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Competition, Competition Policy and Economic Growth

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  • Michael Böheim

    (WIFO)

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    Abstract

    Since the mid-1990s, product market competition in Austria has become markedly more vigorous, driven by "externally induced" competition-oriented structural reforms. Under this changed framework the performance of the Austrian economy in the 1990s was quite satisfactory. Recently, however, this growth trend showed clear signs of weakening. If the growth path of the past is to be extended into the future more competition-oriented economic policy measures seem to be indicated. Given a multitude of highly concentrated markets, a growth-oriented competition policy should generate high economic returns.

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    Bibliographic Info

    Article provided by WIFO in its journal Quarterly.

    Volume (Year): 9 (2004)
    Issue (Month): 4 (December)
    Pages: 154-172

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    Handle: RePEc:wfo:wquart:y:2004:i:4:p:154-172

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    1. Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
    2. repec:reg:wpaper:74 is not listed on IDEAS
    3. Nickell, S.J., 1993. "Competition and Crporate Performance," Economics Series Working Papers, University of Oxford, Department of Economics 99155, University of Oxford, Department of Economics.
    4. John Scott, 1984. "Firm versus Industry Variability in R&D Intensity," NBER Chapters, National Bureau of Economic Research, Inc, in: R & D, Patents, and Productivity, pages 233-248 National Bureau of Economic Research, Inc.
    5. Kaufmann, Daniel & Kraay, Aart & Zoido-Lobaton, Pablo, 1999. "Aggregating governance indicators," Policy Research Working Paper Series, The World Bank 2195, The World Bank.
    6. repec:reg:rpubli:74 is not listed on IDEAS
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