Barriers to Competition in Product Market Regulation : New Insights on Emerging Market and Developing Economies
Reforms to foster competition in product markets have been shown to improve productivity and support economic growth in advanced economies (AEs). However, relatively little is known about restrictions to competition in emerging market and developin...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/852921599796685144/Barriers-to-Competition-in-Product-Market-Regulation-New-Insights-on-Emerging-Market-and-Developing-Economies http://hdl.handle.net/10986/34607 |
| Summary: | Reforms to foster competition in product
markets have been shown to improve productivity and support
economic growth in advanced economies (AEs). However,
relatively little is known about restrictions to competition
in emerging market and developing economies (EMDEs). We fill
this gap by comparing product market regulations across 33
AEs and 37 EMDEs using standardized indicators developed by
the Organization for Economic Co-operation and Development
and collected jointly with the World Bank Group. Product
market regulations are found to be more restrictive and more
variable in EMDEs than in AEs. Most variation among
countries can be attributed to differences in sector
policies. This analysis allows policy makers to identify
areas for reform and prompts policy researchers to
investigate the links between product market regulation and
economic development in EMDEs. |
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