Product Market Competition and Economic Performance in Finland
Høj, Jens.
Product Market Competition and Economic Performance in Finland [electronic resource] / Concurrence sur le marché des biens et performance économique en Finlande Jens Høj and Michael Wise = Concurrence sur le marché des biens et performance économique en Finlande / Jens Høj et Michael Wise - Paris : OECD Publishing, 2004. - 45 p. ; 21 x 29.7cm. - OECD Economics Department Working Papers, no.413 18151973 ; . - OECD Economics Department Working Papers, no.413. .
Following the deep recession in the early 1990s growth has been strong, but the scope for economic catch-up remains considerable and cross-country empirical evidence suggests that enhancing competition is an important means of achieving this. Structural reforms to strengthen competition in the early 1990s did boost growth and were also ahead of similar developments in the EU. However, indicators suggest that relatively weak competition remains in a number of sectors. Moreover, potential competition is reduced by a sparse population and relative long distances to large markets, which together with the prevalence of local monopolies and public ownership in many network industries, point to the need for greater vigilance to sustain and promote competition. Further reforms to promote product market competition should focus on fundamental changes in the regulatory approach as well as more incremental measures to intensify competition. The competition authority should concentrate ...
Economics
Finland
Product Market Competition and Economic Performance in Finland [electronic resource] / Concurrence sur le marché des biens et performance économique en Finlande Jens Høj and Michael Wise = Concurrence sur le marché des biens et performance économique en Finlande / Jens Høj et Michael Wise - Paris : OECD Publishing, 2004. - 45 p. ; 21 x 29.7cm. - OECD Economics Department Working Papers, no.413 18151973 ; . - OECD Economics Department Working Papers, no.413. .
Following the deep recession in the early 1990s growth has been strong, but the scope for economic catch-up remains considerable and cross-country empirical evidence suggests that enhancing competition is an important means of achieving this. Structural reforms to strengthen competition in the early 1990s did boost growth and were also ahead of similar developments in the EU. However, indicators suggest that relatively weak competition remains in a number of sectors. Moreover, potential competition is reduced by a sparse population and relative long distances to large markets, which together with the prevalence of local monopolies and public ownership in many network industries, point to the need for greater vigilance to sustain and promote competition. Further reforms to promote product market competition should focus on fundamental changes in the regulatory approach as well as more incremental measures to intensify competition. The competition authority should concentrate ...
Economics
Finland