Studying market selection in Russia and abroad: Measurement problems, national specificity and stimulating methods
Journal of the New Economic Association, 2020, vol. 48, issue 4, 197-204
This article is devoted to the model of replicator dynamics as an evolutionary theory of competition between firms in economics. We describe in detail how to test this model based on empirical data, as well as the advantages and disadvantages of these methods. The results of testing the replicator dynamics model serve as a measure of the intensity of market selection in an economy. An overview of studies that have tested the replicator dynamics model abroad and in Russia is given. A number of conclusions is drawn about the specificity of functioning of market selection in Russia, in particular, about the presence of a large number of low-performing companies (zombie firms). Several proposals are also being made to stimulate competition in order to accelerate economic growth. In the conclusion, we suggest ways on how to improve the model of replicator dynamics taking into account value chains, and provide information about changes in the assessment of market selection based on world input-output data.
Keywords: competition; market selection; firm growth; replicator dynamics; zombie firms (search for similar items in EconPapers)
JEL-codes: D40 L11 L16 L50 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2020:i:48:p:197-204
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