Competition And Growth: Reconciling Theory And Evidence - Hardcover

Aghion, Philippe; Griffith, Rachel

Hardcover

ISBN 10: 0262012189 ISBN 13: 9780262012188

Publisher: Mit Pr, 2005

Synopsis

Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth.The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect o

About this title

About the Authors

Rachel Griffith is Deputy Director at the Institute for Fiscal Studies (IFS) and a Reader in Industrial Organization at Unviersity College London.

Rachel Griffith is Deputy Director at the Institute for Fiscal Studies (IFS) and a Reader in Industrial Organization at University College London.

Edition details

• Publisher: Mit Pr
• Publication date: 2005
• Language: English
• ISBN 10: 0262012189
• ISBN 13: 9780262012188
• Binding: Hardcover
• Number of pages: 104