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The Effect Of Competition Law Enforcement On Economic Growth

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  • Tay-Cheng Ma

Abstract

To identify the effect of competition law on productivity growth, this article conducts a cross-country study using a sample of 101 countries that enforce competition law. The evidence shows that the effect exhibits an asymmetrical pattern depending on the stage of development of each country. For the poor less developed countries (LDCs) whose institutional frameworks cannot exceed a threshold level, competition law has a very limited effect on changing economic activity, and its legislation is neither harmful nor helpful in terms of market competition or economic growth. As to the developed countries (DCs) and middle-income LDCs, although their institutional frameworks have passed the threshold level, the effect of competition law on growth still depends on the law enforcement efficiency of the government. Without an efficient enforcement scheme, a stronger competition law not only cannot support productivity growth, but might also slow down the potential path of growth.

Suggested Citation

  • Tay-Cheng Ma, 2011. "The Effect Of Competition Law Enforcement On Economic Growth," Journal of Competition Law and Economics, Oxford University Press, vol. 7(2), pages 301-334.
    • Handle: RePEc:oup:jcomle:v:7:y:2011:i:2:p:301-334.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhq032
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    Cited by:

    1. Juan Manuel Rivas Castillo, 2023. "Evidencias del impacto de la Competencia sobre el Crecimiento Económico de América Latina y el Caribe," Revista de Análisis Económico y Financiero, Universidad de San Martín de Porres, vol. 6(02), pages 13-25.
    2. Lascov Victor & Tiuhtii Constanța, 2020. "Competition Policy Influencing Macroeconomic Development," Management Strategies Journal, Constantin Brancoveanu University, vol. 50(4), pages 97-103.
    3. Lilian T.D. Petit & Ron G.M. Kemp & Jarig van Sinderen, 2015. "Cartels And Productivity Growth: An Empirical Investigation Of The Impact Of Cartels On Productivity In The Netherlands," Journal of Competition Law and Economics, Oxford University Press, vol. 11(2), pages 501-525.
    4. Tay-Cheng Ma, 2012. "Legal tradition and antitrust effectiveness," Empirical Economics, Springer, vol. 43(3), pages 1263-1297, December.
    5. Majah-Leah V. Ravago & James A. Roumasset & Arsenio M. Balisacan, 2021. "Adapting Competition Law and Policy for Economic Development with Asian Illustrations," Department of Economics, Ateneo de Manila University, Working Paper Series 202103, Department of Economics, Ateneo de Manila University.

    More about this item

    JEL classification:

    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law

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