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Competition, Productivity and Competitiveness: Theory, Evidence, and an Agenda for Cyprus

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  • Sofronis Clerides

    (Department of Economics, University of Cyprus)

Abstract

Structural reform programs often emphasize the importance of enhancing product market competition as a means of boosting productivity. Measures to that effect include trade liberalization; removal of entry barriers and market liberalization; privatizations; and an enhanced role for competition authorities. The article examines the theoretical link between competition and productivity and reviews the historical evidence on the effectiveness of competition-enhancing measures in improving productivity and boosting economic growth. It concludes by describing an agenda for structural reform for the Cypriot economy.

Suggested Citation

  • Sofronis Clerides, 2012. "Competition, Productivity and Competitiveness: Theory, Evidence, and an Agenda for Cyprus," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 6(2), pages 81-88, December.
    • Handle: RePEc:erc:cypepr:v:6:y:2012:i:2:p:81-88
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    References listed on IDEAS

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    Cited by:

    1. Stavros A. Zenios, 2013. "The Cyprus Debt: Perfect Crisis and a Way Forward," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 7(1), pages 3-45, June.
    2. Croes, Robertico & Ridderstaat, Jorge & Shapoval, Valeriya, 2020. "Extending tourism competitiveness to human development," Annals of Tourism Research, Elsevier, vol. 80(C).

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