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oai:recercat.cat:2445/1107652025-11-20T10:14:53Zcom_2072_1057col_2072_478809col_2072_478917

00925njm 22002777a 4500 dc Jerbashian, Vahagn author 2017-05-10T12:13:05Z 2018-12-31T06:10:19Z 2015-12 2017-05-10T12:13:05Z This paper presents an endogenous growth model where the telecommunications industry is the engine of growth. In such a framework, it analyzes how the market structure of the telecommunications industry can matter for its contribution to long-run growth. It shows that policies which increase the number of firms and/or toughen competition imply higher innovative effort in the telecommunications industry and strengthen its contribution. Modeling entry into the telecommunications industry, this paper also shows that the entry either stops after a number of firms have entered or continues permanently. In the long-run, it is socially optimal to have permanent entry. This can necessitate subsidies to entry into the telecommunications industry. Telecomunicació Creixement econòmic Mercat financer Telecommunication Economic growth Financial market The telecommunications industry and economic growth: How the market structure matters