DOCSLIB.ORG

Aggregate Growth Models from a Schumpeterian Perspective: a Review João P

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Aggregate Growth Models from a Schumpeterian Perspective: a Review João P Revista Brasileira de Inovação ISSN 2178-2822 DOI: https://doi.org/10.20396/rbi.v19i0.8654621 ARTICLE Aggregate growth models from a Schumpeterian perspective: a review João P. Romero* 1 * Universidade Federal de Minas Gerais (UFMG), Belo Horizonte, MG, Brasil E-mail: [email protected] Received: 11 February 2019 Revised version: 12 September 2019 Accepted: 02 February 2020 Abstract The paper presents a critical assessment of the Schumpeterian macroeconomic approach to economic growth. Taking as reference a representative sample of important works within this tradition, the paper identifies the main contributions and limitations of the macroeconomic Schumpeterian literature to understanding economic growth. More specifically, the literature review carried out in this paper focuses on three of Schumpeter’s ideas that have become particularly influential in macroeconomic growth theory: (i) the role of technological transfer in productivity growth in follower countries; (ii) the importance of research intensity for technical progress; and (iii) the prominence of technological competitiveness for trade performance. The contribution of the paper is twofold: (i) it provides an organized review of the macroeconomic literature until its present state; and (ii) it indicates important gaps in this literature that should be the focus of further research. Keywords | Technical progress; Economic growth; Technological transfer; International trade; Technological competitiveness 1 The autor is member of Centro de Desenvolvimento e Planejamento Regional (Cedeplar) from Universidade Federal de Minas Gerais (UFMG). AT Rev. Bras. Inov., Campinas (SP), 19, e020004, p. 1-30, 2020 Rev. Bras. Inov., Campinas (SP), 19, e020004, p. 1-30, 2020 1 João P. Romero 1. Introduction The Austrian economist Joseph Schumpeter is known for his seminal works on the importance of innovation for economic growth. His contributions range from the classification of different types of innovation to the analysis of the determinants of innovation, the importance of finance for technical progress, the role of technological competitiveness in trade performance, and the role of imitation and technological transfer in economic growth (see FAGERBERG, 2005). Schumpeter’s (1934, 2003 [1943]) works have inspired research from different perspectives. On the one hand, Nelson and Winter (1982), Dosi (1982), Metcalfe (2005) and others have explored Schumpeter’s ideas using an evolutionary framework. This approach, which seeks to follow more closely the ideas of Schumpeter, highlights the importance of disequilibria generated by innovations to foster the process of economic development. Studies from this tradition have used agent-based models (ABM) to analyse the process of economic development, in which heterogeneous actors with bounded rationality interact to form economic systems. On the other hand, Romer (1990), Grossman and Helpman (1991), Aghion and Howitt (1992, 1998, 2009), Acemoglu, Aghion and Zilibotti (2006) and others have explored Schumpeter’s ideas using growth models with endogenous technical progress. In this approach, some of Schumpeter’s key insights were incorporated into the neoclassical framework to cope with the clear limitations of the basic Solow (1956) growth model and try to get to a more specific answer to the factors that determine long term growth and technical progress. In spite of the sharp differences in the microeconomic foundations between the different Schumpeterian traditions, the aggregate macroeconomic application of Schumpeter’s insights is considerably similar among them (see VERSPAGEN, 2005). The present paper focuses on these aggregate models and empirical works that seek to represent some of Schumpeter’s key insights. In terms of the macroeconomic analysis of the determinants of innovation and growth, authors from both streams emphasise the importance of technological transfer (e.g. GRIFFITH; REDDING; VAN REENEN, 2004; VERSPAGEN, 1991), finance (e.g. LEVINE; LOAYZA; BACK, 2000; FAGERBERG; SRHOLEC, 2008), research and development (R&D) (e.g. MADSEN, 2008A; COHEN; LEVINTHAL, 1990; FAGERBERG; SRHOLEC; KNELL, 2007; ARCHIBUGI; COCO, 2005), technological competitiveness (e.g. FAGERBERG, 1988; ANG; MADSEN; ROBERTSON, 2015), and institutions 2 Rev. Bras. Inov., Campinas (SP), 19, e020004, p. 1-30, 2020 Rev. Bras. Inov., Campinas (SP), 19, e020004, p. 1-30, 2020 3 Aggregate growth models from a Schumpeterian perspective: a review (e.g. ACEMOLGU; AGHION; ZILIBOTTI, 2006; AGHION; HOWITT, 2009; LUNDVAL, 1992; NELSON, 1993; METCALFE; RAMLOGAN, 2008). The objective of this paper is to present a critical assessment of the Schumpeterian macroeconomic approach to economic growth. Taking as reference a representative sample of important works within this tradition, this paper aims to identify the main contributions and limitations of the Schumpeterian literature to understanding economic growth. More specifically, the literature review carried out in this paper focuses on three of Schumpeter’s (1934; 2003 [1943]) ideas that have become particularly influential in macroeconomic growth theory: (i) the role of technological transfer in productivity growth in follower countries; (ii) the importance of research intensity for technical progress in leading economies; and (iii) the prominence of technological competitiveness for trade performance. The main contribution of this paper, therefore, is to identify the gaps in the existing macroeconomic Schumpeterian analyses of economic growth, through a thorough revision of the relevant literature. Thus, this paper contributes to facilitate and guide future works that aim to develop and improve the aggregate Schumpeterian approach to long-term growth. It is important to highlight, however, that the Schumpeterian literature is vast and diverse. Hence, this paper does not seek to provide an exhaustive review, but aims to use some important studies as reference to point out some relevant gaps in the literature. An additional contribution of the paper is to highlight the similarities of the aggregate Schumpeterian approaches in different research areas, despite the marked differences in the micro-foundation across different Schumpeterian traditions. The remainder of the paper is divided in four sections. Section 2 discusses the importance of research intensity for technological progress within the Schumpeterian tradition. Section 3 discusses the foundations of the Schumpeterian approach to technological transfer. Section 4 analyses the role of technological competitiveness in trade performance from a Schumpeterian standpoint. Section 5 presents the paper’s concluding remarks. 2. Research intensity and long-term growth According to Schumpeter (2003 [1943]), product differentiation (i.e. innovation) gives rise to temporary monopolies, which guarantee abnormal profits to innovators. This creates an incentive for firms to invest in research and development (R&D) in pursuit of innovations. This seminal idea represents the foundation of Schumpeterian 2 Rev. Bras. Inov., Campinas (SP), 19, e020004, p. 1-30, 2020 Rev. Bras. Inov., Campinas (SP), 19, e020004, p. 1-30, 2020 3 João P. Romero models of economic growth (VALDÉS, 1999). Evidently, other contributions from Schumpeter’s (1934; 2003 [1943]) works were also explored in the literature that investigates the determinants of economic growth (e.g. AGHION; HOWITT, 1992; KING; LEVINE, 1993). Still, the importance of R&D, innovation and temporary monopolies (i.e. partial-excludability of innovations – ROMER, 1990) for technical progress and economic growth are the main ideas that characterize Schumpeterian macroeconomic growth models. In contrast with the seminal endogenous growth models developed by Arrow (1962) and Frankel (1962), where technological progress is an unintentional spillover of capital accumulation, in the Schumpeterian growth model, technology is intentionally accumulated. The Schumpeterian growth model divides the economy into two sectors, a final output sector and a research sector. The research sector uses a fraction of the labour force ( ) and the existing stock of technical knowledge to produce new technology, while the final goods sector uses the other fraction of the labour force ( ) and capital to produce final output. Thus, the model can be described using a production function and a technology progress function, respectively:2 (1) (2) where Y is the level of output, K is the capital stock, is labour, A is the level of technology, α is the share of capital in output, is the rate of technical progress, ϕ is the degree of returns to scale in knowledge, β is a coefficient of product proliferation, σ is the coefficient of research duplication, and δ reflects research efficiency.3 The defining characteristics of the Schumpeterian growth model are expressed in the parameters of the technology progress function given by equation (2). First, the coefficient of product proliferation is assumed to be equal to one, i.e. β = 1. Following Young (1998), this means that in a larger economy the number of firms that can create similar products is also larger, which results in more horizontal 2 The term technology progress function used here should not be confused with Kaldor’s (1957) technical progress function, which is expressed in a different form and is used to avoid separating movements along the production function from movements of the production function 3 See Ha and Howitt (2007). 4 Rev. Bras. Inov., Campinas (SP), 19, e020004, p. 1-30, 2020 Rev. Bras.
Load more

Recommended publications
  • One Hundred Twenty-Five Years of the Journal of Political Economy: a Bibliometric Overview
    One hundred twenty-five years of the Journal of Political Economy: A bibliometric overview Lluis Amiguet1, Anna M. Gil-Lafuente2, Finn E. Kydland3, José M. Merigó4 1Department of Communication, Rovira i Virgili University, Av. Catalunya 35, 43002 Tarragona, Spain 2Department of Business Administration, University of Barcelona, Av. Diagonal 690, 08034 Barcelona, Spain 3Department of Economics, University of California – Santa Barbara, 2127 North Hall, Santa Barbara, CA 93106, USA 4Department of Management Control and Information Systems, School of Economics and Business, University of Chile, Av. Diagonal Paraguay 257, 8330015 Santiago, Chile Emails: [email protected]; [email protected]; [email protected]; [email protected] Abstract The Journal of Political Economy was created in December 1892. In 2017, the journal celebrates the 125th anniversary. Motivated by this event, this study presents a bibliometric overview of the leading trends of the journal according to a wide range of criteria including authors, institutions, countries, papers and keywords. The work uses the Scopus and the Web of Science databases to collect the bibliographic material and considers a wide range of bibliometric indicators including the number of citations and publications, the h-index, citation thresholds and the cites per paper. The study also uses software for the visualization of similarities by using several bibliometric techniques including bibliographic coupling, co-citation and co-occurrence of keywords. The results indicates that research published in the journal is mainly carried out by US economists, being the University of Chicago the most productive and influential institution. Several authors that published their seminal work in the journal have obtained the Nobel Prize in economics.
    [Show full text]
  • Economics in the Time of COVID-19 Economics in the Time of COVID-19
    Economics in the Time of COVID-19 Economics in the Time of COVID-19 Edited by Richard Baldwin and Beatrice Weder di Mauro Centre for Economic Policy Research 33 Great Sutton Street A VoxEU.org Book London EC1V 0DX CEPR Press Tel: +44 (0)20 7183 8801 Email: [email protected] www.cepr.org CEPR Press Economics in the Time of COVID-19 CEPR Press Centre for Economic Policy Research 33 Great Sutton Street London, EC1V 0DX UK Tel: +44 (0)20 7183 8801 Email: [email protected] Web: www.cepr.org ISBN: 978-1-912179-28-2 Copyright © CEPR Press, 2020. Economics in the Time of COVID-19 Edited by Richard Baldwin and Beatrice Weder di Mauro A CEPR Press VoxEU.org eBook CEPR Press The views expressed in this book are those of the authors and not those of CEPR or any of the institutions with which the authors are affiliated. The editors would like to acknowledge the important and timely contribution of research assistance from Guilia Sabbatini and Anmol Kaur Grewal, together with Anil Shamdasani and Sophie Roughton’s hard work on production to enable this eBook to be produced so quickly. Centre for Economic Policy Research (CEPR) The Centre for Economic Policy Research (CEPR) is a network of over 1,500 research economists based mostly in European universities. The Centre’s goal is twofold: to promote world-class research, and to get the policy-relevant results into the hands of key decision-makers. CEPR’s guiding principle is ‘Research excellence with policy relevance’. A registered charity since it was founded in 1983, CEPR is independent of all public and private interest groups.
    [Show full text]
  • Reproducibility and Replicability in Economics – FINAL DRAFT
    This paper was commissioned for the Committee on Reproducibility and Replicability in Science, whose work was supported by the National Science Foundation and the Alfred P. Sloan Foundation. Opinions and statements included in the paper are solely those of the individual author, and are not necessarily adopted, endorsed, or verified as accurate by the Committee on Reproducibility and Replicability in Science or the National Academies of Sciences, Engineering, and Medicine. Reproducibility and Replicability in Economics – FINAL DRAFT White paper prepared for the National Academies' Committee on Reproducibility and Replication in Science Lars Vilhuber1 2018-07-22 1 Cornell University, [email protected]. The author is also affiliated with the U.S. Census Bureau and is the Data Editor of the American Economic Association. The opinions expressed herein are solely the author's, and do not represent the views or the policies of the U.S. Census Bureau or the American Economic Association. 1 1. Introduction In this overview, I provide a summary description of the history and state of reproducibility and replicability in the academic field of economics. I will attempt to discuss not just the narrower definition of computational reproducibility, but also other correlates of intellectual reproducibility and transparency, such as the sharing of research findings outside of peer-reviewed publications (“grey publications”), and the importance of various types of data for empirical economics. I start by defining reproducibility and replicability. Our focus is primarily on the journals that are the prime publication outlets of academic economists, and the role they have and can continue to play. Part of the reason for this focus is because it is much easier to measure replicability for published materials (even if what is being measured may change from study to study).
    [Show full text]
  • Course Outline
    ECO2701H1S Development Economics I Department of Economics University of Toronto Winter 2021 Contact Information Instructor: Román Andrés Zárate: ​ Phone number: (617) 320-0476 ​ Email: [email protected] ​ Virtual Office Hours: Wednesday 3:00 pm – 4:00 pm ​ Time Zone Information Class time: Thursday 11:00 am – 1:00 pm ​ Course Description and Learning Objectives This is a graduate course in development economics, appropriate for graduate students in the Department of Economics and other students with preparation in microeconomic theory and econometrics. The focus is on the application of economic theory, and especially econometrics, to a variety of questions important for understanding household and government behaviour in developing countries. A further purpose is to demonstrate how the analytic techniques used in applied microeconomics can be used to inform public policy in these countries. The material covered draws on (calculus-based) microeconomic theory and econometrics; it is suitable for both MA and PhD students. The emphasis of the course is on the interpretation and evaluation of empirical evidence relevant for the conduct of public policy in developing countries. We will use both economic theory and empirical evidence during the course. The theoretical arguments will guide us in understanding the mechanisms and forces driving poor household decisions in developing countries. The empirical tools and existing evidence will help us bring those models to real settings and evaluate the success of implemented policies in poverty alleviation. Our objective is to develop a deep understanding of economic development and the lives of the poor that allow students to contribute with their own research to the global debates around the topic.
    [Show full text]
  • ECONOMIC ANALYSIS and POLICY Journal of the Economic Society of Australia (Queensland) Inc
    ECONOMIC ANALYSIS AND POLICY Journal of the Economic Society of Australia (Queensland) Inc. AUTHOR INFORMATION PACK TABLE OF CONTENTS XXX . • Description p.1 • Impact Factor p.2 • Abstracting and Indexing p.2 • Editorial Board p.2 • Guide for Authors p.3 ISSN: 0313-5926 DESCRIPTION . Economic Analysis and Policy (established 1970) publishes articles from all branches of economics with a particular focus on research, theoretical and applied, which has strong policy relevance. The journal also publishes survey articles and empirical replications on key policy issues. Authors are expected to highlight the main insights in a non-technical introduction and in the conclusion. Articles may be submitted under four categories:Analyses of Topical Policy Issues These articles provide in-depth analysis relevant to both academics and policy makers of important contemporary policy issues, including in relation to the development and implementation of policy. Modelling Economic Policy Issues These articles apply quantitative techniques to analyse key economic policy challenges. Survey Articles These articles, by experts in the relevant field, survey key policy topics in the economic research literature. Economic Research Replications These replications test the robustness of prior influential published research on economic policy issues either using the same, extended or alternative datasets and different techniques. The journal EAP charges a non-refundable fee of US $70 for new submissions (with a 50% discount to US $35 (plus relevant VAT) for submitting authors who are members of any state/territory branch of the Economic Society of Australia). Please note that for authors from European countries, the relevant VAT amount will be added to the submission fee.
    [Show full text]
  • Joseph A.Schumpeter
    CAPITALISM, SOCIALISM AND DEMOCRACY When Joseph Schumpeter’s book first appeared, the New English Weekly predicted that ‘for the next five to ten years it will certainly remain a work with which no one who professes any degree of information on sociology or economics can afford to be unacquainted’. The prophecy has been justified, but how much more fully than its maker anticipated. A generation later, it is more widely read than when it first appeared. The mixed economy has become established in North America as well as in the countries of the European Community, while in the socialist countries there has been a move towards various forms of decentralisation and of a market economy. In this new context the issues that Schumpeter raises are still matters of lively debate. CAPITALISM, SOCIALISM AND DEMOCRACY Joseph A.Schumpeter INTRODUCTION BY RICHARD SWEDBERG Stockholm University London and New York First published in the USA This edition published in the Taylor & Francis e-Library, 2003. First published in the UK in 1943 First impression 1944 Second edition 1947 Third edition 1950 First impression 1952 Fourth edition 1954 Eighth impression 1974 Fifth edition 1976 Third impression 1981 New in paperback 1994 © George Allen & Unwin (Publishers) Ltd 1976 All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library.
    [Show full text]
  • Income and Happiness: Towards a Unified Theoryг 1
    The Economic Journal, 111 (July), 465±484. # Royal Economic Society 2001. Published by Blackwell Publishers, 108 Cowley Road, Oxford OX4 1JF, UK and 350 Main Street, Malden, MA 02148, USA. INCOME AND HAPPINESS: TOWARDS A UNIFIED THEORYÃ Richard A. Easterlin Material aspirations are initially fairly similar among income groups; consequently more income brings greater happiness. Over the life cycle, however, aspirations grow along with income, and undercut the favourable effect of income growth on happiness, although the cross-sectional happiness-income difference persists. People think they were less happy in the past and will be happier in the future, because they project current aspirations to be the same throughout the life cycle, while income grows. But since aspirations actually grow along with income, experienced happiness is systematically different from projected happiness. Conse- quently, choices turn out to be based on false expectations. Life is a progress from want to want, not from enjoyment to enjoyment. Samuel Johnson, 1776 The relationship between happiness and income is puzzling. At a point in time, those with more income are, on average, happier than those with less. Over the life cycle, however, the average happiness of a cohort remains constant despite substantial income growth. Moreover, even though a cohort's experienced happiness remains constant throughout the life span, people typically think that they were worse off in the past and will be better off in the future. Can economic theory explain these paradoxical observations? Perhaps, with some amendment for systematic change in material preferences or aspirations. In what follows, after a brief discussion of the concept of happiness and the nature of these paradoxical relationships, I suggest a model to explain them, and present some supporting evidence.
    [Show full text]
  • Economic Journal 2020 Annual Report Highlights
    Economic Journal 2020 Annual Report Highlights Submissions and impact - In 2020, the Journal received 1,994 submissions, which is the highest number of submissions received in any one year. Acceptance rates for 2020 are just over 6%1. - In July 2020, the Journal introduced a short paper article type. 119 short papers were received in 2020. - The 2019 Impact Factor (released in June 2020) was 2.764, slightly lower than the 2018 Impact Factor, 2.926. - The Journal is currently ranked ninth by Google Scholar. - The Journal continues to raise its profile on social media, with Twitter followers increasing by 4,698 in 2020 and overall Twitter followers now exceeding 14,000 (as of 21.1.21). - The Journal continues to perform well on alternative measure of impact, with 13 being the average Altmetric score for articles published in 2020 issues. Turnaround times - The Journal continues to benefit from dedicated referees and Associate Editors who deliver high-quality and timely reports, with 92% returning their reports within 3 months in 2020. - Decision turnaround times for 2020 are still slower than we would like, partly due to the volume of submissions the Journal has received in recent years. Ethics and Research Transparency - Ethics guidelines for authors, reviewers and editors continue to be adopted to ensure that publication best practice is upheld. - The Journal’s Data Editor, Joan Llull, continues to coordinate pre-acceptance reproducibility checks in line with top journals in the field. In 2020 the pool of RAs conducting the checks was increased to ensure that the team had a varied skillset and to manage the workload.
    [Show full text]
  • The General Theory of Employment, Interest, and Money by John Maynard Keynes
    The General Theory of Employment, Interest, and Money By John Maynard Keynes Feburary 1936 Table of Contents • PREFACE • PREFACE TO THE GERMAN EDITION • PREFACE TO THE JAPANESE EDITION • PREFACE TO THE FRENCH EDITION Introduction 1. THE GENERAL THEORY 2. THE POSTULATES OF THE CLASSICAL ECONOMICS 3. THE PRINCIPLE OF EFFECTIVE DEMAND Definitions and Ideas 4. THE CHOICE OF UNITS 5. EXPECTATION AS DETERMINING OUTPUT AND EMPLOYMENT 6. THE DEFINITION OF INCOME, SAVING AND INVESTMENT 7. THE MEANING OF SAVING AND INVESTMENT FURTHER CONSIDERED The Propensity to Consume 8. THE PROPENSITY TO CONSUME: I. THE OBJECTIVE FACTORS 9. THE PROPENSITY TO CONSUME: II. THE SUBJECTIVE FACTORS 10. THE MARGINAL PROPENSITY TO CONSUME AND THE MULTIPLIER The Inducement to Invest 11. THE MARGINAL EFFICIENCY OF CAPITAL 12. THE STATE OF LONG-TERM EXPECTATION 13. THE GENERAL THEORY OF THE RATE OF INTEREST 14. THE CLASSICAL THEORY OF THE RATE OF INTEREST o APPENDIX ON THE RATE OF INTEREST IN MARSHALL'S PRINCIPLES OF ECONOMICS, RICARDO'S PRINCIPLES OF POLITICAL ECONOMY, AND ELSEWHERE 2. THE PSYCHOLOGICAL AND BUSINESS INCENTIVES TO LIQUIDITY 3. SUNDRY OBSERVATIONS ON THE NATURE OF CAPITAL 4. THE ESSENTIAL PROPERTIES OF INTEREST AND MONEY 5. THE GENERAL THEORY OF EMPLOYMENT RE-STATED Money-wages and Prices 6. CHANGES IN MONEY-WAGES o PROFESSOR PIGOU'S 'THEORY OF UNEMPLOYMENT' 7. THE EMPLOYMENT FUNCTION 8. THE THEORY OF PRICES Short Notes Suggested by the General Theory 9. NOTES ON THE TRADE CYCLE 10. NOTES ON MERCANTILISM, THE USURY LAWS, STAMPED MONEY AND THEORIES OF UNDER-CONSUMPTION 11. CONCLUDING NOTES ON THE SOCIAL PHILOSOPHY TOWARDS WHICH THE GENERAL THEORY MIGHT LEAD • Appendix 1 • Appendix 2 • Appendix 3 2 PREFACE This book is chiefly addressed to my fellow economists.
    [Show full text]
  • The Behavioral Economics of John Maynard Keynes
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Schettkat, Ronald Working Paper The behavioral economics of John Maynard Keynes Schumpeter Discussion Papers, No. 2018-007 Provided in Cooperation with: Schumpeter School of Business and Economics, University of Wuppertal Suggested Citation: Schettkat, Ronald (2018) : The behavioral economics of John Maynard Keynes, Schumpeter Discussion Papers, No. 2018-007, University of Wuppertal, Schumpeter School of Business and Economics, Wuppertal, http://nbn-resolving.de/urn:nbn:de:hbz:468-20180920-120604-6 This Version is available at: http://hdl.handle.net/10419/206675 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen
    [Show full text]
  • Federico Etro
    FEDERICO ETRO 8 Finsbury Circus Home: Vicolo Fiori ang. Via Pontaccio 17 EC2M 7EA, London, UK 20121, Milan, Italy Tel: +44 20 7664 3700 Tel: +39-3294464955 Email: [email protected] Citizenship: Italian Updated: 01/08/18 Birth: Milan, January 5, 1974 Child: Edoardo Professore Ordinario, University of Florence, Florence (since 2018). Senior Consultant, Charles River Associates, London (since 2015). PAST POSITIONS: 2010 - 2018: University of Venice, Ca’ Foscari, Professore Ordinario di Economia Politica. 2004 - 2014: Microsoft, Legal & Corporate Affairs, EMEA, Economist. 2006 - 2010: University of Milan, Bicocca, Professore Associato di Economia Politica. 2003 - 2006: Catholic University of Milan, Lecturer. 2002 - 2003: Ministry of Economy of Italy, Consultant, and Luiss University of Rome, Lecturer, Rome. EDITORIAL POSITIONS: 2014 - 2017: Editor in Chief, Research in Economics, Elsevier. EDUCATION Master in Economics, University of California, Los Angeles, 2000. Laurea in Economics, Università Cattolica del Sacro Cuore, Milan, 110/110 cum Laude, 1997. PUBLICATIONS Selected articles: 1) 2018, International Trade with Indirect Additivity, American Economic Journal: Microeconomics, Vol. 10, 2 (May), pp. 1-57 (with P. Bertoletti and I. Simonovska). 2) 2018, The Economics of Renaissance Art, The Journal of Economic History, Vol. 78, 2 (June), pp. 500-538. 3) 2018, Power Laws in Art, Physica A: Statistical Mechanics and its Applications, Vol. 506 (September), pp. 217-220 (with E. Stepanova). - 1 - 4) 2018, Macroeconomics with Endogenous Markups and Optimal Taxation, Southern Economic Journal, in press. 5) 2017, Monopolistic Competition when Income Matters, The Economic Journal , Vol. 127, 603 (August), pp. 1217-1243 (with P. Bertoletti). 6) 2017, Art Collections and Taste in the Spanish Siglo de Oro, Journal of Cultural Economics, Vol.
    [Show full text]
  • Belinda Archibong
    BELINDA ARCHIBONG Mailing Address: Office: Department of Economics Milstein Center 1003 Barnard College, Columbia University (212) 854- 8952 3009 Broadway [email protected] New York, NY 10027 https://barnard.edu/profiles/belinda-archibong EMPLOYMENT 2015- Present Assistant Professor, Economics, Barnard College, Columbia University, New York, NY 2021- Present David M. Rubenstein Fellow, The Brookings Institution, Washington, DC 2020 Assistant Professor, AEA Summer Program, Michigan State University, East Lansing, MI 2018- 2019 Visiting Fellow, The World Bank Group, Washington, DC 2019 Visiting Fellow, University of Oxford, Oxford, UK 2018 Visiting Fellow, University of Lagos, Lagos, Nigeria EDUCATION 2015 Ph.D. Sustainable Development, Columbia University, New York, NY 2013 M.A. Sustainable Development, Columbia University, New York, NY 2010 B.A. Economics/Philosophy, Columbia University, Columbia College, New York, NY AFFILIATION 2015- Present Faculty Affiliate, Center for Development Economics and Policy (CDEP), Columbia University 2015- Present Advisory Board, Barnard Center for Research on Women (BCRW) 2016- Present Junior Faculty, The Earth Institute, Columbia University 2016- Present Faculty Affiliate, Institute of African Studies, Columbia University 2017- Present Faculty Affiliate, Institute for Research in African-American Studies, Columbia University 2018- Present Faculty Affiliate, Columbia Population Research Center (CPRC) 2018- Present Board Member, African Economic History Network (AEHN) 2018- 2021 Board Member, National Economic Association 2019- Present Board Member, Northeastern Agricultural and Resource Economics Association (NAREA) 2019- Present Faculty Affiliate, Center for Environmental Economics and Policy (CEEP), Columbia University 2021- Present Researcher, Abdul Latif Jameel Poverty Action Lab (J-PAL), King Climate Action Initiative RESEARCH AND TEACHING FIELDS Fields: Development Economics, Political Economy, Economic History, Environmental Economics PUBLICATIONS Archibong, B., Coulibaly, B., & Okonjo-Iweala, N., (2021).
    [Show full text]