Does More Intense Competition Lead to Higher Growth?

The relationship between the intensity of competition in an economy and its long-run growth is an open question in economics. Theoretically, there is no clear-cut answer. Empirical evidence exists, however, that in some sectors more competition lea...

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Main Authors:	Dutz, Mark A., Hayri, Aydin
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ANNUAL GROWTH ANNUAL GROWTH RATE ANTI-COMPETITIVE PRACTICES ANTI-TRUST LAWS BUSINESS ENVIRONMENT CAPITAL ACCOUNT CAPITAL ACCUMULATION CAUSAL EFFECT CHAMBERS OF COMMERCE CIVIL LIBERTIES COMPETITION POLICY COMPETITIVE ENVIRONMENT COMPETITIVENESS CONSUMER PROTECTION CORPORATE PERFORMANCE COUNTRY REGRESSIONS CROSS-COUNTRY ANALYSIS CULTURAL CHANGE DATA AVAILABILITY DATA COLLECTION DATA SOURCES DEPENDENT VARIABLE DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT ]RESEARCH DEVELOPMENT ECONOMICS DEVELOPMENT INDICATORS DEVELOPMENT RESEARCH DIVERSIFICATION DUMPING ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC STUDIES ECONOMISTS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL STUDIES EMPIRICAL WORK EMPLOYMENT ENDOGENOUS VARIABLES ENVIRONMENTAL POLICIES EXOGENOUS VARIABLES EXPLANATORY VARIABLES EXPORTS FINANCIAL DEVELOPMENT FOSTER COMPETITION GCR GDP GNP GNP PER CAPITA GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORY HIGH INFLATION HUMAN CAPITAL IMPERFECT COMPETITION INCOME INDIVIDUAL COUNTRIES INEFFICIENCY INFLATION INSTITUTIONAL QUALITY INTERNAL ASSESSMENTS INTERNATIONAL OPENNESS INVESTMENT RATES LDCS LONG- TERM GROWTH LONG-RUN GROWTH LONG-TERM GROWTH MARKET ECONOMIES MARKET POWER NEGATIVE EFFECT OIL OPEN ECONOMIES POLICY ENVIRONMENT POLICY MEASURES POLICY RESEARCH POLICY VARIABLES POLITICAL ECONOMY POLITICAL RIGHTS POPULATION GROWTH POSITIVE EFFECTS POST OFFICES POVERTY REDUCTION PRICE CONTROLS PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC POLICY PUBLIC PROCUREMENT REAL GDP REAL GNP REFORM EFFORTS REGRESSION ANALYSIS REGULATORY FRAMEWORK SIGNIFICANT CORRELATION SOFT BUDGET CONSTRAINTS STATE ENTERPRISES STATE INTERVENTION STATE-OWNED ENTERPRISES TECHNOLOGICAL INNOVATION TERMS OF TRADE TRADE LIBERALIZATION TRADE OPENNESS TRADE POLICIES UNFAIR COMPETITION VALUE ADDED WEALTH COMPETITIVENESS SECTORAL ASSESSMENT INNOVATION IN BUSINESS CROSS-COUNTRY EXPERIENCE DOMESTIC MARKETS ANTITRUST LEGISLATION
Online Access:	http://documents.worldbank.org/curated/en/2000/04/437763/more-intense-competition-lead-higher-growth http://hdl.handle.net/10986/18837

id	okr-10986-18837
recordtype	oai_dc
spelling	okr-10986-188372021-04-23T14:03:46Z Does More Intense Competition Lead to Higher Growth? Dutz, Mark A. Hayri, Aydin ANNUAL GROWTH ANNUAL GROWTH RATE ANTI-COMPETITIVE PRACTICES ANTI-TRUST LAWS BUSINESS ENVIRONMENT CAPITAL ACCOUNT CAPITAL ACCUMULATION CAUSAL EFFECT CHAMBERS OF COMMERCE CIVIL LIBERTIES COMPETITION POLICY COMPETITIVE ENVIRONMENT COMPETITIVENESS CONSUMER PROTECTION CORPORATE PERFORMANCE COUNTRY REGRESSIONS CROSS-COUNTRY ANALYSIS CULTURAL CHANGE DATA AVAILABILITY DATA COLLECTION DATA SOURCES DEPENDENT VARIABLE DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT ]RESEARCH DEVELOPMENT ECONOMICS DEVELOPMENT INDICATORS DEVELOPMENT RESEARCH DIVERSIFICATION DUMPING ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC STUDIES ECONOMISTS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL STUDIES EMPIRICAL WORK EMPLOYMENT ENDOGENOUS VARIABLES ENVIRONMENTAL POLICIES EXOGENOUS VARIABLES EXPLANATORY VARIABLES EXPORTS FINANCIAL DEVELOPMENT FOSTER COMPETITION GCR GDP GNP GNP PER CAPITA GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORY HIGH INFLATION HUMAN CAPITAL IMPERFECT COMPETITION INCOME INDIVIDUAL COUNTRIES INEFFICIENCY INFLATION INSTITUTIONAL QUALITY INTERNAL ASSESSMENTS INTERNATIONAL OPENNESS INVESTMENT RATES LDCS LONG- TERM GROWTH LONG-RUN GROWTH LONG-TERM GROWTH MARKET ECONOMIES MARKET POWER NEGATIVE EFFECT OIL OPEN ECONOMIES POLICY ENVIRONMENT POLICY MEASURES POLICY RESEARCH POLICY VARIABLES POLITICAL ECONOMY POLITICAL RIGHTS POPULATION GROWTH POSITIVE EFFECTS POST OFFICES POVERTY REDUCTION PRICE CONTROLS PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC POLICY PUBLIC PROCUREMENT REAL GDP REAL GNP REFORM EFFORTS REGRESSION ANALYSIS REGULATORY FRAMEWORK SIGNIFICANT CORRELATION SOFT BUDGET CONSTRAINTS STATE ENTERPRISES STATE INTERVENTION STATE-OWNED ENTERPRISES TECHNOLOGICAL INNOVATION TERMS OF TRADE TRADE LIBERALIZATION TRADE OPENNESS TRADE POLICIES UNFAIR COMPETITION VALUE ADDED WEALTH COMPETITIVENESS ECONOMIC GROWTH SECTORAL ASSESSMENT PRODUCTIVITY GROWTH INNOVATION IN BUSINESS CROSS-COUNTRY EXPERIENCE GROWTH MODELS DOMESTIC MARKETS TRADE LIBERALIZATION ANTITRUST LEGISLATION COMPETITION POLICY The relationship between the intensity of competition in an economy and its long-run growth is an open question in economics. Theoretically, there is no clear-cut answer. Empirical evidence exists, however, that in some sectors more competition leads to more innovation, and accelerates productivity growth. To complement those findings, and capture economy-wide effects, the authors conduct a cross-country study. They examine the impact on growth of various measures having to do with intensity of domestic competition - beyond the effects of trade liberalization. Their results indicate a strong correlation between long-run growth, and effective enforcement of antitrust, and competition policy. 2014-06-30T18:26:03Z 2014-06-30T18:26:03Z 2000-04 http://documents.worldbank.org/curated/en/2000/04/437763/more-intense-competition-lead-higher-growth http://hdl.handle.net/10986/18837 English en_US Policy Research Working Paper;No. 2320 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ANNUAL GROWTH ANNUAL GROWTH RATE ANTI-COMPETITIVE PRACTICES ANTI-TRUST LAWS BUSINESS ENVIRONMENT CAPITAL ACCOUNT CAPITAL ACCUMULATION CAUSAL EFFECT CHAMBERS OF COMMERCE CIVIL LIBERTIES COMPETITION POLICY COMPETITIVE ENVIRONMENT COMPETITIVENESS CONSUMER PROTECTION CORPORATE PERFORMANCE COUNTRY REGRESSIONS CROSS-COUNTRY ANALYSIS CULTURAL CHANGE DATA AVAILABILITY DATA COLLECTION DATA SOURCES DEPENDENT VARIABLE DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT ]RESEARCH DEVELOPMENT ECONOMICS DEVELOPMENT INDICATORS DEVELOPMENT RESEARCH DIVERSIFICATION DUMPING ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC STUDIES ECONOMISTS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL STUDIES EMPIRICAL WORK EMPLOYMENT ENDOGENOUS VARIABLES ENVIRONMENTAL POLICIES EXOGENOUS VARIABLES EXPLANATORY VARIABLES EXPORTS FINANCIAL DEVELOPMENT FOSTER COMPETITION GCR GDP GNP GNP PER CAPITA GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORY HIGH INFLATION HUMAN CAPITAL IMPERFECT COMPETITION INCOME INDIVIDUAL COUNTRIES INEFFICIENCY INFLATION INSTITUTIONAL QUALITY INTERNAL ASSESSMENTS INTERNATIONAL OPENNESS INVESTMENT RATES LDCS LONG- TERM GROWTH LONG-RUN GROWTH LONG-TERM GROWTH MARKET ECONOMIES MARKET POWER NEGATIVE EFFECT OIL OPEN ECONOMIES POLICY ENVIRONMENT POLICY MEASURES POLICY RESEARCH POLICY VARIABLES POLITICAL ECONOMY POLITICAL RIGHTS POPULATION GROWTH POSITIVE EFFECTS POST OFFICES POVERTY REDUCTION PRICE CONTROLS PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC POLICY PUBLIC PROCUREMENT REAL GDP REAL GNP REFORM EFFORTS REGRESSION ANALYSIS REGULATORY FRAMEWORK SIGNIFICANT CORRELATION SOFT BUDGET CONSTRAINTS STATE ENTERPRISES STATE INTERVENTION STATE-OWNED ENTERPRISES TECHNOLOGICAL INNOVATION TERMS OF TRADE TRADE LIBERALIZATION TRADE OPENNESS TRADE POLICIES UNFAIR COMPETITION VALUE ADDED WEALTH COMPETITIVENESS ECONOMIC GROWTH SECTORAL ASSESSMENT PRODUCTIVITY GROWTH INNOVATION IN BUSINESS CROSS-COUNTRY EXPERIENCE GROWTH MODELS DOMESTIC MARKETS TRADE LIBERALIZATION ANTITRUST LEGISLATION COMPETITION POLICY
spellingShingle	ANNUAL GROWTH ANNUAL GROWTH RATE ANTI-COMPETITIVE PRACTICES ANTI-TRUST LAWS BUSINESS ENVIRONMENT CAPITAL ACCOUNT CAPITAL ACCUMULATION CAUSAL EFFECT CHAMBERS OF COMMERCE CIVIL LIBERTIES COMPETITION POLICY COMPETITIVE ENVIRONMENT COMPETITIVENESS CONSUMER PROTECTION CORPORATE PERFORMANCE COUNTRY REGRESSIONS CROSS-COUNTRY ANALYSIS CULTURAL CHANGE DATA AVAILABILITY DATA COLLECTION DATA SOURCES DEPENDENT VARIABLE DEREGULATION DEVELOPING COUNTRIES DEVELOPMENT ]RESEARCH DEVELOPMENT ECONOMICS DEVELOPMENT INDICATORS DEVELOPMENT RESEARCH DIVERSIFICATION DUMPING ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC STUDIES ECONOMISTS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL STUDIES EMPIRICAL WORK EMPLOYMENT ENDOGENOUS VARIABLES ENVIRONMENTAL POLICIES EXOGENOUS VARIABLES EXPLANATORY VARIABLES EXPORTS FINANCIAL DEVELOPMENT FOSTER COMPETITION GCR GDP GNP GNP PER CAPITA GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORY HIGH INFLATION HUMAN CAPITAL IMPERFECT COMPETITION INCOME INDIVIDUAL COUNTRIES INEFFICIENCY INFLATION INSTITUTIONAL QUALITY INTERNAL ASSESSMENTS INTERNATIONAL OPENNESS INVESTMENT RATES LDCS LONG- TERM GROWTH LONG-RUN GROWTH LONG-TERM GROWTH MARKET ECONOMIES MARKET POWER NEGATIVE EFFECT OIL OPEN ECONOMIES POLICY ENVIRONMENT POLICY MEASURES POLICY RESEARCH POLICY VARIABLES POLITICAL ECONOMY POLITICAL RIGHTS POPULATION GROWTH POSITIVE EFFECTS POST OFFICES POVERTY REDUCTION PRICE CONTROLS PRODUCT MARKETS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC POLICY PUBLIC PROCUREMENT REAL GDP REAL GNP REFORM EFFORTS REGRESSION ANALYSIS REGULATORY FRAMEWORK SIGNIFICANT CORRELATION SOFT BUDGET CONSTRAINTS STATE ENTERPRISES STATE INTERVENTION STATE-OWNED ENTERPRISES TECHNOLOGICAL INNOVATION TERMS OF TRADE TRADE LIBERALIZATION TRADE OPENNESS TRADE POLICIES UNFAIR COMPETITION VALUE ADDED WEALTH COMPETITIVENESS ECONOMIC GROWTH SECTORAL ASSESSMENT PRODUCTIVITY GROWTH INNOVATION IN BUSINESS CROSS-COUNTRY EXPERIENCE GROWTH MODELS DOMESTIC MARKETS TRADE LIBERALIZATION ANTITRUST LEGISLATION COMPETITION POLICY Dutz, Mark A. Hayri, Aydin Does More Intense Competition Lead to Higher Growth?
relation	Policy Research Working Paper;No. 2320
description	The relationship between the intensity of competition in an economy and its long-run growth is an open question in economics. Theoretically, there is no clear-cut answer. Empirical evidence exists, however, that in some sectors more competition leads to more innovation, and accelerates productivity growth. To complement those findings, and capture economy-wide effects, the authors conduct a cross-country study. They examine the impact on growth of various measures having to do with intensity of domestic competition - beyond the effects of trade liberalization. Their results indicate a strong correlation between long-run growth, and effective enforcement of antitrust, and competition policy.
format	Publications & Research :: Policy Research Working Paper
author	Dutz, Mark A. Hayri, Aydin
author_facet	Dutz, Mark A. Hayri, Aydin
author_sort	Dutz, Mark A.
title	Does More Intense Competition Lead to Higher Growth?
title_short	Does More Intense Competition Lead to Higher Growth?
title_full	Does More Intense Competition Lead to Higher Growth?
title_fullStr	Does More Intense Competition Lead to Higher Growth?
title_full_unstemmed	Does More Intense Competition Lead to Higher Growth?
title_sort	does more intense competition lead to higher growth?
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2000/04/437763/more-intense-competition-lead-higher-growth http://hdl.handle.net/10986/18837
_version_	1764441586391842816

Does More Intense Competition Lead to Higher Growth?

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