| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1788 |
| DP1788 Capacity and Product Market Competition: Measuring Market Power in a 'Fat-Cat' Industry | |
| Lars-Hendrik Röller; Robin Siekles | |
| 发表日期 | 1998-01-31 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | This paper addresses two puzzles of the growth literature: the failure of standard growth equations to account for slow growth in Latin America and Africa; and the surprising failure of trade to explain growth when trade liberalization appears to play a significant role. The paper shows that: i) African growth is readily explained by macroeconomic mismanagement and low investment; ii) trade liberalization should be taken as a proxy for good ?macroeconomic? management rather than a genuine measure of the effect of trade upon growth; and iii) poor growth in Latin America (which does not seem to be explained by the preceding feature) is explained well by a variable (constructed in the text) representing the likelihood of debt crisis. |
| 主题 | International Macroeconomics |
| 关键词 | Economic growth External debt Trade liberalisation |
| URL | https://cepr.org/publications/dp1788 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530931 |
| 推荐引用方式 GB/T 7714 | Lars-Hendrik Röller,Robin Siekles. DP1788 Capacity and Product Market Competition: Measuring Market Power in a 'Fat-Cat' Industry. 1998. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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