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Cartels And Productivity Growth: An Empirical Investigation Of The Impact Of Cartels On Productivity In The Netherlands

Author

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  • Lilian T.D. Petit
  • Ron G.M. Kemp
  • Jarig van Sinderen

Abstract

Currently, there are only a few empirical studies that have studied the possible consequences of cartels on productivity growth. Empirical insights about cartels would be critical for competition authorities to examine and legitimize their own policies. Until 1998, the Netherlands had a permissive attitude towards cartels—cartels were required to register. The Netherlands' cartel register provides an opportunity to study the effects of cartelization on productivity growth. By using cartel and industry data on productivity growth, we estimate the impact of cartel formation, cartel presence, and cartel termination on the total productivity growth in the Netherlands between 1982 and 1998. Our research results suggest that cartel presence, indicated by registration status in the cartel register, indeed curbs productivity growth.

Suggested Citation

  • Lilian T.D. Petit & Ron G.M. Kemp & Jarig van Sinderen, 2015. "Cartels And Productivity Growth: An Empirical Investigation Of The Impact Of Cartels On Productivity In The Netherlands," Journal of Competition Law and Economics, Oxford University Press, vol. 11(2), pages 501-525.
    • Handle: RePEc:oup:jcomle:v:11:y:2015:i:2:p:501-525.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhv015
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    References listed on IDEAS

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    1. William J. Baumol, 2004. "Four Sources of Innovation and Stimulation of Growth in the Dutch Economy," De Economist, Springer, vol. 152(3), pages 321-351, September.
    2. Richard Disney & Jonathan Haskel & Ylva Heden, 2003. "Restructuring and productivity growth in uk manufacturing," Economic Journal, Royal Economic Society, vol. 113(489), pages 666-694, July.
    3. George Symeonidis, 2008. "The Effect of Competition on Wages and Productivity: Evidence from the United Kingdom," The Review of Economics and Statistics, MIT Press, vol. 90(1), pages 134-146, February.
    4. Nickell, Stephen J, 1996. "Competition and Corporate Performance," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 724-746, August.
    5. 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.
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    Cited by:

    1. Jan Sviták & Jarig Sinderen, 2018. "Economic Impact of Competition Policy: A Look Beyond Consumer Surplus," De Economist, Springer, vol. 166(1), pages 23-40, March.

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    More about this item

    JEL classification:

    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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