Dynamic effects of patent policy on innovation and inequality in a Schumpeterian economy

Autor: Angus C. Chu, Pietro F. Peretto, Xilin Wang, Yuichi Furukawa, Sushanta Mallick

Publikováno v: Economic Theory

This study explores the dynamic effects of patent policy on innovation and income inequality in a Schumpeterian growth model with endogenous market structure and heterogeneous households. We find that strengthening patent protection has a positive ef

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::994e8cefa1f0e10e40afc16348080a44
https://doi.org/10.1007/s00199-021-01357-6

Through scarcity to prosperity: Toward a theory of sustainable growth

Autor: Pietro F. Peretto

Publikováno v: Journal of Monetary Economics. 117:243-257

To make progress toward a comprehensive theory of sustainable growth, this paper integrates fertility choice and exhaustible resource dynamics in a tractable model of endogenous technological change. The model identifies conditions under which the in

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::7f8c6ec633f87fd74cddc2baed37ab99
https://doi.org/10.1016/j.jmoneco.2020.01.004

Financial Markets, Industry Dynamics and Growth

Autor: Pietro F. Peretto, Raoul Minetti, Maurizio Iacopetta

Publikováno v: Economic Journal, 129(621), 2192-2215 (2019-07)
The Economic Journal
The Economic Journal, In press, ⟨10.1111/ecoj.12635⟩
Economic Journal
Economic Journal, Wiley, 2019, 129 (621), pp.2192-2215. ⟨10.1111/ecoj.12635⟩

We study the impact of corporate governance frictions in an economy where growth is driven both by the foundation of new firms and by the in-house investment of incumbent firms. Firms' managers engage in tunneling and empire building activities. Acti

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b46b07dcb304fc14204afa2b885bbf56
https://doi.org/10.1111/ecoj.12635

Corporate Governance And Industrialization

Autor: Maurizio Iacopetta, Pietro F. Peretto

Publikováno v: European Economic Review
European Economic Review, Elsevier, 2021, 135, pp.103718. ⟨10.1016/j.euroecorev.2021.103718⟩

Corporate governance distortions delay or even halt a country’s transformation into a modern innovation economy. We investigate the mechanism through a growth model that allows for agency issues within firms. Governance distortions raise the cost o

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::712cf02fd01ab57e4e59ab469b19b28d
https://hal-sciencespo.archives-ouvertes.fr/hal-03403079

Lessons for Tax Reform from an Equilibrium Model of Innovation

Autor: Pietro F. Peretto, Soroush Ghazi, Domenico Ferraro

Publikováno v: SSRN Electronic Journal.

We formulate and estimate a general equilibrium model of innovation-led growth and use it to evaluate the quantitative implications of individual income tax reforms for innovation and aggregate productivity growth. In the model, innovation comes from

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::dfe370f63fea5e1d8935d1d9a8767ed9
https://doi.org/10.2139/ssrn.3325987