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Product Market Regulation in Russia

  • Paul Conway
  • Tatiana Lysenko

    (OECD)

  • Geoff Barnard

    (OECD)

This paper uses the OECD’s indicators of product market regulation (PMR) to assess the extent to which the regulatory environment in Russia supports competition and to draw attention to the areas where further reform efforts would pay dividends. The indicators show that, despite improvements in some areas, many aspects of Russia’s regulatory framework are still restrictive, which provides considerable scope for reaping gains from bringing regulation into line with international best practice. In particular, the scores suggest that Russia’s economic performance would greatly benefit from a reduction in the role of the state enterprise sector in markets that are inherently competitive and reinvigorated efforts to liberalise foreign trade and direct investment regimes. In some network sectors, recent regulatory changes have significantly improved the scope for competition. However, ongoing work needs to focus on separating competitive and monopoly market segments and eliminating barriers to entry. In addition, the authorities need to develop the capacity and strengthen the hands of the sectoral regulators. Introducing an overarching competition policy would also help bring the issue of competition to centre stage and spread a competition ethos through different levels of government. La réglementation des marchés de produits en Russie Cette étude utilise les indicateurs de réglementation des marchés de produits (RMP) afin d'évaluer le degré auquel l'environnement réglementaire en Russie est favorable à la concurrence et d'identifier les domaines où des réformes supplémentaires seraient bénéfiques pour l'économie Russe. Les indicateurs révèlent que, malgré des améliorations dans certains domaines, plusieurs aspects de l'approche réglementaire restent restrictifs, ce qui laisse beaucoup de marge pour récolter des bénéfices économiques d'un alignement de la réglementation avec les meilleures pratiques internationales. En particulier, les valeurs des indicateurs suggèrent que la performance économique de la Russie bénéficierait de façon importante d'une réduction du rôle du secteur des entreprises publiques dans les marchés qui sont par nature concurrentiels et d'un renforcement des efforts pour libéraliser les régimes du commerce extérieur et de l'investissement direct étranger. Dans certaines industries de réseau, des changements réglementaires récents ont favorisé la concurrence. Cependant, un travail soutenu sera nécessaire afin de séparer les segments du marché qui sont par nature concurrentiels de ceux qui sont monopolistiques et d'éliminer les obstacles à la concurrence. Les autorités devraient aussi développer les capacités et renforcer les pouvoirs des régulateurs sectoriels. La création d'une politique globale de concurrence aiderait à mettre la question de concurrence au devant de la scène et de transmettre un esprit de la concurrence à travers les différents niveaux du gouvernement.

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File URL: http://dx.doi.org/10.1787/218750034678
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Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 742.

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Date of creation: 15 Dec 2009
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Handle: RePEc:oec:ecoaaa:742-en
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  8. Paul Conway & Donato de Rosa & Giuseppe Nicoletti & Faye Steiner, 2007. "Product market regulation and productivity convergence," OECD Economic Studies, OECD Publishing, vol. 2006(2), pages 39-76.
  9. Paul Conway & Tatiana Lysenko & Geoff Barnard, 2009. "Product Market Regulation in Russia," OECD Economics Department Working Papers 742, OECD Publishing.
  10. Jens Arnold & Giuseppe Nicoletti & Stefano Scarpetta, 2008. "Regulation, Allocative Efficiency and Productivity in OECD Countries: Industry and Firm-Level Evidence," OECD Economics Department Working Papers 616, OECD Publishing.
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