Abstract
The ultimate objective of the paper is to empirically investigate the effectiveness of competition policy in emerging countries, focusing on broader indicators of market performance in order to understand whether the presence of an antitrust authority has a significant impact, hence an effective utility, on the level of competition of a developing country. From a policy perspective, the aim of the paper is also to assess whether the enforcement of a competition policy regime in a developing country has the same beneficial effects on the intensity of competition usually claimed to take place in the most developed countries. Relying upon a dataset and the connected econometric model developed by one of the authors, we provisionally conclude that in developing countries the institutional quality of the competition authorities matters more than the mere existence or the degree of competence for the effectiveness of a competition policy regime.
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Acknowledgments
The authors, who remain the only responsible for the views expressed, would like to thank Dr. Giacomo Luchetta for the kind comments and suggestions offered and Prof. Stefan Voigt for the access to the dataset hereby indicated as Voigt (2009). For an in-depth analysis of the econometric model, see Samà, D. (2014), The Effectiveness of Competition Policy: An Econometric Assessment in Developed and Developing Countries, Working Paper.
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Pardolesi, R., Samà, D. (2016). Is Competition Policy Useful for Emerging Countries? An Empirical Analysis. In: Bellantuono, G., Lara, F. (eds) Law, Development and Innovation. SxI - Springer for Innovation / SxI - Springer per l'Innovazione, vol 13. Springer, Cham. https://doi.org/10.1007/978-3-319-13311-9_3
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DOI: https://doi.org/10.1007/978-3-319-13311-9_3
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