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Düsseldorf Institute for Competition Economics (DICE), University of Düsseldorf >
DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE) >
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http://hdl.handle.net/10419/48605
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| Title: | | Competition policy and productivity growth: An empirical assessment  |
| Authors: | | Buccirossi, Paolo Ciari, Lorenzo Duso, Tomaso Spagnolo, Giancarlo Vitale, Cristiana |
| Issue Date: | | 2011 |
| Series/Report no.: | | DICE discussion paper 22 |
| Abstract: | | This paper empirically investigates the effectiveness of competition policy by estimating its impact on Total Factor Productivity (TFP) growth for 22 industries in 12 OECD countries over the period 1995-2005. We find a robust positive and significant effect of competition policy as measured by newly created indexes. We provide several arguments and results based on instrumental variables estimators and non-linearities to support the claim that the established link can be interpreted in a causal way. At a disaggregated level, the effect on TFP growth is particularly strong for specific aspects of competition policy related to its institutional set up and antitrust activities (rather than merger control). The effect is strengthened by good legal systems, suggesting complementarities between competition policy and the efficiency of law enforcement institutions. |
| Subjects: | | Competition Policy Productivity Growth TFP Institutions Deterrence OECD |
| JEL: | | L4 K21 O4 C23 |
| Document Type: | | Working Paper |
| Appears in Collections: | | DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE)
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