Competitive Market: Nitrous for Engine of Economic Growth

11 Pages Posted: 18 Mar 2014

See all articles by Deepankar Sharma

Deepankar Sharma

National Law University Jodhpur (NLUJ)

Varun Mishra

National Law University Jodhpur (NLUJ)

Date Written: March 10, 2014

Abstract

Competition policy promotes economic growth in developing countries? Prior to addressing this issue, the question is what is competition policy? Broadly defined, competition policy encompasses any policy (including competition law) that promotes competition and facilitates efficient resource allocation. Therefore the major goal of competition policy is to promote and protect competitive processes in order to foster allocative, internal and dynamic efficiency. Hence, it could be said that "efficiency is the goal, competition is the process".

To address the question of whether competition policy promotes economic growth, this essay first presents some concerns of developing countries then discusses the impact of competition on efficiency and productivity and the importance of legal institutions for economic growth.

Section 2 address some of the concern developing countries have of the role of competition policy. Section 3 explores the relationship between competition policy and economic growth. Section 4 introduces a competition policy relevant to developing countries. Section 5 provides empirical evidence and concludes.

Keywords: Competition, Market, Competitiveness, Economic Growth, Developing Countries

JEL Classification: A00, K00, K20, K21, K29

Suggested Citation

Sharma, Deepankar and Mishra, Varun, Competitive Market: Nitrous for Engine of Economic Growth (March 10, 2014). Available at SSRN: https://ssrn.com/abstract=2406985 or http://dx.doi.org/10.2139/ssrn.2406985

Deepankar Sharma (Contact Author)

National Law University Jodhpur (NLUJ) ( email )

NH-65, Nagour Road
Mandore, Jodhpur, Rajasthan 342304
India
+91- 9950047949 (Phone)

Varun Mishra

National Law University Jodhpur (NLUJ) ( email )

NH-65, Nagour Road
Kamala Nehru Nagar, Jodhpur
Mandore, Jodhpur, Rajasthan 34230
India

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
75
Abstract Views
713
Rank
687,532
PlumX Metrics