An empirical assessment of the relationship between competition policy and investment
AbstractThe relationship between competition policy and investment is empirically examined. Empirical findings suggest that increasing market competition has a positive and robust impact on the share of total investment in GDP per capita. Developing countries enjoy benefits from competition legislation efficiency improvement, whereas the reduction of government anti-competitive price control intervention enhances the good investment environment in developed countries. In relation to the potential impacts of ASEAN competition policies, if ASEAN-4 countries (Indonesia, Malaysia, Philippines, and Thailand) become as competitive as Singapore, the investment shares are expected to increase to approximately 2-4%. Further, foreign direct investment inflows from the 30 OECD countries are expected to increase roughly 0.6-1.2%.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Asian Economics.
Volume (Year): 21 (2010)
Issue (Month): 5 (October)
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Web page: http://www.elsevier.com/locate/asieco
Competition policy Investment Gravity model;
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