Pietro F. Peretto

Professor of Economics

External Address: 
241 Social Sciences, Box 90097, Durham, NC 27708
Internal Office Address: 
Box 90097
(919) 660-1807

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.”


  • Ph.D., Yale University 1994

Coffey, B, McLaughlin, PA, and Peretto, PF. "The Cumulative Cost of Regulations." (April 26, 2016).

Ferraro, D, and Peretto, PF. "Commodity Prices and Growth." Duke I&E Research Paper, no. 2016 (January 22, 2016).

Peretto, PF. "From Smith to Schumpeter: A Theory of Take-Off and Convergence to Sustained Growth." European Economic Review 78 (August 2015): 1-26. (Working Paper) Full Text Open Access Copy

Iacopetta, M, Minetti, R, and Peretto, PF. "Financial Markets, Industry Dynamics, and Growth." Economic Research Initiatives at Duke (ERID), no. 172 (August 27, 2014). (Working Paper) Open Access Copy

Cetorelli, N, and Peretto, PF. "Credit quantity and credit quality: Bank competition and capital accumulation." Journal of Economic Theory 147, no. 3 (2012): 967-998. Full Text

Peretto, PF. "Resource abundance, growth and welfare: A Schumpeterian perspective." Journal of Development Economics 97, no. 1 (2012): 142-155. Full Text

Peretto, PF, and Valente, S. "Resources, innovation and growth in the global economy." Journal of Monetary Economics 58, no. 4 (2011): 387-399. Full Text

Peretto, PF. "The Growth and Welfare Effects of Deficit-Financed Dividend Tax Cuts." Journal of Money, Credit and Banking 43, no. 5 (2011): 835-869. Full Text

Sá, N, Connolly, M, and Peretto, P. "Sustaining the goose that lays the golden egg: A continuous treatment of technological transfer." Scottish Journal of Political Economy 56, no. 4 (2009): 492-507. Full Text


Peretto, PF. "Market Power, Unemployment, and Growth." In Frontiers of Economic Growth and Development,edited by O de La Grandville and EK Choi, 493-525. Great Britain: Emerald Group Publishing Limited, 2012. (Chapter) Full Text

Peretto, PF. "Variety, Spillovers and Market Structure in a Model of Endogenous Technological Change." In Increasing Returns and Economic Analysis,edited by KJ Arrow, YK Ng, and X Yang, 338-366. Great Britain: Macmillan Press Ltd, 1998. (Chapter) Full Text

Carbon Policy and Induced Technical Change: Market Structure.. awarded by Department of Energy (Principal Investigator). 1997 to 2001