Product Market Regulation In Romania : A Comparison With OECD Countries

Fay, Marianne; Rosa, Donato De; Ilieva, Stella

doi:10.1596/1813-9450-4402

Cited by 3 publications

(2 citation statements)

References 11 publications

(7 reference statements)

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“…Recent studies conducted at the World Bank applying the OECD methodology to benchmark regulatory reform in product markets suggest that both countries have made significant steps forward. Romania has rapidly approved several reforms in the area of product market regulation, but implementation and enforcement seem to lag behind schedule (Fay et al, 2007a) 2 . Bulgaria also made progress, especially in terms of regulation concerning international trade and FDI.…”

Section: Sustaining Reforms For Better Job Creationmentioning

confidence: 99%

Black Sea and Central Asia

2008

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Section: Sustaining Reforms For Better Job Creationmentioning

confidence: 99%

Black Sea and Central Asia

2008

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“…In any case, not all OECD countries reveal evidence of convergence tendencies towards catching up with more‐developed countries (Cunado et al, 2006). Public policies have real consequences for the trends of convergence (Fay et al, 2008), inside and outside the OECD countries.…”

Section: Introductionmentioning

confidence: 99%

Impact of Covid‐19 on the convergence of GDP per capita in OECD countries

Martinho

2021

Regional Science Policy & Practice

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The main objective of this study is to assess the consequences of coronavirus disease 2019 (Covid‐19) on the gross domestic product (GDP) per capita in Organisation for Economic Co‐operation and Development (OECD) countries. For this purpose, the developments from the convergence theory for panel data were considered, as well as data from the OECD database for the last quarter of 2017 to the third quarter of 2020. This statistical information was, also, analysed through spatial autocorrelation approaches. The findings obtained show that the pandemic, specifically in the first two quarters of 2020, eliminated the signs of convergence verified from the end of 2017 until the end of 2019 in OECD countries, bringing new challenges for the future. In terms of policy recommendations, it is suggested to design instruments by the European Union and international organizations in order to promote a globally balanced development, preventing consequences beyond the socioeconomic.

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Product Market Regulation: Extending the Analysis Beyond OECD Countries

Wölfl¹,

Wanner²,

Röhn³

et al. 2010

SSRN Journal

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Document complet disponible sur OLIS dans son format d'origine Complete document available on OLIS in its original format ECO/WKP(2010)55 Unclassified English -Or. English ECO/WKP(2010)55 2 ABSTRACT/RESUMÉ Product market regulation: extending the analysis beyond OECD countriesIn this paper the recently updated product market regulation (PMR) indicators are extended to a larger set of countries including several non-OECD members. It investigates regulatory patterns in this extended set of countries as compared to the OECD countries and analyses the link between regulation and growth. On average, regulation is more restrictive of competition in non-member countries than in the OECD area. However, there exists considerable heterogeneity within this country grouping as concerns the level of the regulatory stance and its composition as well as the potential past evolution of regulatory processes. Furthermore, growth regressions provide evidence that less restrictive product market regulation is conducive to growth. An improvement of ½ index points of barriers to entrepreneurship would translate into approximately a 0.4% higher average annual rate of GDP per capita growth. However, the results also suggest that for countries that are less advanced, the potential growth benefits of enhancing product market competition may be impaired by other structural weaknesses. In particular, some restrictions of foreign trade and investment might be beneficial for growth in early stages of development.

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Product Market Regulation In Romania : A Comparison With OECD Countries

Cited by 3 publications

References 11 publications

Black Sea and Central Asia

Black Sea and Central Asia

Impact of Covid‐19 on the convergence of GDP per capita in OECD countries

Product Market Regulation: Extending the Analysis Beyond OECD Countries

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