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Saturday, August 1, 2020 | History

4 edition of Benefits and spillovers of greater competition in Europe found in the catalog.

Benefits and spillovers of greater competition in Europe

Tamim A. Bayoumi

Benefits and spillovers of greater competition in Europe

a macroeconomic assesment

by Tamim A. Bayoumi

  • 136 Want to read
  • 33 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Places:
  • European Union countries.
    • Subjects:
    • Competition -- European Union countries.

    • Edition Notes

      StatementTamin Bayoumi, Douglas Laxton, Paolo Pesenti.
      SeriesNBER working paper series ;, working paper 10416, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 10416.
      ContributionsLaxton, Douglas., Pesenti, Paolo., National Bureau of Economic Research.
      Classifications
      LC ClassificationsHB1
      The Physical Object
      FormatElectronic resource
      ID Numbers
      Open LibraryOL3476233M
      LC Control Number2005615698

      BibTeX @MISC{Bayoumi04reservesystem., author = {Tamim Bayoumi and Douglas Laxton and Paolo Pesenti and Tamim Bayoumi and Douglas Laxton and Paolo Pesenti}, title = {Reserve System. Any errors or omissions are the responsibility of the authors. Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment}, year = {}}. Strategic R&D Location by Multinational Firms: Spillovers, Technology Sourcing, and Competition Article in Journal of Economics & Management Strategy 17(3) September with 70 Reads.

      But to move beyond this insight much work remains to be done. The concept of knowledge spillovers has been generally treated as being homogeneous. Yet, surely not all knowledge is the same. We look for a greater taxonomy identifying the rich heterogeneity involved in knowledge and the process by which it spills by:   Startup Life 20 Brilliant Quotes on Competition From Highly Successful Business Leaders There is nothing like a good competition to push you even : Peter Economy.

      These results are consistent with the existence of knowledge spillovers from foreign affiliates to their local suppliers, but they may also be a result of increased competition in upstream sectors. While the former case would call for offering FDI incentive packages, it would not be the optimal policy in the latter. The article deals with the issue of knowledge spillovers in the European regions. For this purpose, a standard Knowledge Production Function (KPF) approach was extended by the application of spatial econometrics methods. Our analysis started from the construction of the alternative structures of the spatial weight matrices. These matrices were based on Cited by: 1.


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Benefits and spillovers of greater competition in Europe by Tamim A. Bayoumi Download PDF EPUB FB2

BENEFITS AND SPILLOVERS OF GREATER COMPETITION IN EUROPE: A MACROECONOMIC ASSESSMENT1 by Tamim Bayoumi2,Douglas Laxton3 and Paolo Pesenti4 1 We are indebted to Lawrence Christiano,Jerome Henry,and David Reifschneider for sharing data and simulation thank Ignazio. Second, it may improve macroeconomic management by increasing the responsiveness of wages and prices to market conditions.

Third, greater competition can generate positive spillovers to the rest of the world through its impact on the terms of trade. Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment1. Skip to: [Printable Version (PDF) An important advantage of a choice-theoretic model with explicit microfoundations is that the costs and benefits of a change in competition can be evaluated directly by computing the change in consumer welfare.

Downloadable. Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and labor markets, this paper estimates the macroeconomic benefits and international spillovers of an increase in competition.

After calibrating the model to the euro area vs. the rest of the industrial world, the paper draws three by: Second, greater competition may improve macroeconomic management by increasing the responsiveness of wages and prices to market conditions. Third, increased competition can generate positive spillovers to the rest of the world through its impact on the terms of trade.

BibTeX @MISC{Macroeconomic04benefitsand, author = {A Macroeconomic and Tamim Bayoumi and Paolo Pesenti and A Macroeconomic and Paolo Pesenti}, title = {BENEFITS AND SPILLOVERS OF GREATER COMPETITION IN EUROPE:}, year = {}}.

Second, it may improve macroeconomic management by increasing the responsiveness of wages and prices to market conditions.

Third, greater competition can generate positive spillovers Benefits and spillovers of greater competition in Europe book the rest of the world through its impact on the terms of by: Enter the password to open this PDF file: Cancel OK.

File name:. Benefits and spillovers of greater competition in Europe: a macroeconomic assessment. By Tamim Bayoumi, Douglas Laxton and Paolo Pesenti. this paper estimates the macroeconomic benefits and international spillovers of an increase in competition.

After calibrating the model to the euro area vs. the rest of the industrial world, the paper. Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment Article in SSRN Electronic Journal May with 59 Reads How we measure 'reads'.

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment. Tamim Bayoumi, Douglas Laxton and Paolo Pesenti. NoCEPR Discussion Papers from C.E.P.R. Discussion Papers Abstract: Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and labour markets, this Paper estimates the macroeconomic benefits Cited by: Bayoumi, T., D.

Laxton, and P. Pesenti (), Benefits and spillovers of greater competition in Europe: A macroeconomic assessment, NBER Working Paper Google Scholar Blanchard, O. and F. Giavazzi (), Macroeconomic effects of regulation and deregulation in goods and labour markets, NBER Working Paper Cited by: 1.

Benefits and spillovers of greater competition in Europe. Cambridge, Mass.: National Bureau of Economic Research, © (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Tamim A Bayoumi; Douglas Laxton; Paolo A Pesenti; National Bureau of Economic Research.

We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets.

We draw three conclusions after calibrating the model to the euro area against the rest of the industrial world. Abstract: Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and labor markets, this paper estimates the macroeconomic benefits and international spillovers of an increase in competition.

After calibrating the model to the euro area vs. the rest of the industrial world, the paper draws three conclusions. Get this from a library. Benefits and spillovers of greater competition in Europe: a macroeconomic assessment.

[Tamim A Bayoumi; Douglas Laxton; Paolo A Pesenti; National Bureau of Economic Research.] -- "Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and labor markets, this paper estimates the macroeconomic benefits.

competition in product and labor markets, this paper estimates the macroeconomic benefits and international spillovers of an increase in competition. After calibrating the model to the euro area vs. the rest of the industrial world, the paper draws three conclusions. First, greater competitionCited by: Greater competition from foreign firms has created additional pressures on firms to constantly search for ways to cut the costs of their products, which ultimately benefits the consumer.

Globalization also pushed economic efficiency in the economy, and low-efficient firms generally had to make greater space for high-efficiency firms. [32]. 6 See Bayoumi, Laxton and Pensenti (), “When Leaner isn’t Meaner: Measuring Benefits and Spillovers of Greater Competition in Europe”, ECB Working paper, for a description of the model.

7 S to ”, OECD working paper, No. ef o rx ample Conway, Janod and Nicoletti (), “product mrket regulati n siOECD c u t:File Size: KB. In economics a spillover is an economic event in one context that occurs because of something else in a seemingly unrelated context.

For example, externalities of economic activity are non-monetary spillover effects upon non-participants. Odors from a rendering plant are negative spillover effects upon its neighbors; the beauty of a homeowner's flower garden is a positive.

Foreign direct investment (FDI) is an integral part of an open and effective MAXIMISING BENEFITS, MINIMISING COSTS «OECD's books, ogy spillovers, assists human capital formation, contributes to international trade integration, helps create a more com-petitive business environment and enhances enterprise development.

All of these File Size: KB.Jamie O’Brien, in Shaping Knowledge, Complexity and modularity. Spillover results in, and necessitates, greater connectedness among innovators. Hence new knowledge has to be organized in a way that is mutually intelligible, for example encoded as patents or algorithms among many other means, and be exchanged within acknowledged domains such as .In addition, special exemptions were granted to this sector under the competition laws.

More recently, however, regulatory reform has lead to a substantially greater reliance on competition and a greater regulatory focus on prudential regulation. Against this background, the round-table explores regulatory reform and competition policy issues.