on the international distribution of technology. It focuses on long-term investment flows, as these are more affected by … context of various technology specifications, ranging from models with only one common technology to those with multiple and … endogenous technologies. The paper demonstrates that the theoretical specification of technology is crucial to the prediction of …

a high level of competition. What a country produces and how much it competes domestically and internationally are …

policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …

measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark for estimated real …

This paper shows that competition among regulators reduces regulatory standards relative to a centralized solution. It …

intensity of competition. Data on corporate rates of return, profit margins, and output-capital ratios reveal that the recent …

We study a simple general equilibrium model in which investment in a risky technology is subject to moral hazard and … banks can extract market power rents. We show that more bank competition results in lower economy-wide risk, lower bank … capital ratios, more efficient production plans and Pareto-ranked real allocations. Perfect competition supports a second best …

This paper investigates the empirical relationship between competition in the financial sector and the creation of … firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However …, consistent with theories of banking arguing that competition may reduce the availability of credit to informationally opaque …