An International Comparative Analysis of the State of Competition

Robert C. G. Haffner and Peter Bergeijk

Chapter 4 in Market Behaviour and Macroeconomic Modelling, 1998, pp 105-126 from Palgrave Macmillan

Abstract: Abstract Since the OECD initiated its structural reform programme in the 1980s, the topic of structural change has been on the agenda ofpolicy makers across the world. Motivated by the structural problems of stagflation in the 1970s, the deteriorating situation of public finance and the persistently high level of unemployment, it was increasingly recognized that ‘open and efficient markets for goods and services, exposed to domestic and international competition, provide the crucial underpinnings for dynamic, high income economies’ (OECD, 1994, p.7). Indeed, progress has been impressive in the areas of trade liberalisation and the deregulation of domestic and international financial markets, but the reform of markets for goods and services and, most notably, the labour market, was more tedious.

Keywords: Market Power; Market Structure; Exit Rate; Import Competition; Lerner Index (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26732-3_4

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DOI: 10.1007/978-1-349-26732-3_4

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