A PYMNTS Company

Boosting the Crisis Economy Competition as an Ally

BY | June 11, 2009

This article is part of a Chronicle. See more from this Chronicle Rainer Lindberg, Jun 13, 2009 There is well-established empirical evidence that competition spurring efficiency promotes productivity within firms…

This article is part of a Chronicle. See more from this Chronicle

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

...
THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 44.210.99.209

Please verify email or join us to access premium content!