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sense. More intense competition is likely to encourage stronger efforts of managers to improve efficiency and induce higher …The OECD Growth Study and other empirical work have shown that the strength of competition in product markets plays an … economic reforms. Attention is then turned to indicators of product market competition to gauge the strength of competitive …
Persistent link: https://www.econbiz.de/10012445025
removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … states that retained state bank chartering policies. We argue that the fiercer bank competition following the introduction of …
Persistent link: https://www.econbiz.de/10010227307
This paper examines the role of removing obstacles to competition in product markets in raising growth and productivity …
Persistent link: https://www.econbiz.de/10012977836
The paper examines the current state of competition in a number of sectors that are important for the economy. Because …, rather than some standard indicators of competition stance. The competition law and institutions are generally well …
Persistent link: https://www.econbiz.de/10012444441
pressures. The government has recently introduced several reforms to strengthen the competition policy framework. Nevertheless …. The powers of the Competition Authority can still be enhanced. Its effective degree of independence, substantially … direction are needed. In the retail sector competition-restricting regulations still protect existing companies against new …
Persistent link: https://www.econbiz.de/10014190264
This paper discusses the current state of product market competition in Iceland, including the legal and regulatory … framework, and suggests directions for further improvement. Given the size of the economy, efficiency considerations dictate … competition law since the early 1990s have strengthened competitive forces in many sectors of the economy, and proposed amendments …
Persistent link: https://www.econbiz.de/10012442998
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of … competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth … Japanese economy had difficulty in coming out of the quasi-stagnation of the past decade. Recognising that gains from more pro-competition …
Persistent link: https://www.econbiz.de/10012444046
. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken … competition and has left a legacy of government intervention. Strengthening competition requires upgrading competition policy …
Persistent link: https://www.econbiz.de/10012444204
Persistent link: https://www.econbiz.de/10011979850
The Internet developed largely as a 'spontaneous order' without central co-ordination. Further development will increase the mobility of capital and labour and make tax collection more difficult. Attempts at self-regulation and government regulation are now under way but meddling is likely to be...
Persistent link: https://www.econbiz.de/10014038227