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- Title
DOES EU COMPETITION POLICY SUPPORT INCLUSIVE GROWTH?
- Authors
Dierx, Adriaan; Ilzkovitz, Fabienne; Pataracchia, Beatrice; Ratto, Marco; Thum-Thysen, Anna; Varga, Janos
- Abstract
This article proposes a novel methodology to strengthen the micro-foundations of a macroeconomic assessment of EU competition policy. A unique database containing case-specific information on merger and cartel decisions is exploited to conduct macroeconomic policy simulations using a Dynamic Stochastic General Equilibrium model. The model has been extended to allow investigating the effects of EU competition policy interventions not only on standard macroeconomic variables such as GDP and employment, but also on distributional outcomes across households with different skill levels and across different types of income earners (capital owners, wage earners, and benefit recipients). The policy simulations presented include both direct and indirect (deterrent) effects of competition policy interventions. They show that competition policy has a sizeable impact on GDP growth, job creation, and the distribution of consumption across different types of households.
- Subjects
EUROPEAN Union countries; ANTITRUST law; MACROECONOMICS -- Government policy; GROSS domestic product; JOB creation; EUROPEAN Commission
- Publication
Journal of Competition Law & Economics, 2017, Vol 13, Issue 2, p225
- ISSN
1744-6414
- Publication type
Article
- DOI
10.1093/joclec/nhx015