Merger Control and Economic Growth of LDCs: Some Observations and Recommendations

Boris Begović () and Dušan Popović ()
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Boris Begović: University of Belgrade
Dušan Popović: University of Belgrade

Review of Industrial Organization, 2019, vol. 54, issue 2, No 8, 408 pages

Abstract: Abstract The aim of this paper is to evaluate merger control as a segment of competition policy in less developed countries (LDCs) and to propose desirable regimes, using economic growth as the evaluation standard. Three regimes of merger control are recommended, depending on the level of institutional and economic development: for LDCs with low levels of both, the absence of merger control is suitable; for LDCs with intermediate levels of both, very restricted merger control is recommended; this should evolve into somewhat restricted merger control for the remaining LDCs. Advocacy is recommended as the main substitute activity of the national competition authorities.

Keywords: Advocacy; Competition policy; Economic growth; Institutional development; Merger control (search for similar items in EconPapers)
JEL-codes: L40 L41 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s11151-018-9642-z

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