Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence

Joseph Clougherty

No 7515, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Motivated by the general lack of empirical scholarship concerning the cross-national environment for competition policy, I present measures here of the overall resources dedicated to competition policy and the merger policy work-load for thirty-two antitrust jurisdictions over the 1992-2007 period. The data allow analysing a number of perceived trends in competition policy over the last two decades, and allow the generation of some factual insights concerning these trends: e.g., the budgetary commitment to competition policy in the cross-national environment for antitrust has substantially increased over this period; budgetary increases appear to be commensurate with increased antitrust workloads; yet, the role of economics does not appear to have substantially increased relative to the role of law. Moreover, I am also able to provide some evidence that budgetary commitments to antitrust institutions yield economic benefits in terms of improved economic growth: i.e., higher budgetary commitments to competition policy are associated with higher levels per-capita GDP growth.

Keywords: Competition policy; Growth; Policy trends (search for similar items in EconPapers)
JEL-codes: C23 K21 L40 O40 (search for similar items in EconPapers)
Date: 2009-10
New Economics Papers: this item is included in nep-com and nep-fdg
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence (2010)
Working Paper: Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence (2009)
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