The DOI matches its Crossref record.
Competition, Financial Discipline and Growth
Open accessAbstract
This paper develops a general equilibrium model of technological adoption in an economy populated by 'satisficing' entrepreneurs whose main objective is to minimise innovative effort while keeping the firm alive. In such an economy, product market competition is shown to have a stimulating effect on growth. Indeed, by reducing the amount of slack a manager can afford while keeping his firm alive, competition, combined with the threat of liquidation acts as a disciplinary device which fosters technology adoption and therefore growth. We then investigate how the existence of financial markets affects the importance of this growth-enhancing effect of competition.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cited by
Chapter 12 Finance and Growth: Theory and Evidence
Levine, R. (2005) · Handbook of Economic Growth · doi:10.1016/s1574-0684(05)01012-9 · Cited by 2,889
Competition and Innovation: An Inverted U Relationship
Aghion, P., Bloom, N., Blundell, R. W., Griffith, R., & Howitt, P. (2004) · SSRN Electronic Journal · doi:10.2139/ssrn.1306944 · Cited by 2,117
Self-citationCompetition and innovation: an inverted U relationship
Blundell, R., Howitt, P., Griffith, R., Aghion, P., & Bloom, N. (2002) · Working Paper Series · doi:10.1920/wp.ifs.2002.0204 · Cited by 2,109
Self-citationCompetition and Innovation: An Inverted-U Relationship*
Aghion, P., Bloom, N., Blundell, R., Griffith, R., & Howitt, P. (2005) · Quarterly Journal of Economics · doi:10.1162/0033553053970214 · Cited by 995
Self-citationProduct market power, industry structure, and corporate earnings management
Datta, S., Iskandar-Datta, M., & Singh, V. (2013) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.03.012 · Cited by 285
Metadata
- Authors
- Aghion, P., Dewatripont, M., & Rey, P.
- Venue
- Review of Economic Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 1999-10
- Volume
- 66
- Issue
- 4
- Pages
- 825-852
- ISSN
- 0034-6527 (ISSN-L)
- 1467-937X
- OpenAlex
- W1842848669
- Cited by
- 298
- References
- 0
- FWCI
- 15.69
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Competition, Financial Discipline and Growth. https://app.cochat.ai/papers/10.1111/1467-937x.00110
- The paper
- Aghion, P., Dewatripont, M., & Rey, P. (1999). Competition, Financial Discipline and Growth. Review of Economic Studies. https://doi.org/10.1111/1467-937x.00110
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
