Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/19027
Authors: 
Chen, Yu-Fu
Funke, Michael
Year of Publication: 
2005
Series/Report no.: 
CESifo Working Paper 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

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