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Competition Policy in the Wake of the Economic Crisis

  • Michael Böheim


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    Scandinavian countries are pursuing a successful two-pronged economic policy strategy with a focus on future-orientated investment and competition which could serve as a model for Austria. While the need to close the gap in Austrian economic policy in terms of future-orientated investment has been recognised, the intensification of competition as a possible tool has been neglected. The strengthening of competition, in the framework of a consolidation of the public budget, represents an attractive economic policy option to increase growth and employment in Austria. Competitiveness could be sustainably strengthened through a proactive orientation of overall competition policy that phases out competition-distorting regulations and subsidies as well as through privatisations.

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    Article provided by WIFO in its journal Quarterly.

    Volume (Year): 15 (2010)
    Issue (Month): 4 (December)
    Pages: 349-363

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    Handle: RePEc:wfo:wquart:y:2010:i:4:p:349-363
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    1. Yvonne Wolfmayr, 2008. "Trade Barriers in Services and Competitive Strengths in the Austrian Service Sector - An Analysis at the Detailed Sector Level," FIW Research Reports series I-007, FIW.
    2. Christopoulou, Rebekka & Vermeulen, Philip, 2008. "Markups in the euro area and the US over the period 1981-2004: a comparison of 50 sectors," Working Paper Series 0856, European Central Bank.
    3. V. Brandicourt & C. Schwellnus & Julia Woerz, 2008. "Austria's Potential for Trade in Services," FIW Research Reports series I-002, FIW.
    4. Geroski, Paul, 2003. "The Evolution of New Markets," OUP Catalogue, Oxford University Press, number 9780199248896, July.
    5. Michael Böheim & Heinz Handler & Margit Schratzenstaller, 2010. "Options for Revenue-based Fiscal Consolidation," WIFO Monatsberichte (monthly reports), WIFO, vol. 83(3), pages 269-283, March.
    6. Lars Jonung & Jaakko Kiander & Pentti Vartia, 2008. "The great financial crisis in Finland and Sweden - The dynamics of boom, bust and recovery, 1985-2000," European Economy - Economic Papers 350, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    7. Oliver Fritz & G. Streicher, 2008. "Trade Effects of Service Liberalization in the EU - Simulation of Regional Macroeconomic Effects for Austria," FIW Research Reports series I-005, FIW.
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