Ten Years of Product Market Reform in OECD Countries - Insights from a Revised PMR Indicator

OECD Economics Department Working Paper No. 695

61 Pages Posted: 13 Oct 2010

See all articles by Anita Wölfl

Anita Wölfl

Organization for Economic Co-Operation and Development - Economics Department

Isabelle Wanner

affiliation not provided to SSRN

Tomasz J. Kozluk

Organization for Economic Co-Operation and Development (OECD)

Giuseppe Nicoletti

Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO)

Date Written: April 24 , 2009

Abstract

This paper describes patterns and developments of regulation that potentially affect product market competition in OECD countries over the past decade. It uses the 2008 update and revision of the OECD indicators of product market regulation (PMR) that integrate to a larger extent than in the past information on sector-specific regulation and adapt a simpler and more transparent aggregation technique. The results show that OECD countries have extensively liberalised product markets over the past ten years and – as a consequence - convergence of regulation across OECD countries can be observed. However, reforms appear to have slowed in the most recent period (2003-2008) as compared with the earlier period (1998-2003). Easing of product market regulation appears to have been driven to a considerable extent by reforms in sector-specific regulation, notably as regards the gas, electricity and telecommunications markets. Countries appear also to have followed consistent reform approaches. However, scope for further reform remains, especially as regards controls of governments over businesses, and as regards certain sectors such as professional services and retail trade.

Keywords: Indicators of Product Market Regulation

JEL Classification: K2, L5

Suggested Citation

Wölfl, Anita and Wanner, Isabelle and Kozluk, Tomasz J. and Nicoletti, Giuseppe, Ten Years of Product Market Reform in OECD Countries - Insights from a Revised PMR Indicator (April 24 , 2009). OECD Economics Department Working Paper No. 695, Available at SSRN: https://ssrn.com/abstract=1690962 or http://dx.doi.org/10.2139/ssrn.1690962

Anita Wölfl (Contact Author)

Organization for Economic Co-Operation and Development - Economics Department ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

Isabelle Wanner

affiliation not provided to SSRN ( email )

Tomasz J. Kozluk

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

Giuseppe Nicoletti

Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO) ( email )

2 rue Andre Pascal
Paris Cedex 16, MO 63108
France
+33 1 4524 8730 (Phone)
+33 1 4524 1347 (Fax)

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