Publication: Does More Intense Competition Lead to Higher Growth?
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Date
2000-04
ISSN
Published
2000-04
Author(s)
Hayri, Aydin
Editor(s)
Abstract
The relationship between the intensity of competition in an economy and its long-run growth is an open question in economics. Theoretically, there is no clear-cut answer. Empirical evidence exists, however, that in some sectors more competition leads to more innovation, and accelerates productivity growth. To complement those findings, and capture economy-wide effects, the authors conduct a cross-country study. They examine the impact on growth of various measures having to do with intensity of domestic competition - beyond the effects of trade liberalization. Their results indicate a strong correlation between long-run growth, and effective enforcement of antitrust, and competition policy.
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Citation
“Hayri, Aydin; Dutz, Mark A.. 2000. Does More Intense Competition Lead to Higher Growth?. Policy Research Working Paper;No. 2320. © http://hdl.handle.net/10986/18837 License: CC BY 3.0 IGO.”
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