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Merger Control and Economic Growth of LDCs: Some Observations and Recommendations

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  • Boris Begović

    (University of Belgrade)

  • Dušan Popović

    (University of Belgrade)

Abstract

The aim of this paper is to evaluate merger control as a segment of competition policy in less developed countries (LDCs) and to propose desirable regimes, using economic growth as the evaluation standard. Three regimes of merger control are recommended, depending on the level of institutional and economic development: for LDCs with low levels of both, the absence of merger control is suitable; for LDCs with intermediate levels of both, very restricted merger control is recommended; this should evolve into somewhat restricted merger control for the remaining LDCs. Advocacy is recommended as the main substitute activity of the national competition authorities.

Suggested Citation

  • Boris Begović & Dušan Popović, 2019. "Merger Control and Economic Growth of LDCs: Some Observations and Recommendations," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 54(2), pages 381-408, March.
    • Handle: RePEc:kap:revind:v:54:y:2019:i:2:d:10.1007_s11151-018-9642-z
    DOI: 10.1007/s11151-018-9642-z
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    More about this item

    Keywords

    Advocacy; Competition policy; Economic growth; Institutional development; Merger control;
    All these keywords.

    JEL classification:

    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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