My Citations
Scholar Home
  Advanced Scholar Search



Scholar      Create email alertResults 1 - 100 of about 273. (0.32 sec) 

A model of growth through creative destruction

[PDF] from ucl.ac.uk
P Aghion, P Howitt - 1990 - nber.org
This paper develops a model based on Schumpeter's process of creative destruction. It
departs from existing models of endogenous growth in emphasizing obsolescence of old
technologies induced by the accumulation of knowledge and the resulting process or ...
Cited by 5558 - Related articles - Library Search - All 32 versions

[BOOK] Endogenous growth theory

[PDF] from fordham.edu
P Aghion, P Howitt… - 1998 - books.google.com
Advanced economies have experienced a tremendous increase in material well-being since
the industrial revolution. Modern innovations such as personal computers, laser surgery, jet
airplanes, and satellite communication have made us rich and transformed the way we ...
Cited by 5212 - Related articles - Get it from MIT Libraries - Library Search - All 19 versions

Competition and innovation: An inverted U relationship

[PDF] from oxfordjournals.org
P Aghion, N Bloom, R Blundell, R Griffith… - 2002 - nber.org
This paper investigates the relationship between product market competition (PMC) and
innovation. A growth model is developed in which competition may increase the incremental
profit from innovating; on the other hand, competition may also reduce innovation ...
Cited by 1432 - Related articles - Library Search - BL Direct - All 65 versions

Competition, imitation and growth with step‐by‐step innovation

[PDF] from brown.edu
Full text - MIT Libraries
P Aghion, C Harris, P Howitt… - Review of Economic …, 2001 - Wiley Online Library
Is more intense product market competition and imitation good or bad for growth? This
question is addressed in the context of an endogenous growth model with “step-by-step”
innovations, in which technological laggards must first catch up with the leading-edge ...
Cited by 613 - Related articles - BL Direct - All 27 versions

Growth and unemployment

Full text - MIT Libraries
P Aghion, P Howitt - The Review of Economic Studies, 1994 - restud.oxfordjournals.org
Abstract This paper analyses the effects of growth on long-run unemployment using a
search model of equilibrium unemployment where growth arises explicitly from the
introduction of new technologies that require labour reallocation for their implementation.
Cited by 593 - Related articles - BL Direct - All 11 versions

Steady Endogenous Growth with Population and R. & D. Inputs Growing

Full text - MIT Libraries
P Howitt - Journal of Political Economy, 1999 - JSTOR
This paper presents a Schumpeterian endogenous growth model in which a steady state
exists with a constant growth rate even though population and the inputs to R. & D. are
growing. The scale effect of rising population is nullified by product proliferation that ...
Cited by 480 - Related articles - Library Search - BL Direct - All 7 versions

The effect of financial development on convergence: Theory and evidence

[PDF] from oxfordjournals.org
P Aghion, P Howitt… - 2004 - nber.org
We introduce imperfect creditor protection in a multi-country version of Schumpeterian
growth theory with technology transfer. The theory predicts that the growth rate of any
country with more than some critical level of financial development will converge to the ...
Cited by 436 - Related articles - Library Search - BL Direct - All 51 versions

Joseph schumpeter lecture appropriate growth policy: A unifying framework

[PDF] from ucl.ac.uk
Full text - MIT Libraries
P Aghion, P Howitt - Journal of the European Economic …, 2006 - Wiley Online Library
Abstract In this lecture, we use Schumpeterian growth theory, where growth comes from
quality-improving innovations, to elaborate a theory of growth policy and to explain the
growth gap between Europe and the US. Our theoretical apparatus systematizes the case- ...
Cited by 433 - Related articles - BL Direct - All 37 versions

Endogenous growth and cross-country income differences

[PDF] from psu.edu
P Howitt - American Economic Review, 2000 - JSTOR
A multicountry Schumpeterian growth model is constructed. Because of technology transfer,
R&D-performing countries converge to parallel growth paths; other countries stagnate. A
parameter change that would have raised a country's growth rate in standard ...
Cited by 393 - Related articles - Get it from MIT Libraries - BL Direct - All 19 versions

The economics of growth

[PDF] from ucl.ac.uk
P Aghion, P Howitt - 2009 - discovery.ucl.ac.uk
This comprehensive introduction to economic growth presents the main facts and puzzles
about growth, proposes simple methods and models needed to explain these facts,
acquaints the reader with the most recent theoretical and empirical developments, and ...
Cited by 244 - Related articles - Library Search - All 18 versions

Credit rationing and implicit contract theory

Full text - MIT Libraries
J Fried… - Journal of Money, Credit and Banking, 1980 - JSTOR
THE RECENT SURVEY by Baltensperger [S] shows that the question of why bankers
undertake nonprice rationing of credit is still very much unanswered. Previous attempts to
address the question have ended up merely assuming the answer. For example, the ...
Cited by 170 - Related articles - All 6 versions

Animal spirits

[PDF] from brown.edu
P Howitt… - The American Economic Review, 1992 - JSTOR
This paper constructs a stationary rational-expectations equilibrium in which an extraneous
random variable, called animal spirits, causes fluctuations in unemployment. The model
assumes costly matching in the labor market and a thin-market externality in the output ...
Cited by 163 - Related articles - Get it from MIT Libraries - All 15 versions

Research and development in the growth process

Full text - MIT Libraries
P Aghion, P Howitt - Journal of Economic Growth, 1996 - Springer
This paper introduces into Schumpeterian growth theory an important element of
heterogeneity in the structure of innovative activity—namely, the distinction between
research and development. We construct a simple model of growth to investigate how the ...
Cited by 161 - Related articles - Library Search - All 10 versions

Capital accumulation and innovation as complementary factors in long-run growth

Full text - MIT Libraries
P Howitt, P Aghion - Journal of Economic Growth, 1998 - Springer
We study capital accumulation and innovation as determinants of long-run growth by adding
capital to our earlier model of creative destruction. No special functional forms are imposed
on the aggregate production function. The equations describing perfect foresight ...
Cited by 161 - Related articles - BL Direct - All 13 versions

The effects of entry on incumbent innovation and productivity

[PDF] from ucl.ac.uk
Full text - MIT Libraries
P Aghion, R Blundell, R Griffith, P Howitt… - The Review of …, 2009 - MIT Press
Abstract How does firm entry affect innovation incentives in incumbent firms? Microdata
suggest that there is heterogeneity across industries. Specifically, incumbent productivity
growth and patenting is positively correlated with lagged greenfield foreign firm entry in ...
Cited by 153 - Related articles - All 18 versions

Growth with quality-improving innovations: an integrated framework

[PDF] from harvard.edu
P Aghion, P Howitt - Handbook of economic growth, 2005 - Elsevier
Abstract In this chapter we argue that the endogenous growth model with quality-improving
innovations provides a framework for analyzing the determinants of long-run growth and
convergence that is versatile, simple and empirically useful. Versatile, as the same ...
Cited by 136 - Related articles - All 20 versions

The effects of entry on incumbent innovation and productivity

[PDF] from ucl.ac.uk
P Aghion, R Blundell, R Griffith, P Howitt… - 2006 - nber.org
How does firm entry affect innovation incentives and productivity growth in incumbent firms?
Micro-data suggests that there is heterogeneity across industries--incumbents in
technologically advanced industries react positively to foreign firm entry, but not in laggard ...
Cited by 135 - Related articles - Library Search - BL Direct - All 27 versions

R&D, implementation, and stagnation: A Schumpeterian theory of convergence clubs

[PDF] from cide.edu
P Howitt… - Journal of Money, Credit and Banking, 2005 - JSTOR
We use Schumpeterian growth theory to account for the divergence in per-capita income
that has taken place between countries since the mid-19th Century, as well as for the
convergence that took place amongst the richest countries during the second half of the ...
Cited by 131 - Related articles - Get it from MIT Libraries - All 16 versions

General purpose technology and wage inequality

[PDF] from nyu.edu
Full text - MIT Libraries
P Aghion, P Howitt… - Journal of Economic Growth, 2002 - Springer
The recent changes in the US wage structure are often linked to the new wave of capital-
embodied information technologies. The existing literature has emphasized either the
accelerated pace or the skill-bias of embodied technical progress as the driving force ...
Cited by 125 - Related articles - BL Direct - All 14 versions

Looking inside the labor market: a review article

[PDF] from brown.edu
Full text - MIT Libraries
P Howitt - Journal of economic literature, 2002 - JSTOR
1. Introduction Whhen UNEMPLOYED WORKERS are available, why don't firms cut wages
until the excess supply is eliminated, as would happen in the ideal markets depicted by
conventional economic theory? This question has been central to the great ...
Cited by 123 - Related articles - BL Direct - All 15 versions

Entry and productivity growth: Evidence from microlevel panel data

[PDF] from ucl.ac.uk
Full text - MIT Libraries
P Aghion, R Blundell, R Griffith… - Journal of the …, 2004 - Wiley Online Library
Abstract How does entry affect productivity growth of incumbents? In this paper we exploit
policy reforms in the United Kingdom that changed entry conditions by opening up the UK
economy during the 1980s and panel data on British establishments to shed light on this ...
Cited by 122 - Related articles - BL Direct - All 18 versions

Accounting for Trends in Productivity and R&D: A Schumpeterian Critique of Semi‐Endogenous Growth Theory

[PDF] from brown.edu
Full text - MIT Libraries
J Ha, P Howitt - Journal of Money, Credit and Banking, 2007 - Wiley Online Library
This paper argues that long-run trends in R&D and TFP are more supportive of fully
endogenous “Schumpeterian” growth theory than they are of semi-endogenous growth
theory. The distinctive prediction of semi-endogenous theory that sustained TFP growth ...
Cited by 120 - Related articles - BL Direct - All 10 versions

Costly search and recruiting

[PDF] from mcafee.cc
Full text - MIT Libraries
P Howitt… - International Economic Review, 1987 - JSTOR
This paper provides a simple model of market exchange, which, while stylized, possesses
constructs that can plausibly be interpreted in terms of a typical labor market. The process of
hiring a worker involves frictions, and both workers and firms may expend effort to ...
Cited by 100 - Related articles - All 9 versions

Transaction costs in the theory of unemployment

Full text - MIT Libraries
P Howitt - The American Economic Review, 1985 - JSTOR
This paper addresses the problem of accounting theoretically for the persistence of large-
scale unemployment. It briefly reviews some of the well-known shortcomings of the
Keynesian account based upon sticky wages and prices and upon Robert Clower's (1965) ...
Cited by 100 - Related articles - Library Search - All 5 versions

The emergence of economic organization

[PDF] from clevelandfed.org
Full text - MIT Libraries
P Howitt… - Journal of Economic Behavior & Organization, 2000 - Elsevier
A model of decentralized markets is studied, in which transactors follow simple adaptive
rules. Transactions are coordinated by specialist trading firms that bear the costs of market
disequilibrium. Starting from an initially autarkic situation in which none of the institutions ...
Cited by 100 - Related articles - All 29 versions

When does domestic saving matter for economic growth?

[PDF] from ucl.ac.uk
P Aghion, D Comin… - 2006 - nber.org
Can a country grow faster by saving more? We address this question both theoretically and
empirically. In our model, growth results from innovations that allow local sectors to catch up
with the frontier technology. In relatively poor countries, catching up with the frontier ...
Cited by 98 - Related articles - Library Search - BL Direct - All 78 versions

On the macroeconomic effects of major technological change

[PDF] from samfunnsforskning.no
P Aghion, P Howitt - Annales d'Economie et de Statistique, 1998 - JSTOR
This paper analyses how a General Purpose Technology (GPT) diffuses throughout the
various sectors of an economy. The model outlined in this paper can account for a number of
empirical observations: in particular, the existence of delays followed by acceleration ...
Cited by 92 - Related articles - Get it from MIT Libraries - Library Search - BL Direct - All 20 versions

Stability of equilibria with externalities

[PDF] from oxfordjournals.org
Full text - MIT Libraries
P Howitt… - The Quarterly Journal of Economics, 1988 - qje.oxfordjournals.org
Abstract It is shown that, in a class of models with multiple externalities (one positive and
one negative), all stationary equilibria may be locally stable to perturbations, in the sense
that there exist perfect foresight trajectories leading back to the equilibrium. Thus, scale ...
Cited by 89 - Related articles - All 6 versions

A Schumpeterian perspective on growth and competition

P Aghion, P Howitt - ECONOMETRIC SOCIETY …, 1997 - books.google.com
The revival of growth theory in the 1980s was originally stimulated by" technical progress
within economics"-by the development of new tools for handling old ideas. The neoclassical
models of the 1960s had already shown that growth in per capita income was sustainable ...
Cited by 79 - Related articles - BL Direct - All 6 versions

R&D, implementation and stagnation: A Schumpeterian theory of convergence clubs

[PDF] from ifw-kiel.de
P Howitt… - 2002 - nber.org
We construct a Schumpeterian growth theory consistent with the divergence in per-capita
income that has occurred between countries since the mid 19th Century, and with the
convergence that occurred between the richest countries during the second half of the ...
Cited by 73 - Related articles - Library Search - BL Direct - All 13 versions

Interest rate control and nonconvergence to rational expectations

[PDF] from brown.edu
P Howitt - Journal of Political Economy, 1992 - JSTOR
This paper investigates the feasibility of a monetary policy aimed at pegging the nominal
rate of interest. It shows that under general conditions such a policy would produce the well-
known cumulative process, despite the fact that there exists a well-behaved rational ...
Cited by 73 - Related articles - Get it from MIT Libraries - All 12 versions

Measurement, obsolescence, and general purpose technologies

P Howitt - General purpose technologies and economic growth, 1998 - books.google.com
The introduction of a new general purpose technology often brings with it an accelerated
pace of technological change, as a result of the dynamic complementarities and scope for
improvement that Lipsey, Bekar, and Carlaw (chapter 2) have identified as two of the ...
Cited by 74 - Related articles - Library Search

[CITATION] On some problems in measuring knowledge-based growth

P Howitt… - 1996 - Canadian Institute for Advanced …
Cited by 73 - Related articles - Get it from MIT Libraries - Library Search

Business cycles with costly search and recruiting

[PDF] from oxfordjournals.org
Full text - MIT Libraries
P Howitt - The Quarterly Journal of Economics, 1988 - qje.oxfordjournals.org
Abstract A business cycle model is developed in which output is traded on Lucas-Phelps
islands and labor services on each island are exchanged through costly search and
recruiting with transactions externalities. The model exhibits persistent involuntary ...
Cited by 68 - Related articles - Library Search - All 6 versions

Beyond DSGE models: toward an empirically based macroeconomics

[PDF] from middlebury.edu
Full text - MIT Libraries
D Colander, P Howitt, A Kirman… - The American Economic …, 2008 - JSTOR
There has, for some time, been a strong under? current of opposition to modern
macroeconomic models which, in their latest incarnation, have coalesced around dynamic
stochastic general equilibrium models. Critics ask: how can mod? els that assume away ...
Cited by 74 - Related articles - BL Direct - All 29 versions

The transactions theory of the demand for money: a reconsideration

[PDF] from csueastbay.edu
RW Clower… - The Journal of Political Economy, 1978 - JSTOR
Page 1. The Transactions Theory of the Demand for Money: A Reconsideration
Robert W. Clower University of California, Los Angeles Peter W. Howitt University
of Western Ontario This paper deals with a class of models of ...
Cited by 64 - Related articles - Get it from MIT Libraries - All 8 versions

The effects of inflation on real interest rates

[PDF] from hi.is
Full text - MIT Libraries
J Fried… - The American Economic Review, 1983 - JSTOR
One of the most obvious facts of recent monetary history is that high inflation is associated
with high nominal interest rates. This association has been interpreted by many as
supporting a superneutrality hypothesis: that an increase in inflation will not affect real ...
Cited by 63 - Related articles - All 7 versions

[CITATION] Endogenous growth

P Aghion, P Howitt - 1998 - discovery.ucl.ac.uk
UCL logo UCL Discovery. UCL home » Library Services » Electronic resources » UCL
Discovery. Enter your search terms. Everything Everything [Searches all fields, including
full text] Author Author [Enter author as on the published work. ...
Cited by 62 - Related articles - Cached - Get it from MIT Libraries - All 2 versions

BEYOND SEARCH: FIAT MONEY IN ORGANIZED EXCHANGE*

[PDF] from psu.edu
Full text - MIT Libraries
P Howitt - International Economic Review, 2005 - Wiley Online Library
A model of fiat money is constructed in which spatial separation and the logistics of
communication are made explicit as in search theory, but exchange is organized by profit-
seeking business enterprises as in all market economies. Firms mitigate search costs by ...
Cited by 61 - Related articles - All 40 versions

[CITATION] Zero inflation as a long-term target for monetary policy

P Howitt - Zero Inflation: The Goal of Price Stability, 1990
Cited by 60 - Related articles

Health, human capital and economic growth: A Schumpeterian perspective

[PDF] from brown.edu
P Howitt - Health and economic growth: findings and policy …, 2005 - books.google.com
At the start of the twenty-first century, the gap in living standards between rich and poor
nations is large and rising. The developing world suffers persistent poverty, while the
developed world enjoys growing prosperity. According to Maddison (2001) the ratio of per ...
Cited by 58 - Related articles - All 5 versions

[CITATION] Endogenous economic growth

P Aghion, P Howitt - Cambridge (Mass.), 1998
Cited by 49 - Related articles

Market structure and the growth process

Full text - MIT Libraries
P Aghion, P Howitt - Review of Economic Dynamics, 1998 - Elsevier
Recent empirical work has pointed to apositivecorrelation betweenproduct market
competitionandproductivity growth. In this lecture we try to reconcile this evidence with the
Schumpterian growth paradigm. Three alternative explanations are successively ...
Cited by 48 - Related articles - BL Direct - All 12 versions

[BOOK] The Keynesian recovery and other essays

P Howitt - 1990 - books.google.com
CONTENTS Preface and Acknowledgements ix 1 Introduction: Prices and Coordination in Keynesian
Economics 1 PART I THE EVOLUTION OF MACROECONOMIC THEORY 25 2 Evaluating the
Non-market-clearing approach 21 3 Information and Coordination: A Review Article 32 4 ...
Cited by 46 - Related articles - Get it from MIT Libraries - Library Search - All 4 versions

Wage inequality and the new economy

Full text - MIT Libraries
P Aghion, P Howitt - Oxford Review of Economic Policy, 2002 - Oxford Univ Press
Abstract Many economists have argued that the observed increase in wage inequality in
developed economies over the past 30 years is due to skill‐biased technical progress. In
this paper we put forward a somewhat different technology‐based argument, namely that ...
Cited by 44 - Related articles - BL Direct - All 10 versions

[CITATION] The implications of knowledge-based growth for micro-economic policies

P Howitt - 1996 - Univ of Calgary Pr
Cited by 42 - Related articles - Get it from MIT Libraries - Library Search

The Keynesian Recovery

P Howitt - Canadian Journal of Economics, 1986 - JSTOR
Although modern macro-economic analysis has almost immortalized Keynes's IS-LM
framework, it has largely ignored the central message of the General Theory. This is
attributable, at least in part, to Keynes's failure to provide a clear concept of market ...
Cited by 40 - Related articles - Get it from MIT Libraries - All 5 versions

Stability and the quantity theory

Full text - MIT Libraries
PW Howitt - The Journal of Political Economy, 1974 - JSTOR
Page 1. Stability and the Quantity Theory PW Howitt Northwestern University and
University of Western Ontario This paper presents a method for analyzing the
microdynamics of monetary exchange. The central feature of the ...
Cited by 38 - Related articles - All 5 versions

Money illusion

P Howitt - Money. New York, London: Norton, 1989 - books.google.com
The term money illusion is commonly used to describe any failure to distinguish monetary
from real magnitudes. It seems to have been coined by Irving Fisher, who defined it as'
failure to perceive that the dollar, or any other unit of money, expands or shrinks in value'( ...
Cited by 34 - Related articles - All 2 versions

The political economy of inaction

Full text - MIT Libraries
P Howitt… - Journal of Public Economics, 1995 - Elsevier
This paper develops a simple model of political inaction in a two-party democracy, ie it
shows the conditions under which both parties will prefer to live with an unsatisfactory and
inefficient status quo rather than to raise an issue. The risk of raising the issue to either ...
Cited by 33 - Related articles - All 6 versions

[CITATION] Monetary policy in transition: a study of Bank of Canada policy, 1982-85

P Howitt… - 1986 - getcited.org
An academic directory and search engine.
Cited by 33 - Related articles - Cached - Get it from MIT Libraries - Library Search

The relationship between health and growth: when Lucas meets Nelson-Phelps

[PDF] from uw.edu.pl
P Aghion, P Howitt… - 2010 - nber.org
This paper revisits the relationship between health and growth in light of modern
endogenous growth theory. We propose a unified framework that encompasses the growth
effects of both the rate of improvement of health and the level of health. Based on cross- ...
Cited by 35 - Related articles - Library Search - All 27 versions

Activist monetary policy under rational expectations

P Howitt - The Journal of Political Economy, 1981 - JSTOR
The purpose of this paper is to argue that the pursuit of an activist monetary policy may make
economic sense even when people's expectations are formed rationally. The paper presents
a simple model in which (1) prices are costly to adjust,(2) there is uncertainty concerning ...
Cited by 32 - Related articles - Get it from MIT Libraries - Library Search - All 5 versions

Gradual reforms of capital income taxation

P Howitt… - The American economic review, 1989 - JSTOR
This paper analyzes the intertemporal allocation effects of anticipated tax-rate changes,
reconsidering the recommendations of the Meade Committee in a perfect foresight general
equilibrium model of economic growth. We show that the R-base (or consumption) tax can ...
Cited by 32 - Related articles - Get it from MIT Libraries - All 7 versions

The limits to stability of a full-employment equilibrium

P Howitt - The Scandinavian Journal of Economics, 1978 - JSTOR
This paper addresses the question of the stability of a full-employment equilibrium. In
particular it examines the notion, recently proposed by Leijonhufvud (1973) that a full-
employment equilibrium is locally stable but globally unstable. Leijonhufvud called this ...
Cited by 30 - Related articles - Get it from MIT Libraries - All 5 versions

Endogenous growth theory

A Philippe… - 1998 - en.scientificcommons.org
Abstract Advanced economies have experienced a tremendous increase in material well-
being since the industrial revolution. Modern innovations such as personal computers, laser
surgery, jet airplanes, and satellite communication have made us rich and transformed the ...
Cited by 28 - Related articles - Cached - Get it from MIT Libraries

Capital, innovation, and growth accounting

[PDF] from brown.edu
Full text - MIT Libraries
P Aghion, P Howitt - Oxford Review of Economic Policy, 2007 - Oxford Univ Press
Abstract In this paper we show how moving from the neoclassical model to the more recent
endogenous growth paradigm can lead to markedly different interpretations of the same
growth accounting data. In neoclassical theory, even if between 30 and 70 per cent of the ...
Cited by 29 - Related articles - BL Direct - All 17 versions

The observational implications of Schumpeterian growth theory

Full text - MIT Libraries
P Aghion, P Howitt - Empirical Economics, 1996 - Springer
Page 1. IImEIIIIEM P IR I CAL Empirical Economics ( 1 9 9 6 ) 2 1 : 1 3 - 2 5
|EEIIIIIECONOMKS The Observational Implications of Schumpeterian Growth Theory
PHILIPPE AGHION Nuffield College, Oxford OX1 1NF, England ...
Cited by 27 - Related articles - BL Direct - All 8 versions

[CITATION] Technology, knowledge and inequality

P Aghion, P Howitt… - 1998 - mimeo, University College, London
Cited by 25 - Related articles

[CITATION] Endogenous technical change: the Schumpeterian perspective

P Aghion, P Howitt… - 1993 - Fondazione Eni Enrico Mattei
Cited by 25 - Related articles - Get it from MIT Libraries - Library Search

General purpose technology and within-group inequality

P Aghion, P Howitt… - CEPR Discussion Papers, 2000 - ideas.repec.org
This paper develops a theoretical model to analyse how a General Purpose Technology
(GPT) shapes within-group wage inequality when workers are ex-ante equal, but their
adaptability to new technologies is subject to stochastic factors that are history dependent. ...
Cited by 24 - Related articles - Cached - BL Direct - All 6 versions

[BOOK] The economics of science and the future of universities

[PDF] from psu.edu
P Howitt - 2000 - Citeseer
It is an honour to be giving the 16th lecture in this series honouring the memory of Mabel
Timlin, one of the pioneers of modern Canadian economics. My talk will concern an area of
economics to which I don't think Timlin ever contributed directly, namely the theory of ...
Cited by 23 - Related articles - View as HTML - Get it from MIT Libraries - All 2 versions

Adjusting to technological change

Full text - MIT Libraries
P Howitt - The Canadian Journal of Economics/Revue …, 1994 - JSTOR
The subject of my address is adjusting to technological change, something that a lot of
people are doing nowadays. The revolution in information and communication technologies
and the transition to a knowledge-based economy are inducing people in every sector to ...
Cited by 23 - Related articles - Library Search - BL Direct - All 5 versions

Walras and monetary theory

PW Howitt - Economic Inquiry, 1973 - Wiley Online Library
Page 1. WALRAS AND MONETARY THEORY PW HOWITT' Monetary economists seem to have
reached a consensus that Walrasian general equilibrium theory provides an inadequate
micro-foundation for studying short-run monetary behaviour. Clower, Hahn. ...
Cited by 21 - Related articles - Get it from MIT Libraries - All 2 versions

[CITATION] Unemployment: A symptom of stagnation or a side-effect of growth?

Full text - MIT Libraries
P Aghion, P Howitt - European Economic Review, 1991 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
Cited by 21 - Related articles - Cached - All 9 versions

[PDF] Testing creative destruction in an opening economy: the case of the South African manufacturing industries

[PDF] from up.ac.za
P Aghion, J Fedderke, P Howitt, C Kularatne… - … Southern Africa Working …, 2008 - up.ac.za
Abstract This paper employs a theoretical framework that allows for both direct and indirect
impacts of trade liberalization on productivity growth. Indirect impacts operate through both
scale effects as well as a differential impact on firms conditional on their distance from the ...
Cited by 21 - Related articles - View as HTML - All 14 versions

[CITATION] Macroeconomics: Relations with microeconomics

P Howitt - The new Palgrave. A dictionary of economics, 1987
Cited by 23 - Related articles

[CITATION] Money and growth revisited

P Howitt - UWO Department of Economics Working Papers, 1990 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your
bookmarks. MONEY AND GROWTH REVISITED. Peter Howitt (). ...
Cited by 19 - Related articles - Cached - Library Search - All 6 versions

[CITATION] Expectations and uncertainty in contemporary Keynesian models

P Howitt - A'Second Edition'of the General Theory, ed. GC …, 1997
Cited by 19 - Related articles

Wage flexibility and employment

P Howitt - Eastern Economic Journal, 1986 - JSTOR
One of the central messages of Keynes's General Theory [3] was that wage flexibility cannot
be counted on to cure unemployment. One part of Keynes's argument was that wages were
not in fact very flexible. But he did not rest his case on the assumption of sticky wages. In ...
Cited by 19 - Related articles - Get it from MIT Libraries - All 7 versions

A note on uncertainty and the Hotelling rule

Full text - MIT Libraries
G Gaudet… - Journal of Environmental Economics and …, 1989 - Elsevier
Abstract In this paper we derive the Hotelling rule of optimal natural resource depletion,
modified to account for uncertainty in rates of return. It is shown that in the presence of risk
aversion, the rule implies that the expected equilibrium rate of increase of net resource ...
Cited by 18 - Related articles - All 6 versions

Evaluating the non-market-clearing approach

Full text - MIT Libraries
P Howitt - The American Economic Review, 1979 - JSTOR
This paper is concerned with evaluating the non-market-clearing (NMC) approach of Robert
Barro and Herschel Grossman and others from a purely positive point of view. That is, it
deals with the broad question of the extent to which the approach provides a theoretically ...
Cited by 17 - Related articles - All 6 versions

[CITATION] Low Inflation and the Canadian Economy

P Howitt - POLICY STUDY-CD HOWE …, 1997 - RENOUF PUBLISHING COMPANY …
Cited by 17 - Related articles - BL Direct

[CITATION] Growth Theory

P Aghion, P Howitt - A paraître, 1998
Cited by 16 - Related articles

The microfoundations of the Keynesian multiplier process

[PDF] from brown.edu
Full text - MIT Libraries
P Howitt - Journal of Economic Interaction and Coordination, 2006 - Springer
Abstract A theoretical foundation for the Keynesian multiplier process is derived from a
simple model in which economic interactions are coordinated by a decentralized and self-
organizing network of adaptive business enterprises. Deviation amplification arises from ...
Cited by 16 - Related articles - BL Direct - All 8 versions

[CITATION] Foundations of economics

R Clower… - Is economics becoming a hard science, 1997
Cited by 16 - Related articles

Keynes and the classics: An end of century view

[PDF] from psu.edu
R Clower… - Keynes and the Classics Reconsidered. …, 1998 - books.google.com
One might suppose that sixty years of wrangling would rid economists of the delusion they
have something fresh to say about the message and meaning of Keynes's General Theory. If
so, one would be mistaken, as this chapter indicates. Recent discussions1 suggest that ...
Cited by 15 - Related articles - All 6 versions

[CITATION] Firm entry, innovation and growth: theory and micro evidence

P Aghion, R Blundell, R Griffith, P Howitt… - … manuscript. Institute for Fiscal …, 2004
Cited by 15 - Related articles

Coordination issues in long-run growth

[PDF] from assembla.com
P Howitt - Handbook of computational economics, 2006 - Elsevier
Abstract Economic growth depends not only on how people make decisions but also upon
how their decisions are coordinated. Because of this, aggregate outcomes can diverge from
individual intentions. I illustrate this with reference to the modern literature on economic ...
Cited by 16 - Related articles - All 14 versions

[BOOK] Innovation, Competition and Growth

[PDF] from cdhowe.org
P Howitt - 2009 - cdhowe.org
The conflict between winners and losers from new technologies is a recurrent theme in
economic history, as demonstrated by the fate of handloom weavers in the early 19th
century or the former giants of mainstream computing in the 20th century. A new ...
Cited by 15 - Related articles - View as HTML - Get it from MIT Libraries - Library Search - All 8 versions

[CITATION] Endogenous Growth Theory, 1998

P Aghion, P Howitt - MIT Press-Barro, RJ, Sala-I-Martin, X.: Economic …
Cited by 14 - Related articles

Macroeconomics with intelligent autonomous agents

[PDF] from brown.edu
P Howitt - Macroeconomics in the Small and the Large: Essays …, 2008 - books.google.com
Axel Leijonhufvud has spent much of his distinguished career investigating how a
decentralized economy coordinates economic activities. The question is basically the same
as the one Keynes (1934) once posed: To what extent, and under what circumstances, ...
Cited by 14 - Related articles - All 13 versions

Knowledge and development: a Schumpeterian approach

[PDF] from psu.edu
P Aghion, C Garcia-Penalosa… - 2000 - books.google.com
Economics provides no magic formula for closing the development gap: that is why our
discipline is known as the dismal science. However, in this chapter we shall argue that the
task is not as impossible as it might a priori seem: reflecting on how technology has ...
Cited by 14 - Related articles - All 3 versions

Vertical integration and competition

[PDF] from manchester.ac.uk
Full text - MIT Libraries
P Aghion, R Griffith… - The American economic review, 2006 - JSTOR
This paper is part of a research program analyzing how competition affects aggregate
innovative activity through its effects on firms' organization. In previous work (Aghion et al.,
2005a), we found an inverted-U shaped relationship between competition and innovation. ...
Cited by 18 - Related articles - BL Direct - All 16 versions

[PDF] Wage inequality and technological change: a Nelson-Phelps approach

[PDF] from nyu.edu
P Aghion, P Howitt… - Knowledge, Information and …, 2003 - econ.nyu.edu
The sharp increase in wage inequality that has taken place since the early 1980s in
developed countries, especially in the US and the UK, has sprung intense debates among
economists. The rapidly growing literature on the subject reflects substantial progress in ...
Cited by 13 - Related articles - View as HTML

[PDF] Monetary policy and the limitations of economic knowledge

[PDF] from brown.edu
P Howitt - … : Beyond the Dyanamic Stochastic General Equilibrium …, 2006 - econ.brown.edu
I have always found it useful to think of a modern free-enterprise economy as a human
anthill. Like an anthill, it organizes individuals' activities into patterns more complex than the
individuals can fully comprehend, it performs collective tasks that the individuals are ...
Cited by 13 - Related articles - View as HTML - All 4 versions

Fiscal deficits, international trade and welfare

Full text - MIT Libraries
J Fried… - Journal of International Economics, 1988 - Elsevier
Abstract The effects of fiscal deficits on welfare, interest rates and the balance of payments
are examined in an open-economy, overlapping-generations model. A deficit reduces
welfare of the current old and the domestic unborn. The foreign unborn gain while the ...
Cited by 12 - Related articles - Library Search - All 5 versions

Utility Function Transformations and Money Illusion: Comment

Full text - MIT Libraries
P Howitt… - The American Economic Review, 1980 - JSTOR
In a recent exchange in this Review,'Richard Dusansky and Peter Kalman (hereafter, DK)
have claimed that the standard condition that utility functions be homogeneous of degree
zero (HDO) in money and prices is not a necessary one for demand functions to be free of ...
Cited by 12 - Related articles - All 10 versions

Endogenous growth, productivity and economic policy: A progress report

Full text - MIT Libraries
P Howitt - International Productivity Monitor, 2004 - ideas.repec.org
In recent years, our understanding of the sources of growth has been strongly influenced by
endogenous growth theory. In the first article, Peter Howitt of Brown University, one of the
leading researchers in the field, provides a progress report on the current state of the ...
Cited by 13 - Related articles - Cached - All 5 versions

Coordination failures

P Howitt - An Encyclopaedia of Macroeconomics, 2001 - Citeseer
Abstract During a depression economic activities are badly coordinated. Firms allow plant
and equipment to fall idle despite increasing numbers of able-bodied people willing to
operate it in exchange for less than the value of their marginal product. Savers continue as ...
Cited by 12 - Related articles - Cached

[CITATION] Cash in advance, microfoundations in retreat

P Howitt - Inflation, Institutions and Information, London: …, 1996
Cited by 11 - Related articles

[CITATION] Money, markets and coase

R Clower… - Is Economics Becoming a Hard Science, 1997
Cited by 10 - Related articles

Gross substitutability with multi-valued excess demand functions

P Howitt - Econometrica: Journal of the Econometric Society, 1980 - JSTOR
IN THE STUDY of the uniqueness and stability of competitive equilibrium the assumption of
gross substitutability plays a key role [1]. Although it has little intuitive appeal it is one of the
few assumptions known to imply both uniqueness and stability. However, the assumption ...
Cited by 10 - Related articles - Get it from MIT Libraries - All 5 versions

[CITATION] Entry, innovation and growth: Theory and evidence

P Aghion, R Blundell, R Griffith, P Howitt… - … in the Review of Economics and …, 2004
Cited by 9 - Related articles

[CITATION] Indexation and the Adjustment to Inflation in Canada

P Howitt - Postwar Macroeconomic Developments, 1985
Cited by 9 - Related articles

[CITATION] The schumpeterian approach to technical change and growth

P Aghion, P Howitt - Economic Growth in the World Economy: Symposium, 1992
Cited by 9 - Related articles

[CITATION] Conversations with economists: A review essay

Full text - MIT Libraries
P Howitt - Journal of Monetary Economics, 1986 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your
bookmarks. Conversations with economists: A review essay. Peter Howitt (). Journal
of Monetary Economics, 1986, vol. 18, issue 1, pages 103-118. ...
Cited by 8 - Related articles - Cached - Library Search - All 5 versions

Technical progress in the theory of economic growth

P Aghion, P Howitt - 1995 - eprints.ucl.ac.uk
Book description: Growth patterns have radically changed since the 1970s, to which capital
and the labour markets appear to have failed to adapt. Unemployment in Europe has grown,
almost without remission, to levels unseen since the Great Depression. These facts are ...
Cited by 8 - Related articles - Cached - All 4 versions

[PDF] Technological progress, luck and the variability of earnings

[PDF] from nyu.edu
P Aghion, P Howitt… - 2002 - econ.nyu.edu
Abstract This paper develops a theoretical model to analyse how the arrival of a new
technology embodied in capital affects the variability of earnings when workers' adaptability
to new technologies is subject to random events (luck) that can be history dependent. It is ...
Cited by 8 - Related articles - View as HTML

Banks, Market Organization, and Macroeconomic Performance: An Agent-Based Computational Analysis

[PDF] from williams.edu
Q Ashraf, B Gershman… - 2011 - nber.org
This paper is an exploratory analysis of the role that banks play in supporting the
mechanism of exchange. It considers a model economy in which exchange activities are
facilitated and coordinated by a self-organizing network of entrepreneurial trading firms. ...
Cited by 9 - Related articles - Library Search - All 24 versions

 Create email alert



1

2

3

Next


 

About Google Scholar - All About Google - My Citations

©2012 Google