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Does Product Market Competition Promote Economic Growth? ―Two Bargaining Systems and Creative Destruction―
http://hdl.handle.net/10723/2974
http://hdl.handle.net/10723/297493191784-a035-489a-b5d4-ed23830a2bdf
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
keizai_153_9-33.pdf (1.0 MB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2017-02-16 | |||||||
| タイトル | ||||||||
| タイトル | Does Product Market Competition Promote Economic Growth? ―Two Bargaining Systems and Creative Destruction― | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | product market competition | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | strategy for growth | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Okun's law | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | effcient bargaining (EB) | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | right-to-manage (RTM) | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | employment-creatig effect | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | incentive effect | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | unemployment benefit | |||||||
| 資源タイプ | ||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||
| 資源タイプ | departmental bulletin paper | |||||||
| 著者 |
MURO, Kazunobu
× MURO, Kazunobu
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| 著者別名 | ||||||||
| 識別子Scheme | WEKO | |||||||
| 識別子 | 5519 | |||||||
| 姓名 | 室, 和伸 | |||||||
| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | Is more intense product market competition good or bad for economic growth? This paper constructs an endogenous growth model with bargaining, and derives an inversed-U-shaped relationship between competition and growth. We compare two bargaining systems of effcient bargaining (EB) and right-to-manage (RTM) in the model of creative destruction. An increase in the bargaining power of labor which decreases the number of researchers always decays growth. If the unemployment rate is high, or if the degree of competition is low, policies for promoting competition are good for growth. Greater competition reduces monopoly rents that induce firms to innovate while it decreases the natural rate of unemployment and increases total employment. Since the degree of competition for maximizing the rate of economic growth in the RTM is larger than in the EB, the optimal competitive strategy for growth depends on which of bargaining systems an economy adopts. When unemployment benefits are low, the positive effect of competition on growth emerges easily because Okun's law works effectively. We propose strategies for growth. | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | 【論文／Articles】 | |||||||
| 書誌情報 |
明治学院大学経済研究 = The papers and proceedings of economics 巻 153, p. 9-33, 発行日 2017-01-31 |
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| ISSN | ||||||||
| 収録物識別子タイプ | ISSN | |||||||
| 収録物識別子 | 1349-483X | |||||||
| 書誌レコードID | ||||||||
| 収録物識別子タイプ | NCID | |||||||
| 収録物識別子 | AA11966517 | |||||||
| 著者版フラグ | ||||||||
| 出版タイプ | VoR | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||
| 出版者 | ||||||||
| 出版者 | 明治学院大学経済学会 | |||||||
| 資源タイプ | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | Article | |||||||
