Assessing Competition Policy on Economic Development

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Implementation of competition policies is one of the most recommended strategies to developing countries as a tool for achieving economic development. Using a panel dataset of over 100 countries and 7 years (from 2005-2011), I estimate the effect of competition on economic development, and also dete...

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Detalles Bibliográficos
Autor: Oré, Tilsa
Formato: artículo
Fecha de Publicación:2013
Institución:Pontificia Universidad Católica del Perú
Repositorio:Revistas - Pontificia Universidad Católica del Perú
Lenguaje:español
OAI Identifier:oai:revistaspuc:article/6376
Enlace del recurso:http://revistas.pucp.edu.pe/index.php/economia/article/view/6376
Nivel de acceso:acceso abierto
Materia:competition policy
economic development
competition law
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spelling Assessing Competition Policy on Economic DevelopmentEvaluación de las políticas de fomento de la competencia para el desarrolloOré, Tilsacompetition policyeconomic developmentcompetition lawImplementation of competition policies is one of the most recommended strategies to developing countries as a tool for achieving economic development. Using a panel dataset of over 100 countries and 7 years (from 2005-2011), I estimate the effect of competition on economic development, and also determine which of the comprehensive policy factors are the most relevant for increasing competition. A fixed effects instrumental variable approach is used.I find that competition intensity positively impacts economic development. The estimate is highly significant when effectiveness of antimonopoly policy and squared years of experience handling competition law are used as instruments for competition intensity. Political stability is shown to be a determinant for higher achievement in development. Macroeconomic environment and financial market development are also significant factors that contribute to higher economic development. Less developed countries should work intensively to improve their institutional quality and implement pro-competitive policies that are not only related to competition laws.La implementación de políticas de competencia es una de las estrategias más recomendadas para países en desarrollo para conseguir el desarrollo económico. Usando un conjunto de datos panel de más de cien países durante siete años (desde 2005-2011), estimo el efecto de la competencia en el desarrollo económico. También determino cuáles de los factores de política integral son los más relevantes para incrementar la competencia. Se usa un enfoque con variables instrumentales de efectos fijos.Encuentro que la intensidad de la competencia impacta positivamente sobre el desarrollo económico. La estimación es altamente significativa cuando se usan como instrumentos de la intensidad de competencia: la efectividad de la política antimonopolio y los años de experiencia manejando leyes de competencia al cuadrado. Se demuestra que la estabilidad política es un determinante de mayor éxito y desarrollo. El entorno macroeconómico y el desarrollo del mercado financiero también son factores significativos que contribuyen a un mayor desarrollo económico. Los países menos desarrollados deben trabajar intensamente para mejorar su calidad institucional e implemente políticas pro-competencia que no solo estén relacionadas a las leyes de competencia.Pontificia Universidad Católica del Perú2013-07-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttp://revistas.pucp.edu.pe/index.php/economia/article/view/637610.18800/economia.201301.001Economía; Volume 36 Issue 71 (2013); 9-562304-43060254-4415reponame:Revistas - Pontificia Universidad Católica del Perúinstname:Pontificia Universidad Católica del Perúinstacron:PUCPspahttp://revistas.pucp.edu.pe/index.php/economia/article/view/6376/6430Derechos de autor 2013 Economíahttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessoai:revistaspuc:article/63762025-07-04T15:14:48Z
dc.title.none.fl_str_mv Assessing Competition Policy on Economic Development
Evaluación de las políticas de fomento de la competencia para el desarrollo
title Assessing Competition Policy on Economic Development
spellingShingle Assessing Competition Policy on Economic Development
Oré, Tilsa
competition policy
economic development
competition law
title_short Assessing Competition Policy on Economic Development
title_full Assessing Competition Policy on Economic Development
title_fullStr Assessing Competition Policy on Economic Development
title_full_unstemmed Assessing Competition Policy on Economic Development
title_sort Assessing Competition Policy on Economic Development
dc.creator.none.fl_str_mv Oré, Tilsa
author Oré, Tilsa
author_facet Oré, Tilsa
author_role author
dc.subject.none.fl_str_mv competition policy
economic development
competition law
topic competition policy
economic development
competition law
description Implementation of competition policies is one of the most recommended strategies to developing countries as a tool for achieving economic development. Using a panel dataset of over 100 countries and 7 years (from 2005-2011), I estimate the effect of competition on economic development, and also determine which of the comprehensive policy factors are the most relevant for increasing competition. A fixed effects instrumental variable approach is used.I find that competition intensity positively impacts economic development. The estimate is highly significant when effectiveness of antimonopoly policy and squared years of experience handling competition law are used as instruments for competition intensity. Political stability is shown to be a determinant for higher achievement in development. Macroeconomic environment and financial market development are also significant factors that contribute to higher economic development. Less developed countries should work intensively to improve their institutional quality and implement pro-competitive policies that are not only related to competition laws.
publishDate 2013
dc.date.none.fl_str_mv 2013-07-01
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://revistas.pucp.edu.pe/index.php/economia/article/view/6376
10.18800/economia.201301.001
url http://revistas.pucp.edu.pe/index.php/economia/article/view/6376
identifier_str_mv 10.18800/economia.201301.001
dc.language.none.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv http://revistas.pucp.edu.pe/index.php/economia/article/view/6376/6430
dc.rights.none.fl_str_mv Derechos de autor 2013 Economía
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Derechos de autor 2013 Economía
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Pontificia Universidad Católica del Perú
publisher.none.fl_str_mv Pontificia Universidad Católica del Perú
dc.source.none.fl_str_mv Economía; Volume 36 Issue 71 (2013); 9-56
2304-4306
0254-4415
reponame:Revistas - Pontificia Universidad Católica del Perú
instname:Pontificia Universidad Católica del Perú
instacron:PUCP
instname_str Pontificia Universidad Católica del Perú
instacron_str PUCP
institution PUCP
reponame_str Revistas - Pontificia Universidad Católica del Perú
collection Revistas - Pontificia Universidad Católica del Perú
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 13.905282
Assessing Competition Policy on Economic Development
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