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Does more intense competition lead to higher growth?

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Author Info
Dutz, Mark A.
Hayri, Aydin

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Abstract

The relationship between the intensity of competition in an economy and its long-run growth is an open question in economics. Theoretically, there is no clear-cut answer. Empirical evidence exists, however, that in some sectors more competition leads to more innovation, and accelerates productivity growth. To complement those findings, and capture economy-wide effects, the authors conduct a cross-country study. They examine the impact on growth of various measures having to do with intensity of domestic competition - beyond the effects of trade liberalization. Their results indicate a strong correlation between long-run growth, and effective enforcement of antitrust, and competition policy.

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Paper provided by The World Bank in its series Policy Research Working Paper Series with number 2320.

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Date of creation: 30 Apr 2000
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Handle: RePEc:wbk:wbrwps:2320

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Keywords: Environmental Economics&Policies; Economic Theory&Research; ICT Policy and Strategies; Labor Policies; Decentralization; Economic Theory&Research; Environmental Economics&Policies; ICT Policy and Strategies; Achieving Shared Growth; Governance Indicators;

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References listed on IDEAS
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.:
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Full references

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.)

  1. Joan-Ramon Borrell & Mara Tolosa, 2005. "Endogenous Antitrust: Cross-Country Evidence on the Impact of Competition-Enhancing Policies on Productivity," Industrial Organization 0504010, EconWPA. [Downloadable!]
    Other versions:
  2. Volker Caspari, 2001. "Marktstruktur, Wettbewerb und Innovation," Darmstadt Discussion Papers in Economics 104, Institut für Volkswirtschaftslehre (Department of Economics), Technische Universität Darmstadt (Darmstadt University of Technology). [Downloadable!]
  3. Loayza, Norman V. & Oviedo, Ana Maria & Serven, Luis, 2005. "Regulation and macroeconomic performance," Policy Research Working Paper Series 3469, The World Bank. [Downloadable!]
  4. Rudiger Ahrend, 2002. "Speed of Reform, Initial Conditions, Political Orientation, or What? Explaining Russian Regions' Economic Performance," DELTA Working Papers 2002-10, DELTA (Ecole normale supérieure). [Downloadable!]
  5. Barth, James R. & Caprio, Gerard & Levine, Ross, 2000. "Banking systems around the globe : do regulation and ownership affect the performance and stability?," Policy Research Working Paper Series 2325, The World Bank. [Downloadable!]
  6. Yu-Fu Chen & Michael Funke, 2008. "Product Market Competition, Investment and Employment-Abundant versus Job-Poor Growth: A Real Options Perspective," Quantitative Macroeconomics Working Papers 20802, Hamburg University, Department of Economics. [Downloadable!]
    Other versions:
  7. Paolo Buccirossi & Lorenzo Ciari & Tomaso Duso & Giancarlo Spagnolo & Cristiana Vitale, 2009. "Competition policy and productivity growth: An empirical assessment," CIG Working Papers SP II 2009-12, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG). [Downloadable!]
    Other versions:
  8. Daron Acemoglu & Simon Johnson & Todd Mitton, 2005. "Determinants of Vertical Integration: Finance, Contracts, and Regulation," NBER Working Papers 11424, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  9. Joan Ramon Borrell & Juan Luis Jiménez, 2008. "The drivers of antitrust effectiveness," Hacienda Pública Española, IEF, vol. 185(2), pages 69-88, July. [Downloadable!]
  10. Marcin Przybyla & Moreno Roma, 2005. "Does product market competition reduce inflation? Evidence from EU countries and sectors," Working Paper Series 453, European Central Bank. [Downloadable!]
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