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Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of … economic policy. Reforms to promote product market competition in Japan should inter alia focus on strengthening the legal … competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth …
Persistent link: https://www.econbiz.de/10005045937
competition is important for promoting economic growth. Recognising the benefits of competition, the government wants to introduce … regulatory reforms to stimulate economic growth. However, the promotion of competition has often conflicted with other policy … competition in a number of sectors, resulting in high prices, weak innovative activity and inefficient resource allocation …
Persistent link: https://www.econbiz.de/10012444401
Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector …. 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
sheltered service industries. Restrictions on competition reduce productivity growth and hinder job creation in regulated …. Available cross-country evidence suggests that enhancing competition is an important means to improve economic performance …. France is catching up with best practice in competition policy reform. However, other policy considerations often hamper the …
Persistent link: https://www.econbiz.de/10012445441
The strength of product market competition plays an important role in ensuring dynamic economic growth. This paper … examines product market competition and its link with economic performance in Switzerland whose growth has been weaker than in … reforms should focus on the legal framework of competition, the network industries, the health sector, the revision of the …
Persistent link: https://www.econbiz.de/10012447088
This paper discusses the current state of product market competition in Iceland, including the legal and regulatory … competition law since the early 1990s have strengthened competitive forces in many sectors of the economy, and proposed amendments … have helped vigorous competition to develop in most segments, but there remain problems in pricing of access to the local …
Persistent link: https://www.econbiz.de/10012442998
The OECD Growth Study and other empirical work have shown that the strength of competition in product markets plays an … sense. More intense competition is likely to encourage stronger efforts of managers to improve efficiency and induce higher … innovative activity, leading to higher multi-factor productivity. This paper begins with a short review of Australia’s growth …
Persistent link: https://www.econbiz.de/10012445025
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
considerable and cross-country empirical evidence suggests that enhancing competition is an important means of achieving this …. Structural reforms to strengthen competition in the early 1990s did boost growth and were also ahead of similar developments in … the EU. However, indicators suggest that relatively weak competition remains in a number of sectors. Moreover, potential …
Persistent link: https://www.econbiz.de/10012445451
This paper assesses what role product market competition and regulatory reforms may have played in the performance of … regulations inhibiting competition and barriers to trade amongst the lowest in the OECD. Nevertheless, there is scope for … improvement and the recent overhaul of competition legislation should help to further promote competition. Much progress has been …
Persistent link: https://www.econbiz.de/10012446749