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Vertical Integration and Economic Growth: An Empirical Study

Author

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  • Knobel, A.

    (The Institute for the Economy in Transition, Moscow, Russia)

Abstract

The paper is devoted to an empirical study of determinants of vertical integration and their influence on economic growth. We verified the following hypotheses: higher quality of institutions reduces probability of vertical integration; productivity levels of participants in vertical integration influence on its probability in different ways; higher import quota of an economy helps reducing the degree of vertical integration; the degree of vertical integration in an economy influence on economic growth in different ways depending on the stage of economic development.

Suggested Citation

  • Knobel, A., 2009. "Vertical Integration and Economic Growth: An Empirical Study," Journal of the New Economic Association, New Economic Association, issue 3-4, pages 54-70.
    • Handle: RePEc:nea:journl:y:2009:i:3-4:p:54-70
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    References listed on IDEAS

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    More about this item

    Keywords

    Vertical integration; economic growth; institutional development;
    All these keywords.

    JEL classification:

    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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