Theoretical Economics Letters

Volume 2, Issue 3 (August 2012)

ISSN Print: 2162-2078   ISSN Online: 2162-2086

Google-based Impact Factor: 0.82  Citations  

Product Market Competition and Economic Growth: The Role of Increasing Returns to Production Specialization

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DOI: 10.4236/tel.2012.23043    4,253 Downloads   7,811 Views   Citations

ABSTRACT

In a simple one-sector endogenous growth model of imperfect competition, we show that the competitiveness-growth relationship can be mixed, crucially depending on the degree of the increasing returns to specialization. This ambiguity not only reconciles the theoretical prediction with the recent empirical evidence, but also provides a plausible explanation for the diversity in the competitiveness-growth relationship across countries.

Cite this paper

J. Chang and H. Hung, "Product Market Competition and Economic Growth: The Role of Increasing Returns to Production Specialization," Theoretical Economics Letters, Vol. 2 No. 3, 2012, pp. 233-238. doi: 10.4236/tel.2012.23043.

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淡江大學產業經濟學系碩士班學位論文, 2015

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