  • Aghion, P. and Howitt, P. (1997). Ajustement macroéconomique aux technologies multi-usage, l’Actualité économique, Revue d’analyse économique, 73, 575-593.
  • Aghion, P., Compte, O. and Jehiel, P. (1998). Bargaining While Searching for Outside Options: A Potential Role for Unions, European Economic Review.
  • Aghion, P. and Howitt, P. (1998). Capital Accumulation and Innovation as Complementary Factors in Long-Run Growth, Journal of Economic Growth, 3, 111-130.
  • Aghion, P. and Howitt, P. (1998). Market Structure and the Growth Process, Review of Economic Dynamics, 1, 276-305.
  • Aghion, P. and Howitt, P. (1998). On the Macroeconomic Effects of Major Technological Change, in General Purpose Technologies and Economic Growth, E. Helpman, ed., Cambridge, MA, MIT Press, pp 121-144.
  • Aghion, P., Dewatripont, M. and Rey, P. (1999). Competition, Financial Discipline, and Growth, Review of Economic Studies, 66(4), 825-852.
  • Aghion, P., Banerjee, A. and Piketty, T. (1999). Dualism and Macroeconomic Volatility, Quarterly Journal of Economics.
  • Aghion, P., Caroli, E. and Garcia-Penalosa, C. (1999). Inequality and Economic Growth: The Perspective of the New Growth Theories, Journal of Economic Literature.
  • Aghion, P., Bolton, P. and Fries, S. (1999). Optimal Design of Bank Bailouts: The Case of Transition Economies, Journal of Institutional and Theoretical Economics.
  • Aghion, P. and Schankerman, M. (1999). Competition, Entry, and the Social Returns to Infrastructure in Transition Economies, Economics of Transition.
  • Aghion, P., Banerjee, A. and Bacchetta, P. (2000). A Simple Model of Monetary Policy and Currency Crises, European Economic Review.
  • Aghion, P., Bolton, P. and Dewatripont, M. (2000). Contagious Bank Failures in a Free Banking System, European Economic Review.
  • Aghion, P., Harris, C., Howitt, P. and Vickers, J. (2001). Competition, Imitation and Growth with Step-by-Step Innovation, Review of Economic Studies, 68(3), 467-492.
  • Aghion, P., Bacchetta, P. and Banerjee, A. (2001). Currency Crises and Monetary Policy in an Economy with Credit Constraints, European Economic Review, ISOM Volume.
  • Aghion, P., Acemoglu, D. and Violante, G.L. (2001). Deunionization, Technical Change and Inequality, Carnegie-Rochester Conference Series on Public Policy, 55, 229-264.
  • Aghion, P. (2002). Schumpeterian Growth Theory and the Dynamics of Income Inequality, Walras-Bowley Lecture, Econometrica.
  • Aghion, P., Howitt, P. and Violante, G. (2002). General Purpose Technologies and Within-group Inequality, Journal of Economic Growth.
  • Aghion, P., Dewatripont, M. and Rey, P. (2002). On Partial Contracting, European Economic Review, Papers and Proceedings.
  • Aghion, P. and Rey, P. (2002). Allocating Decision Rights under Liquidity Constraints: A Simple Framework, in Essays on Incomplete Contracts, Cambridge University Press, E. Brousseau ed.
  • Aghion, P. and Bolton, P. (2003). Incomplete Social Contracts, Journal of the European Economic Association.
  • Aghion, P., Acemoglu, D. and Zilibotti, F. (2003). Vertical Integration and Distance to Frontier, Journal of the European Economic Association, Papers and Proceedings.
  • Aghion, P., Alesina, A. and Trebbi, F. (2004). Endogenous Political Institutions, Quarterly Journal of Economics.
  • Aghion, P., Dewatripont, M. and Rey, P. (2003). Transferable Control, Journal of the European Economic Association.
  • Aghion, P., Bacchetta, P., and Banerjee, A. (2004). A Balance-Sheet Approach to Currency Crises, Journal of Economic Theory.
  • Aghion, P., Bacchetta, P. and Banerjee, A. (2004). Capital Markets and the Instability of Open Economies, Journal of Monetary Economics.
  • Aghion, P. and Schankerman, M. (2004). A Model of the Private and Social Returns to Market-Enhancing Infrastructure, Economic Journal.
  • Aghion, P., Bolton, P. and Tirole, J. (2004). Exit Options in Corporate Finance: Liquidity versus Incentives, Review of Finance.
  • Aghion, P., Howitt, P. and Mayer, D. (2005). The Effect of Financial Development on Convergence, Quarterly Journal of Economics.
  • Aghion, P., Bloom, N., Blundell, R., Griffith, R. and Howitt, P. (2005). Competition and Innovation: An Inverted U Relationship, Quarterly Journal of Economics.
  • Acemoglu, D., Aghion, P. and Zilibotti, F. (2006). Distance to Frontier, Selection, and Economic Growth, Journal of the European Economic Association.
  • Aghion, P. and Howitt, P. (2006). Appropriate Growth Policy, Schumpeter Lecture, Journal of the European Economic Association.
  • Aghion, P., Griffith, R. and Howitt, P. (2006). Competition and Vertical Integration, American Economic Review, Papers and Proceedings.
  • Aghion, P., Meghir, C. and Vandenbussche, J. (2006). Distance to Frontier, Growth, and the Composition of Human Capital, Journal of Economic Growth.
  • Aghion, P., Alesina, A. and Trebbi, F. (2007). Choosing Electoral Rules: Theory and Evidence from US Cities, Quarterly Journal of Economics.
  • Aghion, P. and Stein, J. (2007). Growth versus Profit Maximizing Strategies over the Cycle: Giving the Market What It Wants, Journal of Finance.
  • Acemoglu, D., Aghion, P., Lelarge, C., Van Reenen, J. and Zilibotti, F. (2007). Technology, Information, and the Decentralization of the Firm, Quarterly Journal of Economics.
  • Aghion, P., Antras, P. and Helpman, E. (2007). Negotiating Free Trade, Journal of International Economics.
  • Aghion, P., Fally, T., and Scarpetta, S. (2007). Credit Constraints as a Barrier to the Entry and Post Entry Growth of Firms: Theory and Evidence, Economic Policy.
  • Aghion, P. and Marinescu, I. (2007). Productivity Growth and Countercyclical Budgetary Policy: What Do We Learn from OECD Panel Data?, NBER Macroeconomic Annual.
  • Aghion, P., Blundell, R., Griffith, R., Howitt, P. and Prantl, S. (2007). Entry, Innovation, and Growth: Theory and Evidence, forthcoming in the Review of Economics and Statistics.
  • Aghion, P., Alesina, A., and Trebbi, F. (2007). Democracy, Technology, and Growth, forthcoming in Institutions and Economic Performance, Helpman E., ed., Harvard University Press.
  • Aghion, P., Burgess, R., Redding, S. and Zilibotti, F. (2008). The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India, American Economic Review, 94(4), 1397-1412.
  • Aghion, P., Dewatripont, M. and Stein, J. (2009). Acedemic Freedom, Private Sector Focus, and the Process of Innovation, Rand Journal of Economics.
  • Acemoglu, D., Aghion, P., Griffith, R. and Zilibotti, F. (2009). Vertical Integration and Technology: Theory and Evidence, Journal of the European Economic Association.
  • Aghion, P., Bacchetta, P., Ranciere, R. and Rogoff, K. (2009). Exchange Rate Regimes and Productivity Growth, Journal of Monetary Economics.
  • Aghion, P., Algan, Y., Cahuc, P. and Shleifer, A. (2010). Distrust and Regulation, Quarterly Journal of Economics.
  • Aghion, P., Dewatripont, M., Hoxby, C., Mas-Colell, A. and Sapir, A. (2010). Governance and Peformance of Universities, Economic Policy.
  • Aghion, P., Angeletos, M., Banerjee, A. and Manova, K. (2011). Volatility and Growth: Financial Development and the Cyclical Composition of Investment, Journal of Monetary Economics.
  • Aghion, P., Algan, Y. and Cahuc, P. (2011). Civil Society and the State: The Interplay Between Cooperation and Minimum Wage Regulation, Journal of the European Economic Association.
  • Aghion, P. and Holden, R. (2011). Incomplete Contracts and the Theory of the Firm: What Have We Learned Over the Past 25 Years?, Journal of Economic Perspectives.
  • Aghion, P., Howitt, P. and Murtin, F. (2011). The Relationship Between Health and Growth: When Lucas Meets Nelson-Phelps, Institutional Economics.
  • Acemoglu D, Aghion, P., Bursztyn, L. and Hemous, D. (2012). The Environment and Directed Technical Change, American Economic Review (February Issue).
  • Aghion, P., Fudenberg, D., Holden, R., Kunimoto, T. and Tercieux, O. (2012). Subgame Perfect implementation With Informational Perturbations, Quarterly Journal of Economics 127: 1843-1881.
  • Aghion, P., Askenazy, P., Berman, N., Cette, G. and Eymard, L. (2013). Credit Constraints and the Cyclicality of R&D Investments: Evidence from France, Journal of the European Economic Association.
  • Aghion, P., Van Reenen, J. and Zingales, L. (2013). Innovation and Institutional Ownership, American Economic Review.
  • Aghion, P., Howitt, P. and Prantl, S. (2013). Revisiting the Relationship Between Competition, Patenting and Innovation, Advances in Economic Theory, Econometric Society World Congress.
  • Aghion, P., Akcigit, U., and Howitt, P. (2013)., What Do We Learn From Schumpeterian Growth Theory?, Handbook of Economic Growth.
  • Aghion, P., Hemous, D. and Kharroubi, E. (2014). Credit Constraints, Cyclical Fiscal Policy and Industry Growth, Journal of Monetary Economics.
  • Aghion, P., Bloom, N., and Van Reenen, J. (2014). Incomplete Contracts and the Internal Organization of Firms, Journal of Law, Economics, and Organizations.
  • Aghion, P., Dewatripont, M., Du L., Harrison, A., and Legros, P. (2014). Industrial Policy and Competition, forthcoming in the American Economic Journal.
  • Aghion, P., Howitt, P., Prantl and S. (2014). Patent Rights, Product Market Reforms and Innovation, forthcoming in the Journal of Economic Growth.
  • Aghion, P., Dechezlepretre, A., Hemous, D., Martin, R., and Van Reenen J. (2014). Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry, forthcoming in the Journal of Political Economy.
  • Murray, F., Aghion, P., Dewatripont, M., Kolev, J., and Stern, S. (2014). Of Mice and Academics: Examining the Effect of Openness on Innovation, forthcoming in the American Economic Journal.

Books

  • Aghion, P. and Howitt, P. (1998) Endogenous Growth Theory. Cambridge, MA: MIT Press.
  • Aghion, P. and Williamson, J. (1999) Inequality, Growth, and Globalization – Theory. History and Policy. Raffaele Mattioli Memorial Lecture, Cambridge University Press.
  • Aghion, P., Bertola, G., Hellwig, M., Pisani-Ferry, J., Sapir, A., Vinals, J., and Wallace, H. (2003) An Agenda for a Growing Europe: The Sapir Report. Oxford University Press.
  • Aghion, P. and Cohen, E. (2004) Education et Croissance. La Documentation Française.
  • Aghion, P. and Banerjee, A. (2005) Volatility and Growth. Clarendon Lectures, Oxford University Press.
  • Aghion, P. and Griffith, R. (2005) Competition and Growth. Zeuthen Lectures, MIT Press.
  • Aghion, P. and Durlauf, S. (2005) Handbook of Economic Growth. North-Holland: Elsevier.
  • Aghion, P. and Howitt, P. (2009) The Economics of Growth. MIT Press.
  • Aghion, P and Roulet, A. (2011) Repenser l’État. Seuil.
  • Aghion, P. and Durlauf, S. (2013) Handbook of Economic Growth. Volume II, North-Holland: Elsevier.
  • Aghion, P., Cette, G., and Cohen, E. (2014) Changer de modèle. Odile Jacob
  • Aghion, P. and Roulet, A. (2014) Croissance et innovation : le paradigme schumpeterien. La Découverte.

Articles in revision

  • Aghion, P. and Piketty, T. (1994) Social Mobility and Corporate Development, under revision for the Journal of Political Economy.
  • Aghion, P., Bolton, P. and Fries, S. (1998) Financial Restructuring in Transition Economies, EBRD Working Paper #32 and under revision for the Journal of Finance.

Working Papers

  • Aghion, P., Boustan, L., Hoxby, C. and Vandenbussche, J. (2005). Exploiting States’ Mistakes to Identify the Causal Impact of Higher Education on Growth, Mimeo Harvard.
  • Aghion, P., Farhi, E., and Kharroubi, E. (2013). Monetary Policy, Liquidity and Growth, mimeo Harvard and NBER Working Paper.
  • Aghion, P., Jaravel, X., Persson, T., and Rouzet, D. (2013). Education and Military Rivalry, mimeo Harvard and IIES, Stockholm and NBER Working Paper.
  • Aghion, P., Akcigit, U., and Fernandez-Villaverde J. (2013). Capital vs Labor Taxation with Innovation-Led Growth, mimeo Harvard and NBER Working Paper.
  • Aghion, P., Fehr, E., Holden, R., and Wilkening, T. (2013). Subgame Perfect Implementation Under Approximate Common Knowledge: Evidence from a Laboratory Experiment, mimeo Harvard and NBER Working Paper.
  • Aghion, P., Akcigit, U., Deaton, A., and Roulet, A. (2014). Creative Destruction and Subjective Well Being, mimeo Harvard.
  • Aghion, P., and Jackson, M. (2014). Inducing Leaders to Take Risky Decisions: Dismissal, Tenure, and Term Limits, mimeo Harvard.
  • Aghion, P., Bechtold, S., Cassar, L., and Herz, H. (2014). The Effect of Competition on Innovation: Experimental Evidence, mimeo Harvard.
  • Aghion, P., Bloom, N., Sadun, R., and Van Reenen, J. (2014). Need Waste a Good Crisis? Growth and Decentralization in the Great Recession, mimeo Harvard.
  • Aghion, P., Akcigit, U., Bergeaud, A., Blundell, R., and Hemous, D. (2015). Innovation and Top Income Inequality.
  • Aghion, P., Akcigit, U., and Toivanen, O. (2015). Living the American Dream in Finland: The Social Mobility of Innovators.