| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2687 |
| DP2687 The Race To the Bottom, From the Bottom | |
| Ravi Kanbur; Nancy H Chau | |
| 发表日期 | 2001-02-27 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper analyses the link between the internal organization of firms, their individual life cycle and the whole process of macroeconomic growth. We present a Schumpeterian growth model in which firms face dynamic agency costs. These agency costs are due to the formation of vertical collusions within the organization. To respond to the opportunity of internal collusion, firms go through a whole life cycle, becoming more bureaucratized and less efficient over time. This bureaucratization affects both the intertemporal distribution of profits in a given sector and the distribution of output across sectors. In a general equilibrium model, bureaucratization has two effects: a profitability effect on the return of innovation and a reallocation effect on the skilled labour market. First, we analyse the existence and properties of stationary equilibrium growth. Second, we endogenize the transaction costs of side-contracting and show how the growth rate depends on various organizational parameters of firms. |
| 主题 | International Macroeconomics ; Industrial Organization |
| 关键词 | Bureaucratization Schumpeterian growth Dynamic collusion Internal organization of the firm |
| URL | https://cepr.org/publications/dp2687 |
| 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/531746 |
| 推荐引用方式 GB/T 7714 | Ravi Kanbur,Nancy H Chau. DP2687 The Race To the Bottom, From the Bottom. 2001. |
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