| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4466 |
| DP4466 Curb Your Innovation: Corporate Conservatism in the Presence of Imperfect Intellectual Property Rights | |
| Ronny Razin; Mariagiovanna Baccara | |
| 发表日期 | 2004-07-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and labour markets, this Paper estimates the macroeconomic benefits and international spillovers of an increase in competition. After calibrating the model to the euro area vs. the rest of the industrial world, the Paper draws three conclusions. First, greater competition produces large effects on macroeconomic performance, as measured by standard indicators. In particular, we show that differences in competition can account for over half of the current gap in GDP per capita between the euro area and the US. Second, it may improve macroeconomic management by increasing the responsiveness of wages and prices to market conditions. Third, greater competition can generate positive spillovers to the rest of the world through its impact on the terms of trade. |
| 主题 | International Macroeconomics |
| 关键词 | Competition Mark-ups monetary policy Taylor rule |
| URL | https://cepr.org/publications/dp4466 |
| 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/533414 |
| 推荐引用方式 GB/T 7714 | Ronny Razin,Mariagiovanna Baccara. DP4466 Curb Your Innovation: Corporate Conservatism in the Presence of Imperfect Intellectual Property Rights. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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