Too Little Destruction, Too Little Creation: A Schumpeterian Diagnosis of Barriers to Sustained Growth in Ukraine

ECO/WKP No. (2007)34

49 Pages Posted: 31 Aug 2009

See all articles by Christian Gianella

Christian Gianella

Ministry of the Economy, Finance and Industry (MINEFI) - Direction de la Prevision

William Tompson

OECD

Date Written: September 3, 2007

Abstract

This paper examines problems of entry, exit and competition in Ukrainian product markets. It finds that Ukraine still has too little of all three, and that exit mechanisms, in particular, function poorly. Since impediments to entry and exit are largely the product of excessive and ill administered regulation, the paper also provides a systematic assessment of product-market regulation in Ukraine, using indicators developed by the OECD Economics Department. Finally, the paper presents the main findings of two empirical studies concerned with the potentially large benefits of opening up markets, via both increased competition and further privatisation, for productivity growth in Ukraine.

This paper relates to the 2007 Economic Survey of Ukraine.

Keywords: Ukraine; competition, product-market regulation, creative destruction, entry, exit, restructuring

JEL Classification: D24, D43, H11, L1, L5, L9, O12, P23

Suggested Citation

Gianella, Christian and Tompson, William, Too Little Destruction, Too Little Creation: A Schumpeterian Diagnosis of Barriers to Sustained Growth in Ukraine (September 3, 2007). ECO/WKP No. (2007)34, Available at SSRN: https://ssrn.com/abstract=1464597 or http://dx.doi.org/10.2139/ssrn.1464597

Christian Gianella (Contact Author)

Ministry of the Economy, Finance and Industry (MINEFI) - Direction de la Prevision ( email )

139 rue de Bercy
75012 Paris
France

William Tompson

OECD ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

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