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Policies Bearing on Product Market Competition and Growth in Europe

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  • Carl Gjersem

Abstract

The strength of product market competition plays an important role in economic growth as it affects economic efficiency and the allocation of resources, and can also lead to improved labour market performance. This paper examines product market competition and economic performance in the European Union. The Community’s competition rules, which apply whenever anti-competitive practices have an implication for cross-border trade, are enforced primarily by the Commission’s Directorate General for Competition, and complement national competition legislation. Reforms have been adopted recently to sharpen the toolkit and to increase the role of national authorities in the enforcement process. However, the toolkit could still be made more effective. Competition policy is complemented by, and partly overlapping with, the regulation of newly liberalised network industries. Despite the EU’s commendable efforts in this area, competition is still undermined by dominant incumbents in some ... Politiques pour la concurrence et la croissance sur les marchés de produits en Europe La vigueur de la concurrence sur les marchés de produits joue un rôle important dans la croissance économique, influence l’efficience économique et l’allocation des ressources, et peut aussi induire de meilleurs résultats sur le marché du travail. Cette étude examine la concurrence sur les marchés de produits et la performance économique dans l’Union Européenne. Les règles de concurrence communautaires, qui s’appliquent chaque fois que des pratiques anticoncurrentielles ont une incidence sur les échanges transfrontières, sont mises en œuvre principalement par la Direction générale de la concurrence de la Commission et viennent compléter le droit national de la concurrence. Des réformes ont été adoptées récemment pour affiner le dispositif et renforcer le rôle des autorités nationales dans le processus d’application. Toutefois, l’efficacité des instruments en place pourrait être encore améliorée. La réglementation des industries de réseau récemment libéralisées complète la ...

Suggested Citation

  • Carl Gjersem, 2004. "Policies Bearing on Product Market Competition and Growth in Europe," OECD Economics Department Working Papers 378, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:378-en
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    File URL: http://dx.doi.org/10.1787/346707867476
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    Cited by:

    1. Patrick McCloughan, 2005. "What’s Been Happening To Concentration in Irish Industry 1991-2001," The Economic and Social Review, Economic and Social Studies, vol. 36(2), pages 127-156.
    2. 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

    Keywords

    aggregate productivity and growth; antitrust law; competition; concurrence; euro area; European Union; industrie réglée; integration; intégration; loi anti-trust; négociations commerciales; productivité globale et croissance; protection; protection; regulated industries; regulatory reforms; réforme de la réglementation; trade negotiations; Union européenne; zone Euro;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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