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Product market competition, investment and employment-abundant versus job-poor growth : a real options perspective

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dc.creator Chen, Yu-Fu
dc.creator Funke, Michael
dc.date 2005
dc.date.accessioned 2013-10-16T07:02:26Z
dc.date.available 2013-10-16T07:02:26Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19027
dc.identifier ppn:503683752
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19027
dc.description The role of product market reforms in achieving the objective of higher employment and growth has recently received much attention amongst academics. The aim of this paper is to analyse some of the channels through which cross-market effects come about and to assess their policy relevance. The analytic strategy of this paper relies upon the stochastic real options modelling approach. In a nutshell, our simulations using numerical methods indicate that comprehensive product market reforms would increase factor demand and growth significantly in the medium and long run.
dc.language eng
dc.relation CESifo working papers 1563
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject L51
dc.subject J23
dc.subject D92
dc.subject D81
dc.subject C61
dc.subject ddc:330
dc.subject product market competition
dc.subject regulation
dc.subject real options
dc.subject investment
dc.subject employment
dc.subject Deregulierung
dc.subject Faktornachfrage
dc.subject Realoption
dc.subject Investition
dc.subject Beschäftigungseffekt
dc.subject Wettbewerb
dc.subject Theorie
dc.title Product market competition, investment and employment-abundant versus job-poor growth : a real options perspective
dc.type doc-type:workingPaper


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