Competitive Strategy and Productivity Growth

by VASILE, Dragos 
Published in Romanian Journal of Economic Forecasting, volume 7 issue 3
, 2006.

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The most of the industrial countries have experienced productivity slowdown, which is a serious concern of policy-makers. The study focuses on a strategy of enhancing the framework conditions of the productivity growth through competition. Its positive effect on both static and dynamic efficiency is a strong reason for governments to promote competition as a way of ensuring an efficient economy and boosting productivity. 

Keywords: competition, productivity, efficiency, competitive strategy, innovation

JEL Classification: O31, O47