4 months ago
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Posts by Jean-Félix Brouillette
Read the latest #POIDWorkingPaper
Resetting the innovation clock: Endogenous growth through technological turnover
By Philippe Aghion @abergeaud.bsky.social Timo Boppart @jfbrou.bsky.social
poid.lse.ac.uk/PUBLICATIONS...
5 months ago
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We propose a model of endogenous economic growth with "weak'' scale effects and diminishing returns to innovation at the micro level. In our model, entrants introduce new technologies through research and incumbents incrementally improve them through development. Over time, further improvement becomes harder such that firms ultimately run out of ideas and exit, paving the way for entrants that discover new technologies with further room for improvement. This turnover gives rise to a continuous stream of (temporary) opportunities for technological improvements that sustain economic growth. In a stationary equilibrium, the growth rate is constant and endogenous to market incentives.
New CEPR Discussion Paper - DP20761 Resetting the Innovation Clock: Endogenous Growth through Technological Turnover
Philippe Aghion, @abergeaud.bsky.social, Timo Boppart, Jean-Félix Brouillette
cepr.org/publications...
#CEPR_MG #EconSky
6 months ago
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Forthcoming in AER: Insights: "Race and Economic Well-Being in the United States" by Jean-Félix Brouillette, Charles I. Jones, and Peter J. Klenow. www.aeaweb.org/articles?id=...
10 months ago
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Victoria Marone and I hiring a predoc to work on health & urban economics projects with us at Yale. We’re a bit late in the hiring cycle, but would love to chat with folks in school /government/industry who are interested in doing an econ PhD!
Details here: tinyurl.com/2jz6bc6c
#econ_ra #econsky
11 months ago
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youtube.com/watch?v=eDr6...
1 year ago
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