EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/19027
  
Title:Product market competition, investment and employment-abundant versus job-poor growth : a real options perspective PDF Logo
Authors:Chen, Yu-Fu
Funke, Michael
Issue Date:2005
Series/Report no.:CESifo working papers 1563
Abstract: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.
Subjects:product market competition
regulation
real options
investment
employment
JEL:L51
J23
D92
D81
C61
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
cesifo1_wp1563.pdf824.57 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/19027

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.