- 1815-1973 (online)
The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.
Policies Bearing on Product Market Competition and Growth in Europe
- Carl Gjersem
- 12 Jan 2004
- Bibliographic information
The strength of product market competition plays an important role in economic growth as it affects economic efficiency and the allocation of resources, and can also lead to improved labour market performance. This paper examines product market competition and economic performance in the European Union. The Community’s competition rules, which apply whenever anti-competitive practices have an implication for cross-border trade, are enforced primarily by the Commission’s Directorate General for Competition, and complement national competition legislation. Reforms have been adopted recently to sharpen the toolkit and to increase the role of national authorities in the enforcement process. However, the toolkit could still be made more effective. Competition policy is complemented by, and partly overlapping with, the regulation of newly liberalised network industries. Despite the EU’s commendable efforts in this area, competition is still undermined by dominant incumbents in some ...
- antitrust law, aggregate productivity and growth, euro area, trade negotiations, protection, integration, regulatory reforms, regulated industries, competition, European Union
- JEL Classification:
- F13: International Economics / Trade / Trade Policy; International Trade Organizations
- F15: International Economics / Trade / Economic Integration
- K21: Law and Economics / Regulation and Business Law / Antitrust Law
- K23: Law and Economics / Regulation and Business Law / Regulated Industries and Administrative Law
- O47: Economic Development, Innovation, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O50: Economic Development, Innovation, Technological Change, and Growth / Economywide Country Studies / General