Competition and Growth: Reconciling Theory and Evidence
Though competition occupies a prominent place in the history of economic thought,among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth.The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian...
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By systematically confronting theoretical models with econometric data, a leading macroeconomist and microeconomist present a unified and coherent view how and when productivity gains and economic growth are aided or hindered by competition policy.
1A divorce between theory and empirics72Revisiting common wisdom333Reconciling theory and evidence514The escape entry effect67
