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http://hdl.handle.net/2445/110765
Title: | The telecommunications industry and economic growth: How the market structure matters |
Author: | Jerbashian, Vahagn |
Keywords: | Telecomunicació Creixement econòmic Mercat financer Telecommunication Economic growth Financial market |
Issue Date: | Dec-2015 |
Publisher: | Elsevier B.V. |
Abstract: | This paper presents an endogenous growth model where the telecommunications industry is the engine of growth. In such a framework, it analyzes how the market structure of the telecommunications industry can matter for its contribution to long-run growth. It shows that policies which increase the number of firms and/or toughen competition imply higher innovative effort in the telecommunications industry and strengthen its contribution. Modeling entry into the telecommunications industry, this paper also shows that the entry either stops after a number of firms have entered or continues permanently. In the long-run, it is socially optimal to have permanent entry. This can necessitate subsidies to entry into the telecommunications industry. |
Note: | Versió postprint del document publicat a: https://doi.org/10.1016/j.econmod.2015.09.004 |
It is part of: | Economic Modelling, 2015, vol. 51, num. December, p. 515-523 |
URI: | http://hdl.handle.net/2445/110765 |
Related resource: | https://doi.org/10.1016/j.econmod.2015.09.004 |
ISSN: | 0264-9993 |
Appears in Collections: | Articles publicats en revistes (Economia) |
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