Fostering Competition in the Philippines : The Challenge of Restrictive Regulations
The objective of this report is to identify existing regulatory restraints to competition in key sectors and the economy as a whole and use them to design an effective competition policy for the Philippines. The report builds on Product Market Regu...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/478061551366290646/Fostering-Competition-in-the-Philippines-The-Challenge-of-Restrictive-Regulations http://hdl.handle.net/10986/31353 |
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okr-10986-313532021-09-17T05:11:18Z Fostering Competition in the Philippines : The Challenge of Restrictive Regulations World Bank Group COMPETITION POLICY REGULATION PRIVATE SECTOR DEVELOPMENT MARKET POWER STATE-OWNED ENTERPRISES MARKET ENTRY TRADE POLICY INVESTMENT CLIMATE ELECTRICITY TELECOMMUNICATIONS TRANSPORT PROFESSIONAL SERVICES The objective of this report is to identify existing regulatory restraints to competition in key sectors and the economy as a whole and use them to design an effective competition policy for the Philippines. The report builds on Product Market Regulation (PMR) indicators and the WBG’s Markets and Competition Policy Assessment Tool (MCPAT) applied to the Philippine markets to (i) develop the main aspects of the advocacy role of the Philippine Competition Commission (PCC) against current market features; (ii) map regulatory restrictions to competition and classify them according to their effects; (iv) contextualize competition restraints within each sector to offer a set of policy recommendations; and (v) quantify the potential impact of a more pro-competitive regulatory environment for the Philippines’ economy. As the country did not have a competition law until 2015, the recently created PCC faces a challenging environment in which to implement its mandate. The two-year transitory period to start enforcement, as well as the potential to grant broad exemptions from the law under the forbearance clause, have hindered the ability of the PCC to prevent anticompetitive conduct of market players, either public or private. In this context, the advocacy role of the PCC offers a critical mechanism to address those regulatory conditions that may be enabling anticompetitive behavior. Limited market competition can stem from restrictive regulations or discretionary application of the regulatory framework that render entry and operation of new firms difficult. Ensuring government policies and regulations do not generate barriers to entry or distort the level playing field is necessary to enhance private sector participation and unlock investment opportunities. 2019-03-07T18:31:31Z 2019-03-07T18:31:31Z 2018-11 Working Paper http://documents.worldbank.org/curated/en/478061551366290646/Fostering-Competition-in-the-Philippines-The-Challenge-of-Restrictive-Regulations http://hdl.handle.net/10986/31353 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper East Asia and Pacific Philippines |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
COMPETITION POLICY REGULATION PRIVATE SECTOR DEVELOPMENT MARKET POWER STATE-OWNED ENTERPRISES MARKET ENTRY TRADE POLICY INVESTMENT CLIMATE ELECTRICITY TELECOMMUNICATIONS TRANSPORT PROFESSIONAL SERVICES |
| spellingShingle |
COMPETITION POLICY REGULATION PRIVATE SECTOR DEVELOPMENT MARKET POWER STATE-OWNED ENTERPRISES MARKET ENTRY TRADE POLICY INVESTMENT CLIMATE ELECTRICITY TELECOMMUNICATIONS TRANSPORT PROFESSIONAL SERVICES World Bank Group Fostering Competition in the Philippines : The Challenge of Restrictive Regulations |
| geographic_facet |
East Asia and Pacific Philippines |
| description |
The objective of this report is to
identify existing regulatory restraints to competition in
key sectors and the economy as a whole and use them to
design an effective competition policy for the Philippines.
The report builds on Product Market Regulation (PMR)
indicators and the WBG’s Markets and Competition Policy
Assessment Tool (MCPAT) applied to the Philippine markets to
(i) develop the main aspects of the advocacy role of the
Philippine Competition Commission (PCC) against current
market features; (ii) map regulatory restrictions to
competition and classify them according to their effects;
(iv) contextualize competition restraints within each sector
to offer a set of policy recommendations; and (v) quantify
the potential impact of a more pro-competitive regulatory
environment for the Philippines’ economy. As the country did
not have a competition law until 2015, the recently created
PCC faces a challenging environment in which to implement
its mandate. The two-year transitory period to start
enforcement, as well as the potential to grant broad
exemptions from the law under the forbearance clause, have
hindered the ability of the PCC to prevent anticompetitive
conduct of market players, either public or private. In this
context, the advocacy role of the PCC offers a critical
mechanism to address those regulatory conditions that may be
enabling anticompetitive behavior. Limited market
competition can stem from restrictive regulations or
discretionary application of the regulatory framework that
render entry and operation of new firms difficult. Ensuring
government policies and regulations do not generate barriers
to entry or distort the level playing field is necessary to
enhance private sector participation and unlock investment opportunities. |
| format |
Working Paper |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Fostering Competition in the Philippines : The Challenge of Restrictive Regulations |
| title_short |
Fostering Competition in the Philippines : The Challenge of Restrictive Regulations |
| title_full |
Fostering Competition in the Philippines : The Challenge of Restrictive Regulations |
| title_fullStr |
Fostering Competition in the Philippines : The Challenge of Restrictive Regulations |
| title_full_unstemmed |
Fostering Competition in the Philippines : The Challenge of Restrictive Regulations |
| title_sort |
fostering competition in the philippines : the challenge of restrictive regulations |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/478061551366290646/Fostering-Competition-in-the-Philippines-The-Challenge-of-Restrictive-Regulations http://hdl.handle.net/10986/31353 |
| _version_ |
1764474131338756096 |