Competition policy implementation in transition economies: An empirical assessment

Dutz, Mark A.; Vagliasindi, Maria

doi:10.1016/s0014-2921(99)00060-4

Cited by 91 publications

(53 citation statements)

References 3 publications

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“…Dutz and Aydin (1999) and Dutz and Vagliasindi (2000) use a cross-section of 52 countries and a small sample of transition economies, respectively, and find a positive effect of antitrust effectiveness on GDP growth. However, they use subjective measures of competition policy that are based on the perceptions of market participants, which, as a consequence, may not correctly represent the objective features of a competition policy regime.…”

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confidence: 99%

Competition Policy and Productivity Growth: An Empirical Assessment

Buccirossi

Ciari

Duso

et al. 2013

The Review of Economics and Statistics

158

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Abstract-This paper estimates the impact of competition policy on total factor productivity growth for 22 industries in twelve OECD countries over 1995 to 2005. We find a positive and significant effect of competition policy as measured by created indexes. We provide results based on instrumental variables estimators and heterogeneous effects to support the causal nature of the established link. The effect is particularly strong for specific aspects of competition policy related to its institutional setup and antitrust activities. It is also strengthened by good legal systems, suggesting complementarities between competition policy and the efficiency of law enforcement institutions.

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confidence: 99%

Competition Policy and Productivity Growth: An Empirical Assessment

Buccirossi

Ciari

Duso

et al. 2013

The Review of Economics and Statistics

158

View full text Add to dashboard Cite

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“…Competition law in modern times began with the United States Sherman Act of 1890 and the Clayton Act of 1914 (Hovenkamp, 1988). By 1996, 22 of the 26 transition economies of Eastern Europe and the former Soviet Union had established competition laws (Dutz and Vagliasindi, 2000). By 1998, approximately 82 countries already had competition legislation (Chen and Lin, 2002).…”

Section: Concepts Of Competitionmentioning

confidence: 99%

Concentration Analysis of New Private Residential Units Market in Hong Kong

Cheung

Levina

Niu

2017

CEB

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The new residential property price in Hong Kong has rocketed in the last decade and has ranked within the top three metropolitan cities in the world. Housing is a necessity for most people, high residential property price has its social ramification. The rocketing price seems not solely the result of the market. As such, this raised the issue of competition in this market. This study employs Concentration Ratio and Hirfindahl-Hirschman index to evaluate the market concentration of the New Private Resident Units Market in Hong Kong. Using the best information available in the public domains and applying universal thresholds, the New Private Resident Units Market in Hong Kong is considered moderately concentrated. It is noted that the big five listed developers in Hong Kong are collectively holding a dominant position of the potential supply. Moreover, the top three have comparable market shares thus suggesting no monopoly exists. It is also found that the substantial land banks held by the five big listed developers, amount to 60% of that owned by the Government. These developers will therefore retain their dominant market power in the future. Further study is recommended to examine whether the big developers have abused their market power.

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“…For example, Dutz / Vagliasindi (2000) find that "effective enforcement of competition policy in transition economies is associated with more rapid entry of new firms". Developing countries may also benefit from the regulation of competition across borders, as they typically suffer the most harm from anti-competitive behaviour on the part of large transnational corporations entering their markets (Dawar / Holmes 2011).…”

Section: (Vi) Competitionmentioning

confidence: 99%

Global Value Chains and Deep Preferential Trade Agreements: Promoting Trade at the Cost of Domestic Policy Autonomy?

Bruhn

2014

SSRN Journal

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This paper evaluates the role of preferential trade agreements (PTAs) in the context of global value chains. Given the interconnectedness of trade and investment, preferential trade agreements not only contribute to participation and value capture by eliminating traditional trade barriers, they also provide a framework for economic governance regulating behind-the-border policies. While this is an important device for ensuring commitment to creating a reliable business environment, deep trade agreements also tend to restrict policy autonomy. Governing global value chains by means of deep trade agreements is thus a double-edged sword.Against this background, developing countries should carefully assess the pros and cons associated with PTA membership. In order to successfully reap the benefits, PTAs should be geared towards developing country needs by maintaining the flexibility necessary for developmental purposes. This will require negotiation skills on the part of developing countries as well as technical assistance for implementation on the part of developed countries. Moreover, given the increasingly global character of value chains, both developed and developing countries should pursue negotiations at the multilateral level in order to make optimal use of the opportunities created by global value chain trade.By looking at deep PTAs, this paper combines the literature on regional integration with the new strand of global value chain research -without neglecting the traditional view on global value chains and development which stresses the role for complementary policies. The paper concludes by translating the findings into policy recommendations and pointing out gaps in the literature that should be addressed to better inform policy-makers.

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Competition policy implementation in transition economies: An empirical assessment

Cited by 91 publications

References 3 publications

Competition Policy and Productivity Growth: An Empirical Assessment

Competition Policy and Productivity Growth: An Empirical Assessment

Concentration Analysis of New Private Residential Units Market in Hong Kong

Global Value Chains and Deep Preferential Trade Agreements: Promoting Trade at the Cost of Domestic Policy Autonomy?

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