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Product Market Competition and Economic Performance in Hungary

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Author Info

  • Carl Gjersem
  • Philip Hemmings
  • Andreas Reindl

Abstract

The establishment of competitive markets has been one of the cornerstones Hungarian economic policy over the past decade, alongside a successful strategy of attracting foreign investment. Broad statistical measures show no signs of endemically weak domestic competition, though the country’s relatively low productivity among domestic business likely signals some sheltering from international competition. The generally healthy level of competition is partly because competition legislation and its enforcement are of a good standard. Nevertheless, room for improvement is suggested in a number of areas. In particular, it is argued that individuals should be able to initiate legal actions directly, i.e. without having to proceed via the competition authority. And, it is suggested that sanctions against individuals in hard-core cartel cases are introduced. In examining specific sectors, this paper is critical of the pace of progress towards competition in the network industries. The rail ... Concurrence sur les marches de produits et performance economique en Hongrie La mise en place de marchés concurrentiels a été l’une des pierres angulaires de la politique économique menée par la Hongrie au cours de la dernière décennie, parallèlement à des mesures qui ont permis d’attirer l’investissement étranger. Bien que les indicateurs statistiques généraux ne mettent pas en évidence d’insuffisance systématique de la concurrence sur le marché intérieur, la productivité relativement faible des entreprises locales témoigne probablement d’une certaine protection vis-à-vis de la concurrence internationale. Le niveau généralement soutenu de la concurrence tient en partie à la qualité de la réglementation en matière de concurrence et de son application. Néanmoins, des améliorations seraient sans doute possibles dans plusieurs domaines. En particulier, il semblerait souhaitable que les particuliers puissent engager directement des actions en justice, sans avoir à passer par l’autorité de la concurrence. De même, il serait probablement utile que des sanctions ...

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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 381.

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Date of creation: 02 Mar 2004
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Handle: RePEc:oec:ecoaaa:381-en

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Keywords: regulatory reforms; antitrust law; protection; aggregate productivity and growth; competition legislation; Hungary; regulated industries; competition; réforme de la réglementation; législation antitrust; concurrence; législation en matière de concurrence; secteur réglementé; Hongrie; protection; productivité globale et croissance;

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Cited by:
  1. Alexandra Lopes, 2006. "The Costs of EMU for Transition Countries," Computing in Economics and Finance 2006 149, Society for Computational Economics.

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