Pietro F. Peretto | Scholars@Duke

Pietro F. Peretto
Professor of Economics

Peretto is a macroeconomist who studies the sources and effects of technological change mainly using endogenous growth theory. With this focus, he has studied international trade, growth and innovation, market structure, corporate taxation, industrial organization, development and the environment, R&D, demography, and more. He has been publishing his research for nearly three decades and has had his work appear in books and leading academic journals. He is Associate Editor of the Journal of 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
Personal Website

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
Research
Selected Grants
- Carbon Policy and Induced Technical Change: Market Structure, Increasing Returns, and Secondary Benefits awarded by Department of Energy 1997 - 2001
Publications & Artistic Works
Selected Publications
- Academic Articles
  - Iacopetta, M., and P. F. Peretto. “Corporate governance and industrialization (Accepted).” European Economic Review 135 (June 1, 2021). https://doi.org/10.1016/j.euroecorev.2021.103718.
    Full Text
  - Brunnschweiler, C. N., P. F. Peretto, and S. Valente. “Wealth creation, wealth dilution and demography.” Journal of Monetary Economics 117 (January 1, 2021): 441–59. https://doi.org/10.1016/j.jmoneco.2020.02.002.
    Full Text
  - Chu, A. C., Y. Furukawa, S. Mallick, P. Peretto, and X. Wang. “Dynamic effects of patent policy on innovation and inequality in a Schumpeterian economy.” Economic Theory, January 1, 2021. https://doi.org/10.1007/s00199-021-01357-6.
    Full Text
  - Ferraro, D., S. Ghazi, and P. F. Peretto. “Implications of tax policy for innovation and aggregate productivity growth.” European Economic Review 130 (November 1, 2020). https://doi.org/10.1016/j.euroecorev.2020.103590.
    Full Text
  - Coffey, B., P. A. McLaughlin, and P. Peretto. “The cumulative cost of regulations.” Review of Economic Dynamics 38 (October 1, 2020): 1–21. https://doi.org/10.1016/j.red.2020.03.004.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text Open Access Copy
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - Peretto, P. F. “Fiscal policy and long-run growth in R&D-based models with endogenous market structure.” Journal of Economic Growth 8, no. 3 (September 1, 2003): 325–47. https://doi.org/10.1023/A:1026288415768.
    Full Text
  - Connolly, M., and P. F. Peretto. “Industry and the family: Two engines of growth.” Journal of Economic Growth 8, no. 1 (March 1, 2003): 115–48. https://doi.org/10.1023/A:1022864901652.
    Full Text
  - 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
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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, P. F. “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. https://doi.org/10.1023/A:1009722031825.
    Full Text
  - Peretto, P. F. “Technological change and population growth.” Journal of Economic Growth 3, no. 4 (January 1, 1998): 283–311. https://doi.org/10.1023/A:1009799405456.
    Full Text
  - 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 (January 1, 1997): 801–26. https://doi.org/10.1016/s0167-7187(97)00012-x.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
  - 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.
    Full Text
- 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.
    Full Text
Teaching & Mentoring
Recent Courses
- ECON 392: Independent Study 2021
- ECON 602: Macroeconomic Theory 2021
- ECON 902: Macroeconomics and International Economics Workshop 2021
- ECON 452: Economic Growth 2020
- ECON 591: Independent Study 2020
- ECON 602: Macroeconomic Theory 2020
- ECON 652: Economic Growth 2020
- ECON 902: Macroeconomics and International Economics Workshop 2020
- ICS 452: Economic Growth 2020
- ECON 452: Economic Growth 2019
- ECON 602: Macroeconomic Theory 2019
- ECON 652: Economic Growth 2019
- ECON 882: Special Topics in Macro International Finance 2019
- ECON 902: Macroeconomics and International Economics Workshop 2019
- ICS 452: Economic Growth 2019

Some information on this profile has been compiled automatically from Duke databases and external sources. (Our About page explains how this works.) If you see a problem with the information, please write to Scholars@Duke and let us know. We will reply promptly.

Education, Training, & Certifications

Duke Appointment History

Global Scholarship

Teaching

Selected Grants

Selected Publications

Academic Articles

Book Sections

Scholarly Editions

Recent Courses