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Barriers to Entry and DevelopmentBerthold HerrendorfArizona State University (ASU) - Economics Department; Centre for Economic Policy Research (CEPR) Arilton TeixeiraIbmec, Rio de Janeiro - Department of Economics International Economic Review, Vol. 52, No. 2, pp. 573-602, 2011 Abstract: We ask whether barriers to entry are a quantitatively important reason for the income gap between developing countries and the United States. We develop a tractable general equilibrium model that captures the effects of barriers to entry and the other main distortions typically considered in the development literature. We carry our model to the data and ask it to match the main development facts from the Penn World Table. We find that this requires large barriers to entry in developing countries, which account for about half of the income gap with the United States.
Number of Pages in PDF File: 30 Accepted Paper SeriesDate posted: April 27, 2011Suggested CitationContact Information
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