Fay, Marianne
Product Market Regulation in Romania A Comparison With OECD Countries / Fay, Marianne [electronic resource] : Fay, Marianne - Washington, D.C., The World Bank, 2007 - 1 online resource (61 p.) - Policy research working papers. World Bank e-Library. .
Less restrictive product market policies are crucial in promoting convergence to higher levels of GDP per capita. This paper benchmarks product market policies in Romania to those of OECD countries by estimating OECD indicators of Product Market Regulation (PMR). The PMR indicators allow a comprehensive mapping of policies affecting competition in product markets. Comparison with OECD countries reveals that Romania's product market policies are less restrictive of competition than most direct comparators from the region and not far from the OECD average. Nonetheless, this achievement should be interpreted in light of the fact that PMR approach measures officially adopted policies. It does not capture implementation and enforcement, the area where future reform efforts should be directed if less restrictive policies are to have an effective impact on long-term growth prospects.
10.1596/1813-9450-4402
Commerce
Competitiveness
E-Business
Emerging Markets
International Trade
Macroeconomics and Economic Growth
Market Access
Market Structure
Markets and Market Access
Price Controls
Private Sector Development
Product Market
Product Markets
Public Sector Regulation
Retail
Sale
Transport
Transport Economics, Policy and Planning
Product Market Regulation in Romania A Comparison With OECD Countries / Fay, Marianne [electronic resource] : Fay, Marianne - Washington, D.C., The World Bank, 2007 - 1 online resource (61 p.) - Policy research working papers. World Bank e-Library. .
Less restrictive product market policies are crucial in promoting convergence to higher levels of GDP per capita. This paper benchmarks product market policies in Romania to those of OECD countries by estimating OECD indicators of Product Market Regulation (PMR). The PMR indicators allow a comprehensive mapping of policies affecting competition in product markets. Comparison with OECD countries reveals that Romania's product market policies are less restrictive of competition than most direct comparators from the region and not far from the OECD average. Nonetheless, this achievement should be interpreted in light of the fact that PMR approach measures officially adopted policies. It does not capture implementation and enforcement, the area where future reform efforts should be directed if less restrictive policies are to have an effective impact on long-term growth prospects.
10.1596/1813-9450-4402
Commerce
Competitiveness
E-Business
Emerging Markets
International Trade
Macroeconomics and Economic Growth
Market Access
Market Structure
Markets and Market Access
Price Controls
Private Sector Development
Product Market
Product Markets
Public Sector Regulation
Retail
Sale
Transport
Transport Economics, Policy and Planning