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This paper examines how the degree of interbank competition affects real economic growth, growth patterns, and consumer …
Persistent link: https://www.econbiz.de/10013491622
This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …. From a long-run perspective, one can see that gains from competition-enhancing regulatory reform are likely to exceed … taking a dynamic perspective on competition and efficiency, one can also understand better the new modes of competition …
Persistent link: https://www.econbiz.de/10012446761
This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run …. From a long-run perspective, one can see that gains from competition-enhancing regulatory reform are likely to exceed … taking a dynamic perspective on competition and efficiency, one can also understand better the new modes of competition …
Persistent link: https://www.econbiz.de/10014113850
-country variance. We find evidence that reforms promoting private governance and competition (where these are viable) tend to boost …
Persistent link: https://www.econbiz.de/10012443921
privatization policies as a possible source of cross-country dispersion in growth outcomes. They suggest that, despite extensive … liberalization and privatization in the OECD area, the cross-country variation of regulatory settings has increased in recent years … its cross-country variance. Regressing MFP on both economywide indicators of regulation and privatization and industry …
Persistent link: https://www.econbiz.de/10014088762
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of … competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth … Japanese economy had difficulty in coming out of the quasi-stagnation of the past decade. Recognising that gains from more pro-competition …
Persistent link: https://www.econbiz.de/10012444046
competition is important for promoting economic growth. Recognising the benefits of competition, the government wants to introduce … regulatory reforms to stimulate economic growth. However, the promotion of competition has often conflicted with other policy … competition in a number of sectors, resulting in high prices, weak innovative activity and inefficient resource allocation …
Persistent link: https://www.econbiz.de/10012444401
. Available cross-country evidence suggests that enhancing competition is an important means to improve economic performance …. France is catching up with best practice in competition policy reform. However, other policy considerations often hamper the … emergence of effective competition. Relatively weak competitive pressures remain in a number of sectors, particularly in …
Persistent link: https://www.econbiz.de/10012445441
Persistent link: https://www.econbiz.de/10013426949
The marginal product of human capital in Mankiw, Romer, and Weil's [1992] augmented Solow model measures the direct and two external effects of human capital created from schooling on national income. If this model is valid, its estimates of the share of this marginal product accruing to workers...
Persistent link: https://www.econbiz.de/10013070866