Browsing by Author "Peretto, PF"
Now showing items 1-7 of 7
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Corporate taxes, growth and welfare in a Schumpeterian economy
(Journal of Economic Theory, 2007-11-01)I take a new look at the long-run implications of taxation through the lens of modern Schumpeterian growth theory. I focus on the latest vintage of models that sterilize the scale effect through a process of product proliferation ... -
Cost reduction, entry, and the interdependence of market structure and economic growth.
(1999)I study the joint determination of market structure and growth in an oligopolistic economy. Firms run in-house R&D programs to produce over time a continuous flow of cost-reducing innovations. In symmetric equilibrium, the ... -
Endogenous Growth and Property Rights over Renewable Resources
(2015)We study how different regimes of access rights to renewable natural resources – namely open access versus full property rights – affect sustainability, growth and welfare in the context of modern endogenous growth theory. ... -
Endogenous market structure and the growth and welfare effects of economic integration.
(2003)This paper studies the growth and welfare effects of integration in a world economy populated by global oligopolists. In economies that move from autarky to trade, growth and welfare rise because exit of domestic firms is ... -
Financial Markets, Industry Dynamics, and Growth
(Economic Research Initiatives at Duke (ERID), 2014-08-27)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 ... -
From Smith to Schumpeter: A theory of take-off and convergence to sustained growth
(European Economic Review, 2015-08-01)© 2015 Elsevier B.V.This paper proposes a theory of the emergence of modern Schumpeterian growth that focuses on the within-industry forces that regulate the response of firms and entrepreneurs to Smithian market expansion ... -
Growth on a Finite Planet: Resources, Technology and Population in the Long Run
(CER-ETH Working Paper, 2011-06-30)We study the interactions between technological change, resource scarcity and population dynamics in a Schumpeterian model with endogenous fertility. There exists a pseudo-Malthusian equilibrium in which population is constant ...
