Product Market Competition and Economic Performance in Japan:
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many domestically or...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2004
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many domestically oriented sectors and consumer welfare has suffered under high prices and the slow introduction of new goods and services. This misallocation of resources contributes to explaining why the Japanese economy had difficulty in coming out of the quasi-stagnation of the past decade. Recognising that gains from more pro-competition policies are substantial, the Japanese government has now made the promotion of competitive markets a cornerstone of its economic policy. Reforms to promote product market competition in Japan should inter alia focus on strengthening the legal framework by increasing fines to a deterrent level and introducing cartel destabilising measures, such as a leniency ... |
| Beschreibung: | 1 Online-Ressource (50 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/222508788602 |
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| 520 | |a Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many domestically oriented sectors and consumer welfare has suffered under high prices and the slow introduction of new goods and services. This misallocation of resources contributes to explaining why the Japanese economy had difficulty in coming out of the quasi-stagnation of the past decade. Recognising that gains from more pro-competition policies are substantial, the Japanese government has now made the promotion of competitive markets a cornerstone of its economic policy. Reforms to promote product market competition in Japan should inter alia focus on strengthening the legal framework by increasing fines to a deterrent level and introducing cartel destabilising measures, such as a leniency ... | ||
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| index_date | 2024-07-03T19:34:56Z |
| indexdate | 2024-12-18T19:02:44Z |
| institution | BVB |
| language | English |
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| spelling | Høj, Jens Verfasser aut Product Market Competition and Economic Performance in Japan Jens Høj and Michael Wise = Concurrence sur les marchés de produits et performance économique au Japon / Jens Høj et Michael Wise Concurrence sur les marchés de produits et performance économique au Japon Paris OECD Publishing 2004 1 Online-Ressource (50 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many domestically oriented sectors and consumer welfare has suffered under high prices and the slow introduction of new goods and services. This misallocation of resources contributes to explaining why the Japanese economy had difficulty in coming out of the quasi-stagnation of the past decade. Recognising that gains from more pro-competition policies are substantial, the Japanese government has now made the promotion of competitive markets a cornerstone of its economic policy. Reforms to promote product market competition in Japan should inter alia focus on strengthening the legal framework by increasing fines to a deterrent level and introducing cartel destabilising measures, such as a leniency ... Economics Japan Wise, Michael ctb https://doi.org/10.1787/222508788602 Verlag kostenfrei Volltext |
| spellingShingle | Høj, Jens Product Market Competition and Economic Performance in Japan Economics Japan |
| title | Product Market Competition and Economic Performance in Japan |
| title_alt | Concurrence sur les marchés de produits et performance économique au Japon |
| title_auth | Product Market Competition and Economic Performance in Japan |
| title_exact_search | Product Market Competition and Economic Performance in Japan |
| title_exact_search_txtP | Product Market Competition and Economic Performance in Japan |
| title_full | Product Market Competition and Economic Performance in Japan Jens Høj and Michael Wise = Concurrence sur les marchés de produits et performance économique au Japon / Jens Høj et Michael Wise |
| title_fullStr | Product Market Competition and Economic Performance in Japan Jens Høj and Michael Wise = Concurrence sur les marchés de produits et performance économique au Japon / Jens Høj et Michael Wise |
| title_full_unstemmed | Product Market Competition and Economic Performance in Japan Jens Høj and Michael Wise = Concurrence sur les marchés de produits et performance économique au Japon / Jens Høj et Michael Wise |
| title_short | Product Market Competition and Economic Performance in Japan |
| title_sort | product market competition and economic performance in japan |
| topic | Economics Japan |
| topic_facet | Economics Japan |
| url | https://doi.org/10.1787/222508788602 |
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