Pietro F. Peretto | Scholars@Duke

Pietro F. Peretto
Professor of Economics

Professor Peretto focuses his research pursuits on industrial organization, technological change, and other aspects pertaining to the field of macroeconomics. His studies have explored a variety of factors, such as international trade, growth and innovation, market structure, corporate taxation, industrial organization, development and the environment, R&D, and more. Much of his analyses of his subjects tend to utilize the endogenous growth theories. He has been publishing his research papers for nearly two decades, and has had his work appear in books and leading academic journals such as the International Journal of Industrial Organization, Increasing Returns and Economic Analysis, and various economic journals throughout Europe. Titles of his recent writings include, “Corporate Taxes, Growth and Welfare in a Schumpeterian Economy,” “Fiscal Policy and Long-run Growth in R&D Based Models with Endogenous Market Structure,” and “Industry and Family: Two Engines of Growth,” in addition to many others. Professor Peretto’s latest research projects involve exploring such subjects as resource scarcity, job creation, intra-industry trade, sustainable growth, and “deaths, births, and economic growth.”

Current Appointments & Affiliations

Professor of Economics, Economics, Trinity College of Arts & Sciences 2009
Faculty Network Member of The Energy Initiative, Duke University Energy Initiative, Initiatives 2012

Contact Information

241 Social Sciences, Box 90097, Durham, NC 27708
Box 90097, Durham, NC 27708-0097
peretto@econ.duke.edu (919) 660-1807
http://econ.duke.edu/~peretto

Background
Education, Training, & Certifications
- Ph.D., Yale University 1994
Duke Appointment History
- Associate Professor of Economics, Economics, Trinity College of Arts & Sciences 2001 - 2009
- Assistant Professor of Economics, Economics, Trinity College of Arts & Sciences 1994 - 2001
Expertise
Global Scholarship
- Teaching
  - Australia (Country)
  - France (Country)
Research
Selected Grants
- Carbon Policy and Induced Technical Change: Market Structure.. awarded by Department of Energy 1997 - 2001
Publications & Artistic Works
Selected Publications
- Academic Articles
  - Ferraro, D., and P. F. Peretto. “Innovation-led growth in a time of debt.” European Economic Review 121 (January 1, 2020). https://doi.org/10.1016/j.euroecorev.2019.103350.
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  - Kane, R. F., and P. F. Peretto. “More apples vs. better apples: Distribution and innovation-driven growth.” Journal of Economic Theory 185 (January 1, 2020). https://doi.org/10.1016/j.jet.2019.104964.
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  - Ferraro, D., and P. F. Peretto. “Commodity Prices and Growth.” Economic Journal 128, no. 616 (December 1, 2018): 3242–65. https://doi.org/10.1111/ecoj.12559.
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  - Peretto, P. F. “Robust endogenous growth.” European Economic Review 108 (September 1, 2018): 49–77. https://doi.org/10.1016/j.euroecorev.2018.06.007.
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  - Coffey, Bentley, Patrick A. McLaughlin, and Pietro F. Peretto. “The Cumulative Cost of Regulations.” Duke I&E Research Paper, no. 2016 (April 26, 2016).
  - Peretto, P. F. “From Smith to Schumpeter: A Theory of Take-Off and Convergence to Sustained Growth.” European Economic Review 78 (August 2015): 1–26. https://doi.org/10.1016/j.euroecorev.2015.05.001.
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  - Iacopetta, M., R. Minetti, and P. F. Peretto. “Financial Markets, Industry Dynamics, and Growth.” Economic Research Initiatives at Duke (Erid), no. 172 (August 27, 2014).
  - Peretto, P. “Comments on the paper: "Production process heterogeneity, time to build, and macroeconomic performance" by M. Amendola, J. L. Gaffard and F. Saraceno.” Revue De L’Ofce 124, no. 5 (November 2, 2012). https://doi.org/10.3917/reof.124.0513.
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  - Cetorelli, N., and P. F. Peretto. “Credit quantity and credit quality: Bank competition and capital accumulation.” Journal of Economic Theory 147, no. 3 (May 1, 2012): 967–98. https://doi.org/10.1016/j.jet.2012.01.006.
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  - Peretto, P. F. “Resource abundance, growth and welfare: A Schumpeterian perspective.” Journal of Development Economics 97, no. 1 (January 1, 2012): 142–55. https://doi.org/10.1016/j.jdeveco.2010.12.001.
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  - Peretto, P. F. “The Growth and Welfare Effects of Deficit-Financed Dividend Tax Cuts.” Journal of Money, Credit and Banking 43, no. 5 (August 1, 2011): 835–69. https://doi.org/10.1111/j.1538-4616.2011.00399.x.
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  - Peretto, P. F., and S. Valente. “Resources, innovation and growth in the global economy.” Journal of Monetary Economics 58, no. 4 (May 1, 2011): 387–99. https://doi.org/10.1016/j.jmoneco.2011.07.001.
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  - Sá, N., M. Connolly, and P. Peretto. “Sustaining the goose that lays the golden egg: A continuous treatment of technological transfer.” Scottish Journal of Political Economy 56, no. 4 (November 23, 2009): 492–507. https://doi.org/10.1111/j.1467-9485.2009.00495.x.
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  - Peretto, P. F. “Energy taxes and endogenous technological change.” Journal of Environmental Economics and Management 57, no. 3 (May 1, 2009): 269–83. https://doi.org/10.1016/j.jeem.2008.07.007.
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  - Peretto, P. F. “Effluent taxes, market structure, and the rate and direction of endogenous technological change.” Environmental and Resource Economics 39, no. 2 (February 1, 2008): 113–38. https://doi.org/10.1007/s10640-007-9101-z.
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  - Peretto, P. F., and M. Connolly. “The Manhattan metaphor.” Journal of Economic Growth 12, no. 4 (December 1, 2007): 329–50. https://doi.org/10.1007/s10887-007-9023-1.
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  - Peretto, P. F. “Corporate taxes, growth and welfare in a Schumpeterian economy.” Journal of Economic Theory 137, no. 1 (November 1, 2007): 353–82. https://doi.org/10.1016/j.jet.2006.11.005.
    Full Text Open Access Copy
  - Peretto, P. F. “Schumpeterian growth with productive public spending and distortionary taxation.” Review of Development Economics 11, no. 4 (November 1, 2007): 699–722. https://doi.org/10.1111/j.1467-9361.2007.00425.x.
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  - Laincz, C. A., and P. F. Peretto. “Scale effects in endogenous growth theory: An error of aggregation not specification.” Journal of Economic Growth 11, no. 3 (September 1, 2006): 263–88. https://doi.org/10.1007/s10887-006-9004-9.
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  - Peretto, P. F. “Endogenous market structure and the growth and welfare effects of economic integration.” Journal of International Economics 60, no. 1 (January 1, 2003): 177–201. https://doi.org/10.1016/S0022-1996(02)00025-9.
    Full Text Open Access Copy
  - Connolly, M, and Peretto, PF. "Industry and the family: Two engines of growth." Journal of Economic Growth 8, no. 1 (2003): 115-148. Full Text
  - Peretto, PF. "Fiscal policy and long-run growth in R&D-based models with endogenous market structure." Journal of Economic Growth 8, no. 3 (2003): 325-347. Full Text
  - Peretto, P., and S. Smulders. “Technological distance, growth and scale effects.” Economic Journal 112, no. 481 (January 1, 2002): 603–24. https://doi.org/10.1111/1468-0297.00732.
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  - Peretto, P. F. “Firm size, rivalry and the extent of the market in endogenous technological change.” European Economic Review 43, no. 9 (October 1, 1999): 1747–73. https://doi.org/10.1016/S0014-2921(98)00038-5.
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  - Peretto, P. F. “Industrial development, technological change, and long-run growth.” Journal of Development Economics 59, no. 2 (August 1, 1999): 389–417. https://doi.org/10.1016/S0304-3878(99)00018-8.
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  - Peretto, P. F. “Cost reduction, entry, and the interdependence of market structure and economic growth.” Journal of Monetary Economics 43, no. 1 (February 19, 1999): 173–95. https://doi.org/10.1016/S0304-3932(98)00040-3.
    Full Text Open Access Copy
  - Peretto, PF. "Technological change, market rivalry, and the evolution of the capitalist engine of growth." Journal of Economic Growth 3, no. 1 (January 1, 1998): 53-80. Full Text
  - Peretto, PF. "Technological change and population growth." Journal of Economic Growth 3, no. 4 (1998): 283-311.
  - Malerba, F., L. Orsenigo, and P. Peretto. “Persistence of innovative activities, sectoral patterns of innovation and international technological specialization.” International Journal of Industrial Organization 15, no. 6 (October 1, 1997): 801–26.
  - Peretto, P. F. “Sunk costs, market structure, and growth.” International Economic Review 37, no. 4 (January 1, 1996): 895–923. https://doi.org/10.2307/2527316.
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  - Peretto, P., F. Malerba, and A. Heimler. “Sources, Appropriability and Directions of Technological Change: USA and Italy.” Banca Nazionale Del Lavoro Quarterly Review, June 1993.
  - Peretto, P. “Technoloy, Learning Opportunity and Internaitonal Competitiveness: Some Empirical Evidence with Panel Data.” Giornale Degli Economisti, May 1990.
- Book Sections
  - Peretto, Pietro F. “Chapter 19 Market Power, Growth, and Unemployment.” In Frontiers of Economics and Globalization, 493–525. Emerald Group Publishing Limited, 2011. https://doi.org/10.1108/s1574-8715(2011)0000011024.
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  - Peretto, Pietro F. “Variety, Spillovers and Market Structure in a Model of Endogenous Technological Change.” In Increasing Returns and Economic Analysis, 338–66. Palgrave Macmillan UK, 1998. https://doi.org/10.1007/978-1-349-26255-7_21.
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- Scholarly Editions
  - Suphaphiphat, N., P. F. Peretto, and S. Valente. “Endogenous Growth and Property Rights over Renewable Resources,” 2015.
  - Peretto, P. F., and S. Valente. “Growth on a Finite Planet: Resources, Technology and Population in the Long Run,” June 30, 2011.
  - Peretto, P. F. “Market power, growth, and unemployment,” January 1, 2011. https://doi.org/10.1108/S1574-8715(2011)0000011024.
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Teaching & Mentoring
Recent Courses
- ECON 591: Independent Study 2020
- ECON 602: Macroeconomic Theory 2020
- ECON 902: Macroeconomics and International Economics Workshop 2020
- ECON 452: Economic Growth 2019
- ECON 652: Economic Growth 2019
- ECON 882: Special Topics in Macro International Finance 2019
- ICS 452: Economic Growth 2019
- ECON 593: Research Independent Study 2018

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Education, Training, & Certifications

Duke Appointment History

Global Scholarship

Teaching

Selected Grants

Selected Publications

Academic Articles

Book Sections

Scholarly Editions

Recent Courses