Quantitative restrictions, market power and productivity growth

• 成果类型: Article
• 署名作者: Traca, DA
• 署名单位: INSEAD Business School
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/S0304-3878(01)00129-8
• 发表日期: 2001
• 页码: 95-111
• 关键词: QRs; import-competition; R&D; INNOVATION

摘要

This paper shows that, when compared to tariffs, quantitative restrictions (QRs) have a negative effect on innovation and productivity growth. First, QRs lead to stagnation in the steady state, in the absence of domestic competition, while tariffs allow for positive steady-state growth. Second, the replacement of a QR by a tariff equivalent leads to an increase in the short run incentives to innovation. (C) 2001 Elsevier Science B.V. All rights reserved.