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.
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Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number
20-2006.
Length: 51 pages Date of creation: Jul 2006 Date of revision: Handle: RePEc:icr:wpicer:20-2006
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Find related papers by JEL classification: D40 - Microeconomics - - Market Structure and Pricing - - - General H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure L40 - Industrial Organization - - Antitrust Issues and Policies - - - General O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
Paolo Buccirossi & Lorenzo Ciari & Tomaso Duso & Giancarlo Spagnolo & Cristiana Vitale, 2009.
"Competition Policy and Productivity Growth: An Empirical Assessment,"
Discussion Papers
283, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
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