Summer School 2019

Overview of previous editions of the UB School of Economics Summer School: 2014 | 2015 | 2016 | 2017 | 2018

The Economics of Growth: Innovation, Rivalry, and Institutions

July 1-5, 2019

Almost a century ago Joseph A. Schumpeter argued that the capitalist system is an engine of growth driven by technological change and that this is the outcome of market rivalry. Firms continuously strive to improve and defend their market position at the expense of other firms. Modern growth theory provides a unified, consistent framework for modeling this process.


Within the time limits of this course, we will study the foundations of this framework and use the most recent advances in modeling to shed light on old and new questions concerning development and growth. Market imperfections are inherent in this framework and there is a need for institutional corrections. We will integrate government regulations in the framework, which will allows us to think about real-world problems in a novel and more productive way. We will also test certain hypotheses and implications of this framework.


Academic Coordinator for the 2019 edition: Vahagn Jerbashian (Universitat de Barcelona & BEAT)


Check the full programme with all the activities scheduled!



Pietro F. Peretto is Professor at the Department of Economics at Duke University. His fields of interest are Economic Growth, Macroeconomics, Industrial Organisation, and International Economics. Professor Peretto was awarded PhD in Economics by Yale University in 1994. He has been publishing his research for over two decades in leading academic journals. His most recent research papers have focused on growth and development, institutions, and resource abundance. His studies have also explored topics such as international trade, corporate taxation, industrial organisation, development and the environment, innovation, and more.


Vahagn Jerbashian is Assistant Professor at the Department of Economics at the University of Barcelona, where he is also a member of Center for Research in Welfare Economics (CREB) and Barcelona Economics Analysis Team (BEAT). He was awarded PhD in Economics by CERGE-EI in 2013. His research interests span from topics in Industrial Organisation to Macroeconomics. His research primarily focuses on issues related to economic growth, knowledge and human capital accumulation, patents, and competition.

Course outline and schedule

In this course, we will look at three types of innovation by entrepreneurs and firms: (1) development of products and market entry; (2) development of higher quality products than existing ones and market entry with “creative destruction;” and (3) “creative accumulation” within firms, which enhances their productivity and product quality. The main focus of the course is on the third type of innovation, which is more in line with theory and evidence from IO. Download the syllabus here.


Section 1 | Lecturer: Vahagn Jerbashian

1. The preliminaries of endogenous growth theory
2. In-house innovation, patents, licensing, and growth
3. Innovation and rivalry for product market and inputs
4. Competition and innovation: Theory and empirical evidence


Section 2 | Lecturer: Pietro F. Peretto

5. Notable extensions of Peretto-Smulders knowledge-based model
6. Introducing natural resources and richer production structure
7. The multi-sector version of the model
8. Applications and recent extensions: Corporate governance, entry, innovation and growth


This Summer School includes also a workshop where advanced students can present their works and receive feedback.



Dates: July 1st-5th, 2019
Lecture hours: 20 hours


Monday Tuesday Wednesday Thursday Friday
9:00 – 11:00 Section 1 Section 1 Section 1 Section 1 Section 1
11:30 – 13:30
Section 2 Section 2 Section 2 Section 2 Section 2
14:30 – 16:30
        –           – Workshop        –


Applications are open until June 16th, 2019 (extended deadline: June 23rd, 2019or until all places are filled. Applications will be reviewed by the Summer School academic coordinator on a rolling basis throughout the entire application period. Resolutions will be notified by email.

Candidates to the Summer School programme at the UB School of Economics should ensure that they meet the requirements before applying to the course:


-Students should possess a solid background in Economics or related field. Being a Master or PhD student in a relevant area will be considered a plus in the admissions process.

-Although no language certificate is required, we expect all applicants to show full competency in English.

Tuition Fees


General fee: 710 euros

Student fee: 475 euros


Fees cover: coffee breaks, the welcome dinner, the farewell cocktail, unlimited access to the UB Sports Centre and any material required for the course. They do not cover accommodation, transport or any other services.


Student fee eligibility: We will only consider you for the Student Reduced Fee if you are a full-time PhD or Master student enrolled at a university or college, or if you have just finished university or if you are starting university in the same year as the Summer School course. You will be asked to provide a proof of this status at the moment of the application.


Payments: Participants offered a place on the Summer School will receive an e-mail with (i) the admission letter and (ii) the payment instructions. Payments of the tuition fees are required to secure a place once offered.


Cancellation policy: All cancellations must be received in writing and sent in advance by email. Participants wishing to withdraw from the Summer School will have their tuition fees partially refunded according to the following policy: Prior to 15 days before the beginning of the course: full refund of the registration fee, less €100 of administrative costs.




Master and PhD students seeking financial aid may apply for one of the five scholarships available. Each scholarship covers the course tuition fees. Applicants should add (i) a cover letter and (ii) a support letter from their supervisor or professor to the online application form. Please note that candidates already graduated will not be eligible to apply for scholarships.


Deadline for registration including scholarship application is April 30th, 2019. Applications will be reviewed by the Summer School academic coordinator. Priority will be given to those working on a clearly related topic. The list of awarded participants will be published by May 15th, 2019.


Tuition fees already paid by participants awarded with one of the scholarships will be reimbursed as soon as possible.


List of awarded candidates | Waiting list


Attendance Certificates


Summer School at the UB School of Economics is accredited in accordance with the European Credit Transfer System and will be recognized by the University of Barcelona as 2 ECTS credits.


ECTS – a common language for academic recognition: ECTS, the European Credit Transfer and Accumulation System, was developed by the European Commission in order to provide common procedures to guarantee academic recognition of studies abroad. It provides a way of measuring and comparing learning achievements and transferring them from one institution to another. This is achieved through the use of common ECTS credit units and a common ECTS grading scale.