Competition and growth: reconciling theory and evidence
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass. [u.a.]
MIT Press
2005
|
| Schriftenreihe: | Zeuthen lecture book series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis Klappentext |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | X, 104 S. graph. Darst. |
| ISBN: | 0262012189 |
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Datensatz im Suchindex
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| adam_text | Contents
Series Foreword
Acknowledgments
Introduction
1
2
3
4
Epilogue
Notes
References
Index
Competition and Growth
RECONCILING THEORY AND EVIDENCE
Philippe Aghion and Rachel Griffith
Though competition occupies a prominent place in the his¬
tory of economic thought, among economists today there is
still a limited, and sometimes contradictory, understanding
of its impact. In Competition and Growth, Philippe Aghion
and Rachel Griffith offer the first serious attempt to provide
a unified and coherent account of the effect competition
policy and deregulated entry have on economic growth.
The book takes the form of a dialogue between an
applied theorist calling on Schumpeterian growth models
and a microeconometrician employing new techniques to
gauge competition and entry. In each chapter, theoretical
models are systematically confronted with empirical data
that either invalidate the models or suggest changes in
the modeling strategy. Aghion and Griffith note a funda¬
mental divorce between theorists and empiricists who
previously worked on these questions. On the one hand,
existing models in
economics all predict a negative effect of competition on
innovation and growth: namely, that competition is bad for
growth because it reduces the monopoly rents that reward
successful innovators. On the other hand, common wisdom
and recent empirical studies point to a positive effect of
competition on productivity growth. To reconcile theory and
evidence, the authors distinguish between
innovation rents, and propose that innovation may be a
way to escape competition, an idea that they confront with
microeconomic data. The book s detailed analysis should
aid scholars and policymakers in understanding how the
benefits of tougher competition can be achieved while at
the same time mitigating the negative effects competition
and imitation may have on some sectors or industries.
Philippe Aghiori ¡s
University. He is the coauthor (with Peter Howitt} of
Endogenous Growth Theory (Mil
Griffith is Deputy Director at the Institute for Fiscal Studies
(IFS) and a Reader in
College London.
|
| adam_txt |
Contents
Series Foreword
Acknowledgments
Introduction
1
2
3
4
Epilogue
Notes
References
Index
Competition and Growth
RECONCILING THEORY AND EVIDENCE
Philippe Aghion and Rachel Griffith
Though competition occupies a prominent place in the his¬
tory of economic thought, among economists today there is
still a limited, and sometimes contradictory, understanding
of its impact. In Competition and Growth, Philippe Aghion
and Rachel Griffith offer the first serious attempt to provide
a unified and coherent account of the effect competition
policy and deregulated entry have on economic growth.
The book takes the form of a dialogue between an
applied theorist calling on "Schumpeterian growth" models
and a microeconometrician employing new techniques to
gauge competition and entry. In each chapter, theoretical
models are systematically confronted with empirical data
that either invalidate the models or suggest changes in
the modeling strategy. Aghion and Griffith note a funda¬
mental divorce between theorists and empiricists who
previously worked on these questions. On the one hand,
existing models in
economics all predict a negative effect of competition on
innovation and growth: namely, that competition is bad for
growth because it reduces the monopoly rents that reward
successful innovators. On the other hand, common wisdom
and recent empirical studies point to a positive effect of
competition on productivity growth. To reconcile theory and
evidence, the authors distinguish between
innovation rents, and propose that innovation may be a
way to escape competition, an idea that they confront with
microeconomic data. The book's detailed analysis should
aid scholars and policymakers in understanding how the
benefits of tougher competition can be achieved while at
the same time mitigating the negative effects competition
and imitation may have on some sectors or industries.
Philippe Aghiori ¡s
University. He is the coauthor (with Peter Howitt} of
Endogenous Growth Theory (Mil
Griffith is Deputy Director at the Institute for Fiscal Studies
(IFS) and a Reader in
College London. |
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| isbn | 0262012189 |
| language | English |
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| spelling | Aghion, Philippe 1956- Verfasser (DE-588)124546706 aut Competition and growth reconciling theory and evidence Philippe Aghion and Rachel Griffith Cambridge, Mass. [u.a.] MIT Press 2005 X, 104 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Zeuthen lecture book series Includes bibliographical references and index Concurrentiebeleid Economische groei Politik Wirtschaftsentwicklung Competition Government policy Economic development Wettbewerb (DE-588)4065835-1 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 s Wettbewerb (DE-588)4065835-1 s DE-604 Griffith, Rachel Verfasser (DE-588)124546412 aut Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014154979&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014154979&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
| spellingShingle | Aghion, Philippe 1956- Griffith, Rachel Competition and growth reconciling theory and evidence Concurrentiebeleid Economische groei Politik Wirtschaftsentwicklung Competition Government policy Economic development Wettbewerb (DE-588)4065835-1 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| subject_GND | (DE-588)4065835-1 (DE-588)4066527-6 |
| title | Competition and growth reconciling theory and evidence |
| title_auth | Competition and growth reconciling theory and evidence |
| title_exact_search | Competition and growth reconciling theory and evidence |
| title_exact_search_txtP | Competition and growth reconciling theory and evidence |
| title_full | Competition and growth reconciling theory and evidence Philippe Aghion and Rachel Griffith |
| title_fullStr | Competition and growth reconciling theory and evidence Philippe Aghion and Rachel Griffith |
| title_full_unstemmed | Competition and growth reconciling theory and evidence Philippe Aghion and Rachel Griffith |
| title_short | Competition and growth |
| title_sort | competition and growth reconciling theory and evidence |
| title_sub | reconciling theory and evidence |
| topic | Concurrentiebeleid Economische groei Politik Wirtschaftsentwicklung Competition Government policy Economic development Wettbewerb (DE-588)4065835-1 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| topic_facet | Concurrentiebeleid Economische groei Politik Wirtschaftsentwicklung Competition Government policy Economic development Wettbewerb Wirtschaftswachstum |
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