| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10416 |
| 来源ID | Working Paper 10416 |
| Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment | |
| Tamim Bayoumi; Douglas Laxton; Paolo Pesenti | |
| 发表日期 | 2004-04-12 |
| 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 labor 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 | Econometrics ; Estimation Methods ; Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w10416 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568045 |
| 推荐引用方式 GB/T 7714 | Tamim Bayoumi,Douglas Laxton,Paolo Pesenti. Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10416.pdf（559KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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