Competition Policy and Productivity Growth: An Empirical Assessment

Paolo Buccirossi, Lorenzo Ciari, Tomaso Duso, Giancarlo Spagnolo and Cristiana Vitale
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Paolo Buccirossi: LEAR
Lorenzo Ciari: European Bank for Reconstruction and Development
Cristiana Vitale: OECD

The Review of Economics and Statistics, 2013, vol. 95, issue 4, 1324-1336

Abstract: This paper estimates the impact of competition policy on total factor productivity growth for 22 industries in twelve OECD countries over 1995 to 2005. We find a positive and significant effect of competition policy as measured by created indexes. We provide results based on instrumental variables estimators and heterogeneous effects to support the causal nature of the established link. The effect is particularly strong for specific aspects of competition policy related to its institutional setup and antitrust activities. It is also strengthened by good legal systems, suggesting complementarities between competition policy and the efficiency of law enforcement institutions. © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Keywords: competition policy; productivity growth; TFP; institutions; deterrence; OECD (search for similar items in EconPapers)
JEL-codes: C23 K21 L4 O4 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (99)

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Related works:
Working Paper: Competition policy and productivity growth: An empirical assessment (2011)
Working Paper: Competition Policy and Productivity Growth: An Empirical Assessment (2009)
Working Paper: Competition Policy and Productivity Growth: An Empirical Assessment (2009)
Working Paper: Competition policy and productivity growth: An empirical assessment (2009)
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