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Competition Policy Works: The Effect of Competition Policy on the Intensity of Competition - An International Cross-Country Comparison

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dc.creator Krakowski, Michael
dc.date 2005
dc.date.accessioned 2013-10-16T07:04:06Z
dc.date.available 2013-10-16T07:04:06Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19300
dc.identifier ppn:50438743X
dc.identifier RePEc:zbw:hwwadp:26259
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19300
dc.description This paper explores the relationship between competition policy, experience of the application of competition policy, the intensity of local competition and the standard of living. Perception data from the World Economic Forum is used to measure the intensity of local competition. Richer and larger countries in general introduce competition policy earlier than smaller and poorer countries, and industrialized countries earlier than Latin American, African, transition and Asian countries, in this order. A regression analysis for a sample of 101 countries reveals that experience and overall government effectiveness explain a substantial part of the perception of the effectiveness of antitrust policy. During the first years of (new) competition legislation the effectiveness of application improves rapidly, whereas very old competition agencies make little further improvement of their application performance after a certain time. The effectiveness of antitrust policy has a significant influence on the intensity of local competition. The size of the economy also has a significant impact on the intensity of local competition, whereas external protection does not. These results indicate that competition legislation and experience of the application of competition legislation have a large impact on the level of competition in an economy, whereas the influence of external protection is not clear. In countries with a high intensity of local competition the standard of living is higher than in countries with a low intensity of local competition.
dc.language eng
dc.relation HWWA Discussion Paper 332
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject K21
dc.subject L40
dc.subject ddc:330
dc.subject Competition Policy
dc.subject Effectiveness of legal instruments
dc.subject Wettbewerbspolitik
dc.subject Konzentrationspolitik
dc.subject Wirtschaftspolitische Wirkungsanalyse
dc.subject Wettbewerb
dc.subject Lebensstandard
dc.subject Schätzung
dc.subject Welt
dc.title Competition Policy Works: The Effect of Competition Policy on the Intensity of Competition - An International Cross-Country Comparison
dc.type doc-type:workingPaper


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