Low Interest Rates, Market Power, and Productivity Growth
收藏NBER2019-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25505
下载链接
链接失效反馈官方服务：
资源简介：
This study provides a new theoretical result that a decline in the long-term interest rate can trigger a stronger investment response by market leaders relative to market followers, thereby leading to more concentrated markets, higher profits, and lower aggregate productivity growth. This strategic
本研究提出了一项新的理论成果：长期利率下降会引发市场领导者相较于市场追随者更强烈的投资反应，进而导致市场集中度提升、利润增加以及总生产率增长放缓。This strategic
提供机构：
美国国家经济研究局
创建时间：
2019-02-01
