Boosting the Crisis Economy Competition as an Ally

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Rainer Lindberg, Jun 13, 2009

There is well-established empirical evidence that competition spurring efficiency promotes productivity within firms and between firms. Competition at least in normal times seems to be an important factor to generate productivity, innovation, and growth. As Aghion-Griffith concluded, the view that competition and entry should promote efficiency and prosperity has now become a “common wisdom̶