Carlin, Wendy; Fries, Steven; Schaffer, Mark E; … - C.E.P.R. Discussion Papers - 2001
general business environment and a range of measures of the intensity of competition as perceived by a firm. We find that … competition has an important and non-monotonic effect on the growth of sales and of labour productivity: some degree of perceived … market power is associated with higher sales growth, but competitive pressure is also important. Similar competition effects …