Arbeitspapier

Product market competition, investment and employment-abundant versus job-poor growth : a real options perspective

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.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 1563

Classification
Wirtschaft
Economics of Regulation
Labor Demand
Criteria for Decision-Making under Risk and Uncertainty
Optimization Techniques; Programming Models; Dynamic Analysis
Subject
product market competition
regulation
real options
investment
employment
Deregulierung
Faktornachfrage
Realoption
Investition
Beschäftigungseffekt
Wettbewerb
Theorie

Event
Geistige Schöpfung
(who)
Chen, Yu-Fu
Funke, Michael
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2005

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Chen, Yu-Fu
  • Funke, Michael
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2005

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