Market Structure and the Growth Process

Recent empirical work has pointed to a positive correlation between product market competition and productivity growth. In this lecture we 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. (Copyright: Elsevier)

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Year of publication:	1998
Authors:	Aghion, Philippe ; Howitt, Peter
Published in:	Review of Economic Dynamics. - Society for Economic Dynamics - SED. - Vol. 1.1998, 1, p. 276-305
Publisher:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Type of publication:	Article
Notes:	Published
Other identifiers:	10.1006/redy.1997.0007 [DOI]
Classification:	O4 - Economic Growth and Aggregate Productivity ; D4 - Market Structure and Pricing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005027375