Arnold, Lutz G.; Bauer, Christian J. - Wirtschaftswissenschaftliche Fakultät, Universität … - 2007
This paper proves three theorems on growth and competition in a standard increasing variety endogenous growth model and … draws conclusions for second-best competition policies. First, no growth may be better than some growth, since modest …. Third, such a "no-growth trap" may happen in a world economy made up of several countries engaged in free trade with each …