| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7318 |
| DP7318 Mapping prices into productivity in multisector growth models | |
| Liwa Rachel Ngai; Roberto Samaniego | |
| 发表日期 | 2009-06-07 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | The paper studies the impact of market integration on investment incentives in non-competitive industries. It distinguishes between investment in transportation and production cost-reducing technologies. Each domestic firm is controlled by a national regulator in a common market made of two countries. When public funds are costly, and production costs in the two countries are not very different, business stealing effect decreases welfare in both countries. Welfare increases in both countries when the difference in production costs is large enough. Market integration tends to increase the level of sustainable investment in cost-reducing technology compared to autarky. This is in contrast with the systematic underinvestment problem arising for transportation facilities. Free-riding reduces the incentives to invest in these public-good components, while business-stealing reduces the capacity for financing new investment. |
| 主题 | Development Economics ; Industrial Organization |
| 关键词 | Competition investment market integration Regulation |
| URL | https://cepr.org/publications/dp7318 |
| 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/536149 |
| 推荐引用方式 GB/T 7714 | Liwa Rachel Ngai,Roberto Samaniego. DP7318 Mapping prices into productivity in multisector growth models. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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