Potere di mercato ed innovazione tecnologica nei recenti modelli di crescita endogena con concorrenza imperfetta
AbstractThis paper overviews the main interactions between product market competition and long run growth. We focus on the first generation of R&D-based growth models and keep distinguished the vertical from the horizontal differentiation approaches. Our main objective is to study why these two branches of the same literature give different predictions as far as the long-run relationship between competition and growth is concerned. At this aim we introduce a generalised version of the growth models with horizontal differentiation and deterministic R&D activity which allows us to highlight the main differences between the two research lines. In the second part of the article we also review the literature that endogenises the markups and eliminates the scale-effects prediction.
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Bibliographic InfoPaper provided by Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano in its series Departmental Working Papers with number 2002-05.
Date of creation: 01 Jan 2002
Date of revision:
Product Differentiation; Market Power; Technological Change; Endogenous Growth;
Find related papers by JEL classification:
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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