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The Economic Effects of Competition Policy Cross Country Evidence Using Four New Indicators


  • Stefan Voigt



This paper introduces a number of indicators on various aspects of competition laws and competition agencies in order to make competition policies comparable. It contains an indicator concerned with the objectives and the instruments of competition laws, a second indicator evaluating to what degree an economic – as opposed to a legal – approach to competition policy has been chosen. Based on the assumption that it is not the content of the law alone but also the structures erected in order to implement the law, it further presents an indicator reflecting the formal independence of competition agencies and a fourth one reflecting their factual independence. These four indicators are used to estimate the effects of competition policies on economic growth. It turns out that all four variables contribute to explaining differences in total factor productivity. Yet, their impact is not particularly robust to the inclusion of indicators for the general quality of institutions.

Suggested Citation

  • Stefan Voigt, 2006. "The Economic Effects of Competition Policy Cross Country Evidence Using Four New Indicators," ICER Working Papers 20-2006, ICER - International Centre for Economic Research.
  • Handle: RePEc:icr:wpicer:20-2006

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    References listed on IDEAS

    1. Martens,Bertin & Mummert,Uwe & Murrell,Peter & Seabright,Paul, 2008. "The Institutional Economics of Foreign Aid," Cambridge Books, Cambridge University Press, number 9780521055390, March.
    2. Harold J. Brumm, 2003. "Aid, Policies, and Growth: Bauer Was Right," Cato Journal, Cato Journal, Cato Institute, vol. 23(2), pages 167-174, Fall.
    3. Alesina, Alberto & Dollar, David, 2000. "Who Gives Foreign Aid to Whom and Why?," Journal of Economic Growth, Springer, vol. 5(1), pages 33-63, March.
    4. Simeon Djankov & Jose G. Montalvo & Marta Reynal-Querol, 2006. "Does Foreign Aid Help," Cato Journal, Cato Journal, Cato Institute, vol. 26(1), pages 1-28, Winter.
    5. Dixit, Avinash, 1997. "Power of Incentives in Private versus Public Organizations," American Economic Review, American Economic Association, vol. 87(2), pages 378-382, May.
    6. Feyzioglu, Tarhan & Swaroop, Vinaya & Min Zhu, 1996. "Foreign aid's impact on public spending," Policy Research Working Paper Series 1610, The World Bank.
    7. William Easterly, 2003. "Can Foreign Aid Buy Growth?," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 23-48, Summer.
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    Cited by:

    1. Paolo Buccirossi & Lorenzo Ciari & Tomaso Duso & Giancarlo Spagnolo & Cristiana Vitale, 2013. "Competition Policy and Productivity Growth: An Empirical Assessment," The Review of Economics and Statistics, MIT Press, vol. 95(4), pages 1324-1336, October.
    2. Joseph Clougherty, 2010. "Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 17(1), pages 111-127.
    3. Jarig Sinderen & Ron Kemp, 2008. "The Economic Effect Of Competition Law Enforcement: The Case Of The Netherlands," De Economist, Springer, vol. 156(4), pages 365-385, December.
    4. repec:oup:jcomle:v:7:y:2011:i:1:p:165-204. is not listed on IDEAS
    5. Paolo Buccirossi & Lorenzo Ciari & Tomaso Duso & Giancarlo Spagnolo & Cristiana Vitale, 2011. "Measuring The Deterrence Properties Of Competition Policy: The Competition Policy Indexes," Journal of Competition Law and Economics, Oxford University Press, vol. 7(1), pages 165-204.
    6. Nela Ramona Ichim, 2010. "Assessing The Effectiveness Of Competition Policy In Romania Using Clusters And Distances Methods," Romanian Economic Business Review, Romanian-American University, vol. 5(4-1), pages 63-72, Winter-Sp.
    7. Scopelliti, Alessandro Diego, 2009. "Competition and Economic Growth: an Empirical Analysis for a Panel of 20 OECD Countries," MPRA Paper 20127, University Library of Munich, Germany.

    More about this item


    Competition and Growth; Competition Policy; Independence of Competition Agencies; Delegation of Competence;

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries


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