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Does Eu Competition Policy Support Inclusive Growth?

Author

Listed:
  • Adriaan Dierx
  • Fabienne Ilzkovitz
  • Beatrice Pataracchia
  • Marco Ratto
  • Anna Thum-Thysen
  • Janos Varga

Abstract

This article proposes a novel methodology to strengthen the micro-foundations of a macroeconomic assessment of EU competition policy. A unique database containing case-specific information on merger and cartel decisions is exploited to conduct macroeconomic policy simulations using a Dynamic Stochastic General Equilibrium model. The model has been extended to allow investigating the effects of EU competition policy interventions not only on standard macroeconomic variables such as GDP and employment, but also on distributional outcomes across households with different skill levels and across different types of income earners (capital owners, wage earners, and benefit recipients). The policy simulations presented include both direct and indirect (deterrent) effects of competition policy interventions. They show that competition policy has a sizeable impact on GDP growth, job creation, and the distribution of consumption across different types of households.

Suggested Citation

  • Adriaan Dierx & Fabienne Ilzkovitz & Beatrice Pataracchia & Marco Ratto & Anna Thum-Thysen & Janos Varga, 2017. "Does Eu Competition Policy Support Inclusive Growth?," Journal of Competition Law and Economics, Oxford University Press, vol. 13(2), pages 225-260.
    • Handle: RePEc:oup:jcomle:v:13:y:2017:i:2:p:225-260.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhx015
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    Cited by:

    1. Björn Döhring & Atanas Hristov & Christoph Maier & Werner Roeger & Anna Thum-Thysen, 2021. "COVID-19 acceleration in digitalisation, aggregate productivity growth and the functional income distribution," International Economics and Economic Policy, Springer, vol. 18(3), pages 571-604, July.
    2. Franco Mairuzzo & Peter Ormosi, 2022. "Do the poor pay more for increasing market concentration? A study of retail petroleum," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2021-08, Centre for Competition Policy, University of East Anglia, Norwich, UK..
    3. 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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