Resource title

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

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

Resource description

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.

Resource author

Yu-Fu Chen, Michael Funke

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19027

Resource license

Adapt according to the presented license agreement and reference the original author.