enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main … competition-friendly and therefore more growth-enhancing. …

product market competition. This leads to more effective weeding out of the existing high-cost firms in the market. In this …

competition is shown to have a stimulating effect on growth. Indeed, by reducing the amount of slack a manager can afford while … keeping his firm alive, competition, combined with the threat of liquidation acts as a disciplinary device which fosters … this growth-enhancing effect of competition. …

market competition. We use a circular model with asymmetric production costs both for incumbent firms and potential entrants …, where unit transport cost measures the intensity of competition (quality of infrastructure). The static and dynamic welfare …, as measured by the distribution of costs in the economy, the number of incumbent firms, the degree of market competition …