Competition Policy in the Wake of the Economic Crisis

Michael Böheim
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Michael Böheim: WIFO

Austrian Economic Quarterly, 2010, vol. 15, issue 4, 349-363

Abstract: Scandinavian countries are pursuing a successful two-pronged economic policy strategy with a focus on future-orientated investment and competition which could serve as a model for Austria. While the need to close the gap in Austrian economic policy in terms of future-orientated investment has been recognised, the intensification of competition as a possible tool has been neglected. The strengthening of competition, in the framework of a consolidation of the public budget, represents an attractive economic policy option to increase growth and employment in Austria. Competitiveness could be sustainably strengthened through a proactive orientation of overall competition policy that phases out competition-distorting regulations and subsidies as well as through privatisations.

Keywords: Competitiveness; Economic Crisis; Financial Crisis (search for similar items in EconPapers)
Date: 2010
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