Found 39 article(s) for author 'Philippe Aghion'

Can Policy Interact with Culture? Minimum Wage and the Quality of Labor Relations

Can Policy Interact with Culture? Minimum Wage and the Quality of Labor Relations. Philippe Aghion, September 2008, Paper. “Can public policy interfere with culture, such as beliefs and norms of cooperation? We investigate his question by evaluating the interactions between the State and the Civil Society, focusing on the labor market. International data shows a negative correlation between union density and the quality of labor relations on one hand, and state regulation of the minimum wage on the other hand…” Link

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Productivity Growth and Countercyclical Budgetary Policy: What Do We Learn from OECD Panel Data?

Productivity Growth and Countercyclical Budgetary Policy: What Do We Learn from OECD Panel Data? Philippe Aghion, June 2008, Paper. “A common view among macroeconomists is that there is a decoupling between macroeconomic policy (e.g., budget deficit, taxation, money supply), which should primarily affect price and income stability and long-run economic growth, which, if anything, should depend only upon structural characteristics of the economy (property right enforcement, market structure, market mobility, and so forth). That macroeconomic policy should not be a key determinant of growth…” Link

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Credit Constraints and the Cyclicality of R&D Investment: Evidence from France

Credit Constraints and the Cyclicality of R&D Investment: Evidence from France. Philippe Aghion, April 28, 2008, Paper. “We use a French firm-level data set containing 13,000 firms over the period 1993-2004 to analyze the relationship between credit constraints and firms’ R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is countercyclical without credit constraints, but it becomes less countercyclical as firms face tighter credit constraints…” Link Verified October 29, 2014

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The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India

The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India. Philippe Aghion, 2008, Paper. “We study whether the effects on registered manufacturing output of dismantling the License Raj—a system of central controls regulating entry and production activity in this sector—vary across Indian states with different labor market regulations. The effects are found to be unequal across Indian states with different labor market regulations…” Link

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Negotiating free trade

Negotiating free trade. Philippe Aghion, September 2007, Paper. “We develop a dynamic bargaining model in which a leading country endogenously decides whether to sequentially negotiate free trade agreements with subsets of countries or engage in simultaneous multilateral bargaining with all countries at once. We show how the structure of coalition externalities shapes the choice between sequential and multilateral bargaining, and we identify circumstances in which the grand coalition is the equilibrium outcome, leading to worldwide free trade…” May require purchase or user account. Link

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Competition and Productivity Growth in South Africa

Competition and Productivity Growth in South Africa. Philippe Aghion, August 2007, Paper. “Using three different panel data sets, we show: (i) that mark-ups are significantly higher in South African manufacturing industries than they are in corresponding industries worldwide; (ii) that competition policy (i.e a reduction of mark-ups) should have largely positive effects on productivity growth in South Africa…” Link

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Democracy, Technology, and Growth

Democracy, Technology, and Growth. Philippe Aghion, Alberto Alesina, May 2007, Paper. “We explore the question of how political institutions and particularly democracy affect economic growth. Although empirical evidence of a positive effect of democracy on economic performance in the aggregate is weak, we provide evidence that democracy influences productivity growth in different sectors differently and that this differential effect may be one of the reasons of the ambiguity of the aggregate results. We provide evidence that political rights are conducive to growth in more advanced sectors of an economy, while they do not matter or…” Link

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Credit Constraints as a Barrier to the Entry and Post Entry Growth of Firms: Theory and Evidence.

Credit Constraints as a Barrier to the Entry and Post Entry Growth of Firms. Philippe Aghion, March 2007, Paper. “Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms’ decision to enter, to expand if successful and to exit if competition becomes unbearable. In this paper, we focus on the effects of financial development on the entry of new firms and the expansion of successful new businesses…Link

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Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data?

Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data? Philippe Aghion, 2007, Paper. “A common view among macroeconomists is that there is a decoupling between macroeconomic policy (e.g., budget deficit, taxation, money supply), which should primarily affect price and income stability and long-run economic growth, which, if anything, should depend only upon structural characteristics of the economy (property right enforcement, market structure, market mobility, and so forth)…” Link

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