Endogenous Market Structures and Growth

Federico Etro ()

Chapter 5 in Endogenous Market Structures and the Macroeconomy, 2009, pp 197-246 from Springer

Abstract: Abstract According to Schumpeter (1942), market power provides the incentives to invest and innovate and so it stimulates growth. The recent revival of this important observation, started with the work by Romer (1990) and Aghion and Howitt (1992), has formalized this idea of creative destruction.

Keywords: Monetary Policy; Intermediate Good; Balance Growth Path; Entry Pressure; Price Stickiness (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-3-540-87427-0_5

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