Firms' operational costs, market entry and growth

The industrial organizational literature identifies operational costs as being an important determinant of industry evolution over time; however, it also shows that they can be endogenous and time-dependent. In this paper, we analyze the effects of endogenous and time-dependent operational costs on...

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Detalhes bibliográficos
Autores: Cardona Coll, Daniel, Sánchez-Losada, Fernando
Formato: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2016
País:España
Recursos:Universidad de Barcelona
Repositorio:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/120573
Acesso em linha:https://hdl.handle.net/2445/120573
Access Level:acceso abierto
Palavra-chave:Creixement econòmic
Monopolis
Càlcul operacional
Economic growth
Monopolies
Operational calculus
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spelling Firms' operational costs, market entry and growthCardona Coll, DanielSánchez-Losada, FernandoCreixement econòmicMonopolisCàlcul operacionalEconomic growthMonopoliesOperational calculusThe industrial organizational literature identifies operational costs as being an important determinant of industry evolution over time; however, it also shows that they can be endogenous and time-dependent. In this paper, we analyze the effects of endogenous and time-dependent operational costs on economic activity and, hence, on economic growth. We show that the particular nature of these costs determines the way in which the overall number of firms grows, which ultimately determines the pattern of economic growth. Our analysis differs from other approaches in that (i) a new firm is associated with the creation of a new product in such a way that a planned expenditure of resources is required (e.g. R&D), and (ii) an accumulation law for the growth of the number of firms is assumed. Hence, we show that growth can occur endogenously in an economy without any specific growth generating sector.De Gruyter2016info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersionapplication/pdfhttps://hdl.handle.net/2445/120573Articles publicats en revistes (Economia)reponame:Dipòsit Digital de la UBinstname:Universidad de BarcelonaInglésVersió postprint del document publicat a: https://doi.org/10.1515/bejm-2014-0132The B.E. Journal of Macroeconomics, 2016, vol. 16, num. 1, p. 211-229https://doi.org/10.1515/bejm-2014-0132(c) De Gruyter, 2016info:eu-repo/semantics/openAccessoai:diposit.ub.edu:2445/1205732026-05-27T06:46:51Z
dc.title.none.fl_str_mv Firms' operational costs, market entry and growth
title Firms' operational costs, market entry and growth
spellingShingle Firms' operational costs, market entry and growth
Cardona Coll, Daniel
Creixement econòmic
Monopolis
Càlcul operacional
Economic growth
Monopolies
Operational calculus
title_short Firms' operational costs, market entry and growth
title_full Firms' operational costs, market entry and growth
title_fullStr Firms' operational costs, market entry and growth
title_full_unstemmed Firms' operational costs, market entry and growth
title_sort Firms' operational costs, market entry and growth
dc.creator.none.fl_str_mv Cardona Coll, Daniel
Sánchez-Losada, Fernando
author Cardona Coll, Daniel
author_facet Cardona Coll, Daniel
Sánchez-Losada, Fernando
author_role author
author2 Sánchez-Losada, Fernando
author2_role author
dc.subject.none.fl_str_mv Creixement econòmic
Monopolis
Càlcul operacional
Economic growth
Monopolies
Operational calculus
topic Creixement econòmic
Monopolis
Càlcul operacional
Economic growth
Monopolies
Operational calculus
description The industrial organizational literature identifies operational costs as being an important determinant of industry evolution over time; however, it also shows that they can be endogenous and time-dependent. In this paper, we analyze the effects of endogenous and time-dependent operational costs on economic activity and, hence, on economic growth. We show that the particular nature of these costs determines the way in which the overall number of firms grows, which ultimately determines the pattern of economic growth. Our analysis differs from other approaches in that (i) a new firm is associated with the creation of a new product in such a way that a planned expenditure of resources is required (e.g. R&D), and (ii) an accumulation law for the growth of the number of firms is assumed. Hence, we show that growth can occur endogenously in an economy without any specific growth generating sector.
publishDate 2016
dc.date.none.fl_str_mv 2016
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/120573
url https://hdl.handle.net/2445/120573
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a: https://doi.org/10.1515/bejm-2014-0132
The B.E. Journal of Macroeconomics, 2016, vol. 16, num. 1, p. 211-229
https://doi.org/10.1515/bejm-2014-0132
dc.rights.none.fl_str_mv (c) De Gruyter, 2016
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) De Gruyter, 2016
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv De Gruyter
publisher.none.fl_str_mv De Gruyter
dc.source.none.fl_str_mv Articles publicats en revistes (Economia)
reponame:Dipòsit Digital de la UB
instname:Universidad de Barcelona
instname_str Universidad de Barcelona
reponame_str Dipòsit Digital de la UB
collection Dipòsit Digital de la UB
repository.name.fl_str_mv
repository.mail.fl_str_mv
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