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摘要
En 中文
Are people right to think that competition improves corporate performance? My investigations indicate first that there are some theoretical reasons for believing this hypothesis to be correct, but they are not overwhelming. Furthermore, the existing empirical evidence on this question is weak. However, the results reported here, based on an analysis of around 670 U.K. companies, do provide some support for this view, Most important, I present evidence that competition, as measured by increased numbers of competitors or by lower levels of rents, is associated with a significantly higher rate of total Factor productivity growth.
Keyword:
R-AND-D
MARKET-STRUCTURE
PRODUCTIVITY
INDUSTRY
OPPORTUNITY
EFFICIENCY
BEHAVIOR
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
