WHAT INFLUENCES ADOPTION OF COMPETITION LAW? THE CASE OF ASEAN ECONOMIES

Majah-Leah Ravago, James Roumasset and Arsenio Balisacan

The Singapore Economic Review (SER), 2022, vol. 67, issue 05, 1607-1636

Abstract: We investigate the factors that influence adoption of competition law using a panel of countries from 1970 to 2015. We find that in addition to development level, trading arrangements and peer pressure have also influenced adoption. The spread of competition laws adopted from Western precedents left a question regarding the extent they have been tailored to the diverse circumstances of the Association of Southeast Asian Nations countries. We document the nature, structure, conduct and scope of competition laws by comparing and contrasting the experience of the Philippines and Thailand. Our descriptive analysis reveals that the force and influence of the law are not entirely dependent on early adoption.

Keywords: Competition law; competition policy; ASEAN; antitrust; Philippines; Thailand (search for similar items in EconPapers)
JEL-codes: F63 K21 L40 L44 L51 O10 O53 O57 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1142/S0217590821430049

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