Product Market Regulation in Romania : A Comparison with OECD Countries

Less restrictive product market policies are crucial in promoting convergence to higher levels of GDP per capita. This paper benchmarks product market policies in Romania to those of OECD countries by estimating OECD indicators of Product Market Regulation (PMR). The PMR indicators allow a comprehensive mapping of policies affecting competition in product markets. Comparison with OECD countries reveals that Romania's product market policies are less restrictive of competition than most direct comparators from the region and not far from the OECD average. Nonetheless, this achievement should be interpreted in light of the fact that PMR approach measures officially adopted policies. It does not capture implementation and enforcement, the area where future reform efforts should be directed if less restrictive policies are to have an effective impact on long-term growth prospects.

Bibliographic Details

Main Authors:	De Rosa, Donato, Fay, Marianne, Pauna, Catalin
Language:	English
Published:	World Bank, Washington, DC 2007-11
Subjects:	ACTION PLAN, ACTION PLANS, ADMINISTRATIVE BURDEN, ADMINISTRATIVE BURDENS, ADMINISTRATIVE POLICIES, ADMINISTRATIVE REGULATION, AIR, AIR FARES, AIR TRANSPORT, AIR TRAVEL, ALTERNATIVES TO REGULATION, BARRIERS TO COMPETITION, BARRIERS TO ENTRY, BEST PRACTICE, BUSINESS ACTIVITY, BUSINESS ASSOCIATION, BUSINESS ASSOCIATIONS, BUSINESS CLIMATE, BUSINESS ENTRY, BUSINESS ENVIRONMENT, BUSINESS OPERATION, BUSINESS OPERATIONS, BUSINESS SECTORS, BUSINESSES, CARRIERS, CERTIFICATE, CODES OF PRACTICE, COMMERCE, COMMON MARKET, COMMUNICATION STRATEGIES, COMMUNICATION STRATEGY, COMPETITION POLICY, COMPETITIVE ACTIVITIES, COMPETITIVE PRESSURES, COMPETITIVENESS, COMPETITORS, COMPLIANCE STRATEGIES, CONSUMER PROTECTION, CONTACT POINTS, CONTROL REGULATION, CORPORATE PERFORMANCE, DEMOGRAPHIC, DOMAIN, DOMAINS, DOMESTIC INVESTORS, DOMESTIC MARKET, DRIVERS, DRIVING, E-GOVERNMENT, ECONOMIC ACTIVITY, ECONOMIC EFFICIENCY, ECONOMIC INSTRUMENTS, ECONOMIC PERFORMANCE, ELECTRICITY, ENFORCEMENT OF REGULATIONS, ENTERPRISE SECTOR, ENVIRONMENTAL MANAGEMENT, EQUIPMENT, EXPENDITURES, FARES, FINANCIAL INSTITUTIONS, FINANCIAL SECTOR, FISCAL CONSOLIDATION, FOREIGN DIRECT INVESTMENT, FOREIGN FIRMS, FOREIGN INVESTOR, FOREIGN INVESTORS, FOREIGN OWNERSHIP, FOREIGN TRADE, FREE TRADE, FREIGHT, FREIGHT SERVICES, FREIGHT TRANSPORT, GASOLINE, GLOBAL MARKETS, GOVERNMENT AGENCIES, GOVERNMENT BUDGET, GOVERNMENT REGULATIONS, GOVERNMENT SITE, ICT, IMPLEMENTING AGENCIES, INCOME, INCOMES, INFLATION, INFLATIONARY PRESSURES, INNOVATION, INSTITUTION, INSTITUTIONAL FRAMEWORK, INSURANCE, INTERFACE, INTERNATIONAL AGREEMENTS, INTERNATIONAL HARMONIZATION, INTERNATIONAL TRADE, INVENTORY, INVESTMENT BARRIERS, JOB CREATION, LAND TRANSPORT, LEGAL CONSTRAINTS, LEGAL FRAMEWORK, LEGISLATION, LIBERALIZATION, LICENSES, LIMITED LIABILITY COMPANY, MACROECONOMIC STABILITY, MANUFACTURING, MARKET ACCESS, MARKET INCENTIVES, MARKET LIBERALIZATION, MARKET REGULATION, MARKET REGULATIONS, MARKET STRUCTURE, MEANS OF COMMUNICATION, MINISTER, MINISTRY OF TRANSPORTATION, MOBILE SERVICE, MOBILE SERVICES, MONOPOLY, MOTION PICTURE, MOTOR VEHICLES, NEW TECHNOLOGY, ONE-STOP SHOP, ONE-STOP SHOPS, PASSENGER TRANSPORT, PETROLEUM PRODUCTS, POLICY GOALS, POLICY IMPLICATION, POLICY INSTRUMENTS, POLITICAL ECONOMY, PORTFOLIO, PRICE COMPETITION, PRICE CONTROL, PRICE CONTROLS, PRICE LIBERALIZATION, PRICE REGULATION, PRIVATE MARKET, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PRIVATIZATIONS, PRODUCT MARKET, PRODUCT MARKETS, PRODUCTIVITY, PROFESSIONAL BODIES, PROVINCIAL GOVERNMENT, PUBLIC ADMINISTRATION, PUBLIC ENTERPRISE, PUBLIC FINANCE, PUBLIC INFORMATION, PUBLIC INTEREST, PUBLIC OWNERSHIP, PUBLIC SECTOR, RADIO, RAIL, RAILROAD, RAILWAY, RAILWAYS, REAL ESTATE, REGISTRY, REGULATORS, REGULATORY APPROACHES, REGULATORY AREAS, REGULATORY AUTHORITIES, REGULATORY BODIES, REGULATORY CONTROLS, REGULATORY ENVIRONMENT, REGULATORY FRAMEWORK, REGULATORY GOALS, REGULATORY IMPACT, REGULATORY IMPACT ASSESSMENT, REGULATORY MEASURES, REGULATORY POLICIES, REGULATORY POLICY, REGULATORY PRACTICES, REGULATORY PROCESS, REGULATORY PROVISIONS, REGULATORY REFORM, REGULATORY REQUIREMENTS, REGULATORY RESTRICTIONS, RESULT, RESULTS, RETAIL, RETAIL PRICES, ROAD, ROAD INFRASTRUCTURE, ROAD TRANSPORT, ROUTES, SAFETY, SALE, SELF-REGULATION, SENIOR MANAGEMENT, STARTUPS, TECHNICAL STANDARDS, TELECOMMUNICATION, TELECOMMUNICATIONS, TELEPHONE, TRADABLE PERMITS, TRADE RELATIONS, TRANSACTION, TRANSACTION COSTS, TRANSITION COUNTRIES, TRANSMISSION, TRANSPARENCY, TRANSPORT INFRASTRUCTURE, TRUE, TYPE OF REGULATION, UNIVERSAL SERVICE, URBANISM, USES, VOLUNTARY ARRANGEMENT, VOLUNTARY CODES, WEB, WHOLESALE TRADE, WORLD TRADE,
Online Access:	http://documents.worldbank.org/curated/en/2007/11/8698478/product-market-regulation-romania-comparison-oecd-countries https://hdl.handle.net/10986/7598
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