Showing 1 - 10 of 35
This paper is one of four in this Working Paper Series, focusing on financial liberalisation, along with those of Miller and Weller, Kupiec and Blundell-Wignall and Browne. Its main purpose is to evaluate the imperfections still affecting deregulated credit markets. In particular, the paper...
Persistent link: https://www.econbiz.de/10012444158
This paper discusses the current state of product market competition in Iceland, including the legal and regulatory framework, and suggests directions for further improvement. Given the size of the economy, efficiency considerations dictate high concentration in many markets, and preventing...
Persistent link: https://www.econbiz.de/10012442998
The paper uses a data base on regulation, market structure and performance in the air passenger transportation industry …
Persistent link: https://www.econbiz.de/10012443072
new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has … increased in recent years, despite extensive liberalisation and privatisation in the OECD area. We then look at the regulation … the gains are greater the further a given country is from the technology leader, suggesting that regulation limiting ... …
Persistent link: https://www.econbiz.de/10012443921
. However, Canada’s regulated conduct doctrine exempts anti-competitive behaviour when required by regulation, and thus … regulation. Restrictions on internal trade also continue to exist, and implementation of the Agreement on Internal Trade is less …
Persistent link: https://www.econbiz.de/10012444013
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...
Persistent link: https://www.econbiz.de/10012444046
approach embodied in the reform is promising. However, there remains a serious risk that its aims could be subverted by special …
Persistent link: https://www.econbiz.de/10012444056
are completely excluded, given the high risk of sanctions and damages for violation, many anomalous exemptions and special …
Persistent link: https://www.econbiz.de/10012444089
This paper discusses product market regulatory reforms in Italy over the past decade. Special attention is given to the underlying macroeconomic context for sectoral reforms and the role played by such reforms in consolidating the gains of macroeconomic convergence for entry into the European...
Persistent link: https://www.econbiz.de/10012444133
Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken competition and has left a legacy of government...
Persistent link: https://www.econbiz.de/10012444204