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Product Market Competition and Economic Performance in Finland

Author

Listed:
  • Jens Høj
  • Michael Wise
Abstract
Following the deep recession in the early 1990s growth has been strong, but the scope for economic catch-up remains considerable and cross-country empirical evidence suggests that enhancing competition is an important means of achieving this. Structural reforms to strengthen competition in the early 1990s did boost growth and were also ahead of similar developments in the EU. However, indicators suggest that relatively weak competition remains in a number of sectors. Moreover, potential competition is reduced by a sparse population and relative long distances to large markets, which together with the prevalence of local monopolies and public ownership in many network industries, point to the need for greater vigilance to sustain and promote competition. Further reforms to promote product market competition should focus on fundamental changes in the regulatory approach as well as more incremental measures to intensify competition. The competition authority should concentrate ... Concurrence sur le marché des biens et performance économique en Finlande Après la sévère récession des années 1990, la croissance économique a été forte mais la convergence en termes de la productivité est encore loin d’être complète et les comparaisons empiriques internationales suggèrent qu’un renforcement de la concurrence pourrait résorber une part significative de ce retard. Certes, les réformes structurelles mises en œuvre au début des années 1990 pour renforcer la concurrence ont soutenu la croissance et ont même souvent été plus précoces qu’au sein de l’Union Européenne. Néanmoins, divers indicateurs suggèrent que le degré de concurrence reste insuffisant dans de nombreux secteurs. En outre, le degré potentiel de concurrence reste contenu en raison de l’éparpillement de la population et l’éloignement par rapport des longues distances d’accès aux grands marchés, qui, combinés à l’importance des monopoles locaux et de l’actionnariat de l’état dans de nombreuses industries de réseaux, suggèrent la nécessité d’une vigilance renforcée pour ...

Suggested Citation

  • Jens Høj & Michael Wise, 2004. "Product Market Competition and Economic Performance in Finland," OECD Economics Department Working Papers 413, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:413-en
    DOI: 10.1787/064577425651
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    Citations

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    Cited by:

    1. Kyoji Fukao & Cristiano Perugini, 2021. "The Long‐Run Dynamics of the Labor Share in Japan," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 67(2), pages 445-480, June.
    2. International Monetary Fund, 2005. "Finland: Selected Issues," IMF Staff Country Reports 2005/036, International Monetary Fund.
    3. Valkonen, Laura, 2006. "Deregulation as a Means to Increase Competition and Productivity," Discussion Papers 1014, The Research Institute of the Finnish Economy.
    4. Grossmann, Volker & Steger, Thomas M., 2008. "Anti-competitive conduct, in-house R&D, and growth," European Economic Review, Elsevier, vol. 52(6), pages 987-1008, August.

    More about this item

    Keywords

    achat public; competition law; concurrence sur les marchés de biens; droit de la concurrence; Finland; Finlande; industrie de réseau; network industries; product market competition; productivity and growth; productivité et croissance; public ownership; public procurement; regulatory reforms; retail sector; réforme structurelle; secteur public; vente au détail;
    All these keywords.

    JEL classification:

    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • L87 - Industrial Organization - - Industry Studies: Services - - - Postal and Delivery Services
    • L9 - Industrial Organization - - Industry Studies: Transportation and Utilities
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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