The Economic Effects of Competition Policy – Cross-Country Evidence Using Four New Indicators
نویسنده
چکیده
This paper introduces a number of indicators on various aspects of competition laws and competition agencies in order to make competition policies comparable. It contains an indicator concerned with the objectives and the instruments of competition laws, a second indicator evaluating to what degree an economic – as opposed to a legal – approach to competition policy has been chosen. Based on the assumption that it is not the content of the law alone but also the structures erected in order to implement the law, it further presents an indicator reflecting the formal independence of competition agencies and a fourth one reflecting their factual independence. These four indicators are used to estimate the effects of competition policies on economic growth. It turns out that all four variables contribute to explaining differences in total factor productivity. Yet, their impact is not particularly robust to the inclusion of indicators for the general quality of institutions.
منابع مشابه
The Role of Financial Policies on the Selection of Commovment among Macroeconomic Variables in Business cycles Deviations under Commitment Conditions
The economic fluctuations and the changing business circles of a country play an important role in the economic performance and fate of any country, which is very important and important when considering the economic situation at a time of boom or recession under accrual conditions. In this paper, In the framework of the Ramsey model, the basis of microeconomics is extracted using neoclassical ...
متن کاملFinance and Welfare States in Globalising Markets
It is theoretically clear and may be verifi ed empirically that effi cient fi nancial markets can make it less necessary for policy to try to offset the welfare effects of labour income risk. The literature has also pointed out that, since international competition exposes workers to new sources of risk at the same time as it makes it easier for individuals to undermine collective policies, int...
متن کاملImpact of Financial Development on CO2 Emissions: Panel Data Evidence from Iran’s Economic Sectors
Introduction: The national trend indicates that various provinces of Iran have experienced in attaining economic growth exclusive of parallel observing a boost in CO2 emissions. It is clear that the effects of CO2 emissions on health indicators such as death rate, infant mortality, and health expenditures have been ignored by policy makers over the last decade. Methods: This study for ...
متن کاملIranian Politics in OPEC Based on Game Theory
In the current political-economic conditions and the numerous violations by OPEC members of the group's resolutions due to political and economic rivalries, especially the situation in the Middle East, the increase in political tensions between Iran and Saudi Arabia, along with the demand for OPEC oil and the position of OPEC in the global market Oil, internal competition among OPEC members has...
متن کاملPower and Politics in the Global Health Landscape: Beliefs, Competition and Negotiation Among Global Advocacy Coalitions in the Policy-Making Process
Background Advocacy coalitions play an increasingly prominent role within the global health landscape, linking actors and institutions to attract political attention and resources. This paper examines how coalitions negotiate among themselves and exercise hidden forms of power to produce policy on the basis of their beliefs and strategic interests. Methods This paper examines the beliefs and ...
متن کامل