, endogenous entry and cumulative investments make positive effects of competition on investment more likely. Imperfect upstream … competition weakens the effects of competition on investment. …Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative …

The paper studies the impact of market integration on investment incentives in non-competitive industries. It … distinguishes between investment in transportation and production cost-reducing technologies. Each domestic firm is controlled by a … investment in cost-reducing technology compared to autarky. This is in contrast with the systematic underinvestment problem …

; corporate governance; market structures and competition; and financial constraints. We conclude that private ownership and …

terms of trade. We take this evidence to suggest that the propagation mechanism for business cycles in Greece is fairly …

postwar period, and is used to assess the macroeconomic experience and policy options in Greece. …

in Greece. Using regional public investment data for 10 political periods (1975-2009), combined with electoral data by …This paper discusses how electoral politics shapes the regional allocation of public investment expenditures per capita … constituency, a model is proposed which captures the influence of politics on the regional distribution of public investment …

capital market liberalization, through exposure of the official sector to external competition and through the requirements …-good sector declines. In the medium run, industrial restructuring and increased competition could produce efficiency gains. The …

dynamics. We investigate the case of Greece, which has had a polarized political system and a problem of persistently high …