Arnold, Lutz G. and Bauer, Christian (2009) On the Growth and Welfare Effects of Monopolistic Distortions. Journal of Economics 97 (1), pp. 19-40.
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The most fundamental proposition about growth and competition is that there is a tradeoff between static welfare and long-term growth. This paper reconsiders this basic proposition in an expanding variety endogenous growth model with competitive markets for “old” innovative products and for a traditional good. We shed light on some implications of monopolistic distortions which tend to be ignored ...
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|Institutions:||Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold)|
|Keywords:||Endogenous growth - Competition - Deregulation - Poverty trap - Trade liberalization|
|Subjects:||300 Social sciences > 330 Economics|
|Refereed:||Yes, this version has been refereed|
|Created at the University of Regensburg:||Unknown|
|Deposited On:||28 Jun 2010 08:50|
|Last Modified:||28 Jun 2010 08:50|