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Market Structure and the Growth Process
- Source :
- Review of Economic Dynamics. 1(1):276-305
- Publication Year :
- 1998
-
Abstract
- Recent empirical work has pointed to a positive correlation between product market competition and productivity growth . In this lecture we try to reconcile this evidence with the Schumpterian growth paradigm. Three alternative explanations are successively considered, respectively based upon agency considerations, the tacit nature of knowledge, and the decomposition of R and D activities into research and development. Journal of Economic Literature Classification Numbers: O4, D4.
Details
- Volume :
- 1
- Issue :
- 1
- Database :
- OpenAIRE
- Journal :
- Review of Economic Dynamics
- Accession number :
- edsair.doi.dedup.....fcf9ab97e70ccfdf18560eb6df868c7e
- Full Text :
- https://doi.org/10.1006/redy.1997.0007