| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7454 |
| DP7454 How to Measure the Deterrence Effects of Merger Policy: Frequency or Composition? | |
| Pedro Barros; Jo Seldeslachts; Joseph A. Clougherty | |
| 发表日期 | 2009-09-23 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | 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 as well as 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. |
| 主题 | Industrial Organization |
| 关键词 | Antitrust Competition policy Deterrence Institutions Productivity growth |
| URL | https://cepr.org/publications/dp7454 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536305 |
| 推荐引用方式 GB/T 7714 | Pedro Barros,Jo Seldeslachts,Joseph A. Clougherty. DP7454 How to Measure the Deterrence Effects of Merger Policy: Frequency or Composition?. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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