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- Title
Assessing the Macroeconomic Effects of Competition Policy - the Impact on Economic Growth.
- Authors
Romano, Oana
- Abstract
In this paper we analyse the impact of competition policy on economic growth, using a panel data model in which we include several control variables (selected on the basis of an extended Solow-Swan growth model) as well as cross-section specific effects. The sample we use consists of 138 countries for which annual data was collected between 2009 and 2013. The results indicate a direct relationship between competition policy effectiveness (as computed by the World Economic Forum) and the percentage change in real GDP per capita, thus providing empirical evidence of the positive effects of competition policy enforcement on macroeconomic performances.
- Subjects
MACROECONOMICS; ECONOMIC competition; ECONOMIC policy; ECONOMIC development; ECONOMIC impact analysis; WORLD Economic Forum
- Publication
Economic Insights - Trends & Challenges, 2015, Vol 67, Issue 3, p81
- ISSN
2284-8576
- Publication type
Article