English, Article edition: Market Structure and the Growth Process Philippe Aghion; Peter Howitt

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Market Structure and the Growth Process
Author
  • Philippe Aghion
  • Peter Howitt
Physical Description
  • article
Notes
  • 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. (Copyright: Elsevier)
  • RePEc:red:issued:v:1:y:1998:i:1:p:276-305
Language
  • English
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