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Competition Policy Influencing Macroeconomic Development

Author

Listed:
  • Lascov Victor

    (Lucian Blaga University of Sibiu, Faculty of Economics, Sibiu, Romania)

  • Tiuhtii ConstanÈ›a

    (Lucian Blaga University of Sibiu, Faculty of Economics, Sibiu, Romania)

Abstract

Measuring the overall economic effects of competition policy is a matter of particular importance. The quantification of the competition policy impact on the economy as a whole bases on macroeconomic models to assess the direct and indirect effect of competition policy on GDP growth and other macroeconomic performances. In addition to calculating consumer benefit, information on the impact of competition policy on macroeconomic variables, such as GDP growth and productivity, is also essential for the debate on competition and liberalization. Although there is a consensus in the literature that rivalry provides welfare gains, it is less clear from an empirical perspective that competition policy favors competitiveness, which in turn contributes to economic growth. The paper presents an analysis of studies on how the application of competition policy influences macroeconomic development.

Suggested Citation

  • Lascov Victor & Tiuhtii ConstanÈ›a, 2020. "Competition Policy Influencing Macroeconomic Development," Management Strategies Journal, Constantin Brancoveanu University, vol. 50(4), pages 97-103.
    • Handle: RePEc:brc:journl:v:50:y:2020:i:4:p:97-103
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    References listed on IDEAS

    as
    1. Stefan Voigt, 2009. "The Effects of Competition Policy on Development - Cross-Country Evidence Using Four New Indicators," Journal of Development Studies, Taylor & Francis Journals, vol. 45(8), pages 1225-1248.
    2. Tay-Cheng Ma, 2011. "The Effect Of Competition Law Enforcement On Economic Growth," Journal of Competition Law and Economics, Oxford University Press, vol. 7(2), pages 301-334.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Competition policy; Macroeconomic development; Efficiency of competition policy;
    All these keywords.

    JEL classification:

    • L4 - Industrial Organization - - Antitrust Issues and Policies
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • K2 - Law and Economics - - Regulation and Business Law
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law

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