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On the Growth and Welfare Effects of Monopolistic Distortions

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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Item type:Article
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold)
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Keywords:Endogenous growth - Competition - Deregulation - Poverty trap - Trade liberalization
Dewey Decimal Classification:300 Social sciences > 330 Economics
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Unknown
Item ID:15562
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