De Rosa, DonatoMadzarevic-Sujster, SanjaBoromisa, Ana-MariaSonje, Velimir2012-03-192012-03-192009-10-01https://hdl.handle.net/10986/4308This paper examines product market policies in Croatia by benchmarking them to OECD countries and highlighting how policies that are more conducive to competition would stimulate a more efficient allocation of resources and, in consequence, facilitate convergence to higher income levels. OECD indicators of overall regulation in product markets indicate that Croatias policies in 2007 were generally more restrictive of competition than were the policies in OECD countries. This is especially true for policies concerned with the degree of state control of the economy and with barriers to entrepreneurship. Regulatory obstacles to trade and foreign direct investment, by contrast, are in line with those of pre-accession European Union countries (Czech Republic, Hungary, Slovak Republic, and Poland in 2003, as well as Bulgaria and Romania in 2006), albeit well above the OECD average. Regulation of post, electricity, gas, telecoms, air, rail, and road transport, as estimated by the OECD energy transport and communication sectors indicator, is also less liberal than in the OECD, highlighting the positive knock-on effects for the rest of the economy that could derive from further liberalization of network industries.CC BY 3.0 IGOADMINISTRATIVE BURDENADMINISTRATIVE BURDENSADMINISTRATIVE POLICIESADMINISTRATIVE REGULATIONADMINISTRATIVE REQUIREMENTSADMINISTRATIVE SYSTEMAIRAIR FARESAIR TRANSPORTAIR TRAVELALLOCATION OF RESOURCESBARRIERS TO COMPETITIONBARRIERS TO ENTRYBUSINESS ENVIRONMENTCARRIERSCODES OF PRACTICECOMMON MARKETCOMPETITION POLICYCOMPETITIVE ACTIVITIESCOMPETITIVE MARKETSCOMPETITIVE PRESSURECOMPETITIVE PRODUCTCOMPETITIVENESSCOMPETITORSCOMPLIANCE STRATEGIESCONSUMER PROTECTIONCONTROL REGULATIONCONTROL REGULATIONSCORPORATE GOVERNANCEDOMESTIC AIRLINESDOMESTIC COMPETITIONDRIVINGDYNAMIC ECONOMYECONOMIC ACTIVITYECONOMIC EFFICIENCYECONOMIC GROWTHECONOMIC INSTRUMENTSECONOMIC PERFORMANCEENFORCEMENT OF REGULATIONSENVIRONMENTAL MANAGEMENTFARESFINANCIAL DISCIPLINEFINANCIAL INSTITUTIONSFINANCIAL SECTORFINANCIAL SERVICESFOREIGN DIRECT INVESTMENTFOREIGN FIRMSFOREIGN INVESTMENTFOREIGN INVESTMENTSFOREIGN INVESTORFOREIGN INVESTORSFOREIGN OWNERSHIPFOREIGN TRADEFREE TRADEFREE TRADE AGREEMENTSFREIGHTFREIGHT SERVICESFREIGHT TRANSPORTGASOLINEGLOBAL MARKETSGOVERNMENT POLICYGOVERNMENT REGULATIONGOVERNMENT REGULATIONSINCOMEINSURANCEINTERNATIONAL AGREEMENTSINTERNATIONAL HARMONIZATIONINTERNATIONAL HARMONIZATION OF STANDARDSINTERNATIONAL NORMSINTERNATIONAL TRADEINVENTORYINVESTMENT BARRIERSINVESTMENT CLIMATELAND TRANSPORTLEGISLATIONLIBERALIZATIONMACROECONOMIC STABILITYMARKET ACCESSMARKET COMPETITIONMARKET INCENTIVESMARKET REFORMMARKET REGULATIONMARKET REGULATIONSMARKET SHAREMARKET STRUCTUREMOBILITYMOTOR VEHICLESMUTUAL RECOGNITIONPASSENGER TRANSPORTPETROLEUM PRODUCTSPOLICY GOALSPOLICY INSTRUMENTSPRICE CONTROLPRICE CONTROLSPRICE REGULATIONPRIVATE MARKETPRIVATE SECTOR DEVELOPMENTPRIVATIZATIONPRODUCT MARKETPRODUCT MARKETSPROFESSIONAL ASSOCIATIONSPROFESSIONAL BODIESPROFESSIONAL ORGANIZATIONSPROFESSIONAL SERVICESPROVINCIAL GOVERNMENTPROVINCIAL GOVERNMENTSPUBLIC ADMINISTRATIONPUBLIC ENTERPRISEPUBLIC INTERESTPUBLIC OWNERSHIPPUBLIC SECTORRAILRAIL TRANSPORTRAILROADRAILWAYRAILWAYSREGULATORSREGULATORY APPROACHESREGULATORY AREASREGULATORY AUTHORITIESREGULATORY BODIESREGULATORY BURDENREGULATORY CONTROLSREGULATORY ENVIRONMENTREGULATORY FRAMEWORKREGULATORY FRAMEWORKSREGULATORY GOALSREGULATORY IMPACTREGULATORY IMPACT ASSESSMENTREGULATORY INTERVENTIONREGULATORY MEASURESREGULATORY POLICIESREGULATORY POLICYREGULATORY PRACTICESREGULATORY PROCESSESREGULATORY PROVISIONSREGULATORY REGIMEREGULATORY REQUIREMENTSRETAILRETAIL PRICESRETAIL TRADEROADROAD INFRASTRUCTUREROAD TRANSPORTROUTESRULESSAFETYSAFETY STANDARDSSALESALESSELF-REGULATIONSINGLE MARKETSTARTUPSTECHNICAL STANDARDSTRADABLE PERMITSTRANSITION COUNTRIESTRANSPORT INFRASTRUCTURETRANSPORTATIONTRUETURNOVERTYPE OF REGULATIONVOLUNTARY ARRANGEMENTVOLUNTARY CODESWHOLESALE TRADEWORKING CAPITALWORLD TRADEWorld Bank10.1596/1813-9450-5100