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Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence

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  • Clougherty, Joseph A.

Abstract

Motivated by the general lack of empirical scholarship concerning the cross-national environment for competition policy, I present measures here of the overall resources dedicated to competition policy and the merger policy work-load for thirty-two antitrust jurisdictions over the 1992-2007 period. The data allow analysing a number of perceived trends in competition policy over the last two decades, and allow the generation of some factual insights concerning these trends: e.g., the budgetary commitment to competition policy in the cross-national environment for antitrust has substantially increased over this period; budgetary increases appear to be commensurate with increased antitrust workloads; yet, the role of economics does not appear to have substantially increased relative to the role of law. Moreover, I am also able to provide some evidence that budgetary commitments to antitrust institutions yield economic benefits in terms of improved economic growth: i.e., higher budgetary commitments to competition policy are associated with higher levels per-capita GDP growth.

Suggested Citation

  • Clougherty, Joseph A., 2009. "Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence," CEPR Discussion Papers 7515, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:7515
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    References listed on IDEAS

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    Cited by:

    1. World Bank, 2016. "Malaysia Economic Monitor, June 2016," World Bank Other Operational Studies 24692, The World Bank.
    2. Raul V. Fabella, 2017. "Competition, Regulation and Institutional Quality," UP School of Economics Discussion Papers 201701, University of the Philippines School of Economics.

    More about this item

    Keywords

    competition policy; growth; policy trends;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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