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An International Comparative Analysis of the State of Competition

In: Market Behaviour and Macroeconomic Modelling

Author

Listed:
  • Robert C. G. Haffner
  • Peter A. G. Bergeijk

Abstract

Since the OECD initiated its structural reform programme in the 1980s, the topic of structural change has been on the agenda ofpolicy makers across the world. Motivated by the structural problems of stagflation in the 1970s, the deteriorating situation of public finance and the persistently high level of unemployment, it was increasingly recognized that ‘open and efficient markets for goods and services, exposed to domestic and international competition, provide the crucial underpinnings for dynamic, high income economies’ (OECD, 1994, p.7). Indeed, progress has been impressive in the areas of trade liberalisation and the deregulation of domestic and international financial markets, but the reform of markets for goods and services and, most notably, the labour market, was more tedious.

Suggested Citation

  • Robert C. G. Haffner & Peter A. G. Bergeijk, 1998. "An International Comparative Analysis of the State of Competition," Palgrave Macmillan Books, in: Steven Brakman & Hans Ees & Simon K. Kuipers (ed.), Market Behaviour and Macroeconomic Modelling, chapter 4, pages 105-126, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26732-3_4
    DOI: 10.1007/978-1-349-26732-3_4
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