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The Effectiveness of Competition Policy: An Econometric Assessment in Developed and Developing Countries

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  • Samà, Danilo

Abstract

The ultimate objective of the present paper is to empirically investigate the effectiveness of competition policy in developed and developing countries. Although its importance is continuously increasing, the effectiveness of competition policy still seems to lack the attention that it would deserve. At the present state of art, the number of academic contributions that attempts to estimate its impact on relevant economic variables appears very limited, in particular for the less developed countries. However, an empirical literature aimed at measuring in objective terms the effect of competition policy on economic growth is emerging, starting from narrow variables of interest, such as Gross Domestic Product and Total Factor Productivity. As a result, the principal aim of the current work is to contribute to this branch of research, focusing on broader indicators of market performance, in order to understand whether the presence of an antitrust authority has a significant impact, thus an effective utility, on the level of competition of a country.

Suggested Citation

  • Samà, Danilo, 2013. "The Effectiveness of Competition Policy: An Econometric Assessment in Developed and Developing Countries," MPRA Paper 55360, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:55360
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    References listed on IDEAS

    as
    1. Kee, Hiau Looi & Hoekman, Bernard, 2007. "Imports, entry and competition law as market disciplines," European Economic Review, Elsevier, vol. 51(4), pages 831-858, May.
    2. 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.
    3. Krakowski, Michael, 2005. "Competition Policy Works: The Effect of Competition Policy on the Intensity of Competition - An International Cross-Country Comparison," HWWA Discussion Papers 332, Hamburg Institute of International Economics (HWWA).
    4. Krakowski, Michael, 2005. "Competition Policy Works: The Effect of Competition Policy on the Intensity of Competition - An International Cross-Country Comparison," Discussion Paper Series 26259, Hamburg Institute of International Economics.
    5. Papadopoulos,Anestis S., 2010. "The International Dimension of EU Competition Law and Policy," Cambridge Books, Cambridge University Press, number 9780521196468.
    6. Stefan Voigt, 2009. "The Effects of Competition Policy on Development - Cross-Country Evidence Using Four New Indicators," Journal of Development Studies, Taylor & Francis Journals, vol. 45(8), pages 1225-1248.
    7. Niels Petersen, 2013. "Antitrust Law And The Promotion Of Democracy And Economic Growth," Journal of Competition Law and Economics, Oxford University Press, vol. 9(3), pages 593-636.
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    Cited by:

    1. Anu Bradford & Adam S. Chilton & Christopher Megaw & Nathaniel Sokol, 2019. "Competition Law Gone Global: Introducing the Comparative Competition Law and Enforcement Datasets," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 16(2), pages 411-443, June.

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    More about this item

    Keywords

    Competition Authorities; Competition Policy; Developed Countries; Developing Countries; Economic Development; Economic Growth; Law & Economics; Market Concentration; Market Efficiency; Market Performance; New Institutional Economics; Political Economy;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General

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