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Endogenous Market Structures and Growth

In: Endogenous Market Structures and the Macroeconomy

Author

Listed:
  • Federico Etro

    (Università Milano-Bicocca)

Abstract

According to Schumpeter (1942), market power provides the incentives to invest and innovate and so it stimulates growth. The recent revival of this important observation, started with the work by Romer (1990) and Aghion and Howitt (1992), has formalized this idea of creative destruction.

Suggested Citation

  • Federico Etro, 2009. "Endogenous Market Structures and Growth," Springer Books, in: Endogenous Market Structures and the Macroeconomy, chapter 5, pages 197-246, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-87427-0_5
    DOI: 10.1007/978-3-540-87427-0_5
    as

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