Competition, Innovation, and Inclusive Growth.

We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad-based growth. However, new technologies and trends in market...

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Xehetasun bibliografikoak
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2021.
Saila:IMF Working Papers; Working Paper ; No. 2021/080
Gaiak:
Sarrera elektronikoa:Full text available on IMF
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245 1 0 |a Competition, Innovation, and Inclusive Growth. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (28 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad-based growth. However, new technologies and trends in market concentration are stifling future innovation while contributing to the marked increase in inequality. Beyond consumer welfare in a narrow market, competition policy should adapt to this new reality by considering the spillover and dynamic effects of market power, especially on firm entry, innovation, and inequality. Innovation policies should tackle not only government failures but also market failures. 
538 |a Mode of access: Internet 
650 7 |a Competition  |2 imf 
650 7 |a Inclusive Growth  |2 imf 
650 7 |a Inequality  |2 imf 
650 7 |a Innovation  |2 imf 
650 7 |a Market Power  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/080 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/080/001.2021.issue-080-en.xml  |z IMF e-Library