Product Market Regulation In Romania A Comparison With OECD Countries

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 comprehen...

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Bibliographic Details
Main Author: Fay, Marianne
Other Authors: Pauna, Catalin, De Rosa, Donato
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2007
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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653 |a Macroeconomics and Economic Growth 
653 |a Market Access 
653 |a E-Business 
653 |a Markets and Market Access 
653 |a Commerce 
653 |a Competitiveness 
653 |a Transport Economics, Policy and Planning 
653 |a Sale 
653 |a International Trade 
653 |a Market Structure 
653 |a Emerging Markets 
653 |a Product Markets 
653 |a Public Sector Regulation 
653 |a Private Sector Development 
653 |a Retail 
653 |a Product Market 
653 |a Transport 
653 |a Price Controls 
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520 |a 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