Competition Policy Trends and Economic Growth: Cross‐National Empirical Evidence

Clougherty, Joseph A.

doi:10.1080/13571510903516995

Cited by 21 publications

(10 citation statements)

References 30 publications

(28 reference statements)

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“…Inclusion of Competitive Policies as one of the environment stems from the notion that public policies which uphold fair competition leads to productivity and economic growth (Buccirossi et al , 2012; Clougherty, 2010; Lowe and Held, 2005). To achieve this, various efforts such as online provision of public services (Brown and Garson, 2013; Yong, 2003) can be carried out.…”

Section: Methodsmentioning

confidence: 99%

Measuring ease of doing business in India’s sub-national economies: a novel index

Tan

Gopalan

Nguyen

2018

SAJBS

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Purpose The purpose of this paper is to contribute to the literature by introducing a novel index that measures ease of doing business (EDB) at the sub-national level. The authors provide a comprehensive assessment of both de jure and de facto business conditions in 21 sub-national economies of India, with the help of a holistic framework that encompasses indicators capturing Attractiveness to Investors, Business Friendliness and Competitive Policies (ABC), the three broad environments that constitute the EDB–ABC index. Design/methodology/approach The authors’ index EDB–ABC index is constructed using 81 indicators. The index values reported are standardized scores and the framework is applied to 21 Indian sub-national economies. The bottom-up approach takes into account the various operational issues that firms face at the ground level, with the emphasis being on de facto issues. A unique feature of the index is its emphasis on collecting extensive survey data at the sub-national level, given that several constraints that businesses face lie under the purview of the sub-national governments. It also combines publicly available macroeconomic data through formal statistical publications. Findings The findings suggest a positive association between the proposed EDB–ABC index and competitiveness of as well as investments into Indian sub-national economies. In terms of explanatory power, the authors find that indicators capturing attractiveness to investors and business friendliness which are representative of de facto implementation issues at the sub-national matter more than de jure competitive policies. It is also striking that the results are in stark contrast to the existing doing business studies highlighting the importance of the comprehensiveness of the index. Originality/value Easing the impediments to doing business is a pre-requisite to enhance both domestic as well as foreign investments. Existing indicators on doing business provide an incomplete picture about the prevailing business conditions as the basis for such rankings are de jure regulations and not de facto. The authors depart from this tradition by dealing with both de jure and de facto business conditions using a combination of primary and secondary data at the sub-national level in India.

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Section: Methodsmentioning

confidence: 99%

Measuring ease of doing business in India’s sub-national economies: a novel index

Tan

Gopalan

Nguyen

2018

SAJBS

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“…And this information is a necessary condition for the government and competition authorities to take well-timed strategic decisions that reduce the emergence of cartels in the economy. The actuality of the analyzed problem is also justified by the latest scientific research (Gutmann &Voigt, 2014;Buccirossi et al, 2013;Peterson, 2013;Clougherty, 2010), showing that the effective mechanism of the competition law enforcement and supervisory has a positive impact on the country's economic growth; this is particularly important for Lithuania, recovering from the economic downturn.…”

Section: Cartels and The Economic Fluctuationsmentioning

confidence: 98%

The relationship between cartels and economic fluctuations

Pekarskienė

Bruneckienė

2015

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Various actions of market players, which violate fair competition, are harmful to the economy. But the most dangerous are cartels. It is recognized that cartels make a great harm to all market players and adversely affect national economy and its competitiveness. The question is whether the companies are more likely to make the cartel agreement in growing economy, or on the contrary-in recession? Various authors' studies present different conclusions: 1) the economic downturn and demand uncertainty promotes the formation of cartels and 2) the economy increases, especially in emerging markets, firms tend to increase profits by making cartels. Probably there is no single answer, what relationship exists between the cartels and economic fluctuations, as it can be affected by various factors. This paper analyzes the situation of cartels in the country of small economy with developing culture of competition and evaluates the relationship between the cartels and the economic fluctuations. The empirical analysis is based on Lithuanian cases. This country is chosen because it corresponds to the features of the small economy with developing culture of competition. The specific of Lithuanian cartels justifies the necessity of evaluation the relationship between the cartels and the economic fluctuations. The lack of information is an obstacle to efficient and successful implementation of strategic decisions directing to the minimization of the number of cartel agreements and their negative impact on the economy. The research has shown that there is a moderate linear correlation between the cartels and the Lithuanian economic fluctuations.

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“…Third, a few data‐collection efforts measure competition enforcement resources and activity. For instance, Clougherty () used data on enforcement budgets to examine trends in competition policy and economic growth. Additionally, the Global Competition Review ( GCR ) is an annual commercial publication that ranks competition agencies largely based on their quantitative enforcement record .…”

Section: Prior Data‐collection Effortsmentioning

confidence: 99%

Competition Law Gone Global: Introducing the Comparative Competition Law and Enforcement Datasets

Bradford¹,

Chilton²,

Megaw³

et al. 2019

J Empirical Legal Studies

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Competition law has proliferated around the world. Due to data limitations, however, there is little systematic information about the substance and enforcement of these laws. In this article, we address that problem by introducing two new datasets on competition law regimes around the world. First, we introduce the Comparative Competition Law Dataset, which codes competition laws in 131 jurisdictions between 1889 to 2010. Second, we introduce the Comparative Competition Enforcement Dataset, which provides data on competition agencies’ resources and activities in 100 jurisdictions between 1990 and 2010. These datasets offer the most comprehensive picture of competition law yet assembled and provide a new foundation for empirical research on the legal regimes used to regulate markets.

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Competition Policy Trends and Economic Growth: Cross‐National Empirical Evidence

Cited by 21 publications

References 30 publications

Measuring ease of doing business in India’s sub-national economies: a novel index

Measuring ease of doing business in India’s sub-national economies: a novel index

The relationship between cartels and economic fluctuations

Competition Law Gone Global: Introducing the Comparative Competition Law and Enforcement Datasets

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