Jerbashian, Vahagn2017-05-102018-12-312015-120264-9993https://hdl.handle.net/2445/110765This 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.9 p.application/pdfengcc-by-nc-nd (c) Elsevier B.V., 2015http://creativecommons.org/licenses/by-nc-nd/3.0/esTelecomunicacióCreixement econòmicMercat financerTelecommunicationEconomic growthFinancial marketinfo:eu-repo/semantics/article6579972017-05-10info:eu-repo/semantics/openAccess