Product Market Regulation in Romania: A Comparison with OECD Countries

61 Pages Posted: 20 Apr 2016

Date Written: November 1, 2007

Abstract

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.

Keywords: Public Sector Regulation, Transport Economics Policy & Planning, E-Business, Emerging Markets, Markets and Market Access

Suggested Citation

Fay, Marianne and De Rosa, Donato and Pauna, Catalin, Product Market Regulation in Romania: A Comparison with OECD Countries (November 1, 2007). World Bank Policy Research Working Paper No. 4402, Available at SSRN: https://ssrn.com/abstract=1030468

Marianne Fay

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Donato De Rosa

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Catalin Pauna (Contact Author)

University of Essex ( email )

Wivenhoe Park
Colchester CO4 3SQ
United Kingdom

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