The Impact of Competition Law on Competition Facilitation, Competitiveness and Standard of Living

Document Type : Research Paper

Authors

1 Ph.D.

2 Ph.D. Student

Abstract

This paper examines the impact of competition law on the degree of local competition, competitiveness and the standard of living. Data is obtained from the World Economic Forum2003 and Global Competition Review2003 – in the form of different indices calculated for 83 less developed, developing and developed countries. A system of three equations is established, which is estimated both simultaneously and in single form. The result of both models showed that competition law application affects competitiveness and thus the standard of living in a positive way (0.62). Also the simultaneous approach results on the degree of local competition showed that monopoly regulation policies influences the level of competition among domestic firms (5.4%) and through that it improves the standard of living (0.58%). 
 

Keywords

References

 
 
Black, Julia (1999); "Using rules efficiently", in Regulation and Deregulation, McGraw Hill. 1st ed.
Brook, Douglas. H. (2005); "Competition Policy and Development", ERD Policy Brief, No. 39.
Brue, and McConnel (1996); Economics, 13th ed. Norton pub.
Collier Ute (1999); "Deregulation in the European Union", in Regulation and Deregulation, McGraw Hill. 1st Ed.
Dutz, Mark A. and Maria Vagliasindi (2000); "Competition Policy Implementation in Transition Economies: An Empirical Assessment", European Economic Review, No. 44, pp. 762-772.
Evenett, Simon J. (2002); "How Much Have Merger Review Laws Reduced Cross Mergers and Acquisitions?", Mimeo, World Trade Institute.
Evenett, Simon J. (2005); What is the Relationship between Competition Law and Policy and Economic Development?, University of Oxford.
Kee, Hiau Looi and Bernard Hoekman (2003); "Imports, Entry, and Competition Law as Market Disciplines", CEPR Discussion Paper, No. 3777.
Khemani, D.R. (1996); "The interface between competition and trade policies", In: Bora, B. and Pangestn, M. Priority Issues in Trade and Investment Liberalization, Pacific Economic Cooperation Council Singapare,
Kolasky. William J. (2002); "Using competition policy to promote competitiveness", American Chamber of Commerce, Department of Justice, Republic of Korea.
Krakowski, Michael (2005); "Competition Policy Works: the effect of competition policy on the intensity of competition-an international cross country comparison", HWWA Discussion Paper, 332.
Lee, Cassey (2002); The Institutional and policy Framework for Regulation in Malaysia, University of Malaya.
Nicholson, Michael W. (2004); Quantifying Antitrust Regimes, Federal Trade Commission.
Porter, Michael. (2001); Microeconomic Foundations of Competitiveness - A New Agenda for International Aid Institutions, Institute for Strategy and Competitiveness Harvard Business School.
Ruffin, Roy and Paul R. Gregory. (1990); Economics, A Division of the Scott, Foresman and Company. 4th ed.
Schiller, Bradley R. (1989); The economy Today, Random House Business Division, 4th ed.
 
Iranian Journal of Trade Studies
Volume 12, Issue 45 - Serial Number 45
December 2022
Pages 245-281

Files

History

  • Receive Date: 28 December 2022
  • Accept Date: 28 December 2022

Share

How to cite

Statistics