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Product Market Competition and Economic Performance in Hungary

Author

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  • Carl Gjersem
  • Philip Hemmings
  • Andreas Reindl

Abstract

The establishment of competitive markets has been one of the cornerstones Hungarian economic policy over the past decade, alongside a successful strategy of attracting foreign investment. Broad statistical measures show no signs of endemically weak domestic competition, though the country’s relatively low productivity among domestic business likely signals some sheltering from international competition. The generally healthy level of competition is partly because competition legislation and its enforcement are of a good standard. Nevertheless, room for improvement is suggested in a number of areas. In particular, it is argued that individuals should be able to initiate legal actions directly, i.e. without having to proceed via the competition authority. And, it is suggested that sanctions against individuals in hard-core cartel cases are introduced. In examining specific sectors, this paper is critical of the pace of progress towards competition in the network industries. The rail ... Concurrence sur les marches de produits et performance economique en Hongrie La mise en place de marchés concurrentiels a été l’une des pierres angulaires de la politique économique menée par la Hongrie au cours de la dernière décennie, parallèlement à des mesures qui ont permis d’attirer l’investissement étranger. Bien que les indicateurs statistiques généraux ne mettent pas en évidence d’insuffisance systématique de la concurrence sur le marché intérieur, la productivité relativement faible des entreprises locales témoigne probablement d’une certaine protection vis-à-vis de la concurrence internationale. Le niveau généralement soutenu de la concurrence tient en partie à la qualité de la réglementation en matière de concurrence et de son application. Néanmoins, des améliorations seraient sans doute possibles dans plusieurs domaines. En particulier, il semblerait souhaitable que les particuliers puissent engager directement des actions en justice, sans avoir à passer par l’autorité de la concurrence. De même, il serait probablement utile que des sanctions ...

Suggested Citation

  • Carl Gjersem & Philip Hemmings & Andreas Reindl, 2004. "Product Market Competition and Economic Performance in Hungary," OECD Economics Department Working Papers 381, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:381-en
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    File URL: http://dx.doi.org/10.1787/222142524253
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    Cited by:

    1. Alexandra Lopes, 2006. "The Costs of EMU for Transition Countries," Computing in Economics and Finance 2006 149, Society for Computational Economics.

    More about this item

    Keywords

    aggregate productivity and growth; antitrust law; competition; competition legislation; concurrence; Hongrie; Hungary; législation antitrust; législation en matière de concurrence; productivité globale et croissance; protection; protection; regulated industries; regulatory reforms; réforme de la réglementation; secteur réglementé;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • 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
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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