EconPapers    
Economics at your fingertips  
 

Product Market Regulation in Romania: A Comparison with OECD Countries - Part II

Marianne Fay (), Donato De Rosa () and Catalin Pauna

Journal for Economic Forecasting, 2008, vol. 5, issue 3, 5-29

Abstract: Less restrictive product market policies are crucial in promoting convergence to higher levels of GDP per capita. This paper benchmarks product market policies in Romania to those of OECD countries by estimating OECD indicators of Product Market Regulation (PMR). The PMR indicators allow a comprehensive mapping of policies affecting competition in product markets. Comparison with OECD countries reveals that Romania’s product market policies are less restrictive of competition than most direct comparators from the region and not far from the OECD average. Nonetheless, this achievement should be interpreted in light of the fact that PMR approach measures officially adopted policies. It does not capture implementation and enforcement, the area where future reform efforts should be directed if less restrictive policies are to have an effective impact on long-term growth prospects. Part II: Outward-oriented Policies with some suggestions for the next steps.

Keywords: regulation; product markets; administrative reforms; inward looking policies; outward looking policies (search for similar items in EconPapers)
JEL-codes: L51 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.ipe.ro/rjef/rjef3_08/rjef3_08_1.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v:5:y:2008:i:3:p:5-29

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ().

 
Page updated 2021-06-16
Handle: RePEc:rjr:romjef:v:5:y:2008:i:3:p:5-29