VERTICAL INTEGRATION, TECHNOLOGICAL PRODUCTION CHAIN, OPPORTUNISTIC BEHAVIOR AND THE ECONOMIC GROWTH
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VERTICAL INTEGRATION, TECHNOLOGICAL PRODUCTION CHAIN, OPPORTUNISTIC BEHAVIOR AND THE ECONOMIC GROWTH
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S042473880000616-6-1
Publication type
Article
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Published
Pages
117-132
Abstract
Examined the determinants of vertical integration and its influences on the economic growth. Proposed the game-oriented model of interaction of the producers of the intermediate and final products. It is proved that the quality of institutes reduces the probability of vertical integration; while the productivity of the participants of the vertical integration influences differently on the probability rate - the more the technological connectedness and the higher the costs of opportunistic behavior, - the higher the probability of the vertical integration. Different stages of vertical integration differently influence the rate of economic growth.
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Date of publication
01.01.2010
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2
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