THE EFFECTIVENESS OF COMPETITION LAW IN PROMOTING ECONOMIC DEVELOPMENT

Yıl 2013, Cilt: 5 Sayı: 1, 33 - 43, 01.06.2013

Bineswaree Bolaky

Öz

Enforcement of competition law can promote economic development in
developing countries. Competition law can stimulate economic development
through its impact on intensity of competition and through a signaling effect to
investors and entrepreneurs. There is evidence that a country that has enacted and
applied a competition law has on average a higher GDP per capita than a country
without a competition law. This quantitative impact is half as large as the impact
of an institutional variable such as rule of law. The characteristics of competition
law also matter. De facto independence of the competition agencies and the
substantive contents of the law matter for economic development.

Anahtar Kelimeler

Competition law, Economic development, Competition policy

Kaynakça

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