haku: @author Aghion, P. / yhteensä: 25
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| Tekijä: | Aghion, P. Howitt, H. |
| Otsikko: | Market structure and the growth process |
| Lehti: | Review of Economic Dynamics
1998 : JAN, VOL. 1:1, p. 276-305 |
| Asiasana: | ECONOMIC DYNAMICS MARKET STRUCTURE GROWTH |
| Kieli: | eng |
| Tiivistelmä: | Recent empirical work has pointed to a positive correlation between product market competition and productivity growth. In this lecture the authors try to reconcile this evidence with the Schumpterian growth paradigm. Three alternative explanations are successively considered, respectively based upon agency considerations, the tacit nature of knowledge, and the decomposition of R and D activities into research and development. |
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