Competition, innovation and growth with limited commitment

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Marimon, Ramon; Quadrini, Vincenzo. Competition, innovation and growth with limited commitment. 2005
To cite or link this document: Marimon, Ramon Quadrini, Vincenzo
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa 2005-12-01
dc.description.abstract We study how barriers to business start-up affect the investment in knowledge capital when contracts are not enforceable. Barriers to business start-up lower the competition for knowledge capital and, in absence of commitment, reduce the incentive to accumulate knowledge. As a result, countries with large barriers experience lower income and growth. Our results are consistent with cross-country evidence showing that the cost of business start-up is negatively correlated with the level and growth of income.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 933
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.title Competition, innovation and growth with limited commitment
dc.type info:eu-repo/semantics/workingPaper 2016-06-04T02:50:55Z
dc.subject.keyword Macroeconomics and International Economics
dc.subject.keyword innovation
dc.subject.keyword knowledge capital
dc.subject.keyword enforcement
dc.subject.keyword growth
dc.subject.keyword competition
dc.subject.keyword commitment
dc.subject.keyword recursive contracts
dc.subject.keyword mobility
dc.rights.accessRights info:eu-repo/semantics/openAccess

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