power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm …

sectors are weighed down by the structural barriers that have depressed productivity more broadly. Italy’s future …

productivity gains. Guided by theory, we provide evidence consistent with these effects operating through reallocations across … productivity; (iii) Efficient institutions, factor and product markets amplify the gains from import competition but dampen those … productivity, while import liberalization has ambiguous effects. Resource misallocation can either amplify, dampen or reverse the …

measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark for estimated real …

We examine the extent to which regulations of entry and credit access are related to competition using data on 28 … competition, as proxied by the price-cost margin, in the industries with a naturally high entry rate. Rigid entry regulations are … exerting a positive effect on competition. These results suggest that incumbent firms are likely to enjoy the rent and market …

productivity growth. Price levels, including of essential items, are also generally lowered with an increase in competition …Does greater product market competition improve external competitiveness and growth? This paper examines this question … emerging market economies and developing countries, and finds that an improvement in domestic competition is associated with a …

, highlighting the dichotomy between productivity-driven long-run growth and short-run deviations from the underlying growth …