An empirical assessment of the relationship between competition policy and investment
The relationship between competition policy and investment is empirically examined. Empirical findings suggest that increasing market competition has a positive and robust impact on the share of total investment in GDP per capita. Developing countries enjoy benefits from competition legislation efficiency improvement, whereas the reduction of government anti-competitive price control intervention enhances the good investment environment in developed countries. In relation to the potential impacts of ASEAN competition policies, if ASEAN-4 countries (Indonesia, Malaysia, Philippines, and Thailand) become as competitive as Singapore, the investment shares are expected to increase to approximately 2-4%. Further, foreign direct investment inflows from the 30 OECD countries are expected to increase roughly 0.6-1.2%.
Year of publication: |
2010
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Authors: | Sudsawasd, Sasatra |
Published in: |
Journal of Asian Economics. - Elsevier, ISSN 1049-0078. - Vol. 21.2010, 5, p. 466-475
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Publisher: |
Elsevier |
Subject: | Competition policy Investment Gravity model |
Saved in:
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