Product Market Regulation in Bulgaria : 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 Bulgaria 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 Bulgaria has made substantial progress towards less restrictive product market policies but also emphasizes a number of areas where further reform is needed. These include adoption of a regulatory process based on incentive-based rather than command-and-control approach, reduction of state interference in the decision of state-owned enterprises, further streamlining of business licensing procedures, and improvement in the communication of rules and procedures to affected parties.

Bibliographic Details

Main Authors:	Fay, Marianne, De Rosa, Donato, Ilieva, Stella
Format:	Policy Research Working Paper biblioteca
Language:	English
Published:	World Bank, Washington, DC 2007-11
Subjects:	ADMINISTRATIVE BURDEN, ADMINISTRATIVE BURDENS, ADMINISTRATIVE POLICIES, ADMINISTRATIVE PROCESS, ADMINISTRATIVE REGULATION, AIR, AIR FARES, AIR TRANSPORT, AIR TRAVEL, ALTERNATIVES TO REGULATION, BARRIER, BARRIERS TO COMPETITION, BARRIERS TO ENTRY, BEST PRACTICE, BEST PRACTICES, BUSINESS ACTIVITY, BUSINESS ASSOCIATIONS, BUSINESS ENVIRONMENT, BUSINESS INFORMATION, BUSINESS OPERATION, BUSINESS OPERATIONS, BUSINESS REGISTRATION, BUSINESS SECTOR, BUSINESS SECTORS, BUSINESSES, CARRIERS, CODES OF PRACTICE, COMMERCIAL ACTIVITY, COMMON MARKET, COMMUNICATION STRATEGY, COMPETITION POLICY, COMPETITIVE ACTIVITIES, COMPETITIVENESS, COMPETITORS, COMPLIANCE STRATEGIES, CONSULTATIONS, CONSUMER PROTECTION, CONTACT POINTS, CONTROL REGULATION, CONTROL REGULATIONS, CORPORATE PERFORMANCE, CURRENCY, CURRENCY BOARD, DATA AVAILABILITY, DOMAIN, DOMAINS, DRAFT LEGISLATION, DRIVING, ECONOMIC ACTIVITIES, ECONOMIC ACTIVITY, ECONOMIC EFFICIENCY, ECONOMIC INSTRUMENTS, ECONOMIC PERFORMANCE, ELECTRICITY, ENFORCEMENT OF REGULATIONS, ENTERPRISE SECTOR, ENVIRONMENTAL MANAGEMENT, EQUIPMENT, FARES, FINANCIAL INSTITUTIONS, FINANCIAL SECTOR, FISCAL CONSOLIDATION, FISCAL DEFICIT, FOREIGN DIRECT INVESTMENT, FOREIGN FIRMS, FOREIGN INVESTMENT, FOREIGN INVESTMENTS, FOREIGN INVESTOR, FOREIGN INVESTORS, FOREIGN OWNERSHIP, FOREIGN TRADE, FREE TRADE, FREIGHT, FREIGHT SECTOR, FREIGHT SERVICES, FREIGHT TRANSPORT, GASOLINE, GLOBAL MARKETS, GOVERNMENT AGENCIES, GOVERNMENT AUTHORITY, GOVERNMENT OFFICIALS, GOVERNMENT POLICY, GOVERNMENT REGULATIONS, ICT, INCOME, INFLATION, INFORMATION TECHNOLOGY, INNOVATION, INSTITUTION, INSTITUTIONAL FRAMEWORK, INSURANCE, INTERNATIONAL AGREEMENTS, INTERNATIONAL HARMONIZATION, INTERNATIONAL REGULATION, INTERNATIONAL TRADE, INVENTORY, INVESTMENT BARRIERS, LAN, LAND TRANSPORT, LEGISLATION, LIBERALIZATION, LICENSE, LICENSES, MACROECONOMIC STABILITY, MANUFACTURING, MARKET ACCESS, MARKET INCENTIVES, MARKET REGULATION, MARKET REGULATIONS, MARKET STRUCTURE, MIDDLE-INCOME COUNTRIES, MINISTERS, MINISTRY OF TRANSPORT, MOBILE SERVICE, MOBILE SERVICES, MONOPOLY, MOTION PICTURE, MOTOR VEHICLES, NEW TECHNOLOGY, ONE-STOP SHOPS, PASSENGER TRANSPORT, PETROLEUM PRODUCTS, POLICY GOALS, POLICY INSTRUMENTS, POLITICAL ECONOMY, PRICE CONTROL, PRICE CONTROLS, PRICE LIBERALIZATION, PRICE REGULATION, PRIVATE MARKET, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PRODUCT MARKET, PRODUCT MARKETS, PRODUCTIVITY, PROFESSIONAL BODIES, PROVINCIAL GOVERNMENT, PUBLIC ADMINISTRATION, PUBLIC DEBT, PUBLIC ENTERPRISE, PUBLIC INTEREST, PUBLIC OWNERSHIP, PUBLIC SAFETY, PUBLIC SECTOR, RAILROAD, RAILWAY, RAILWAYS, REGISTRY, REGULATORS, REGULATORY AGENCY, 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 REGIME, REGULATORY REGIMES, REGULATORY REQUIREMENTS, RESULT, RESULTS, RETAIL, RETAIL PRICES, ROAD, ROAD INFRASTRUCTURE, ROAD TRANSPORT, ROUTES, SAFETY, SAFETY REQUIREMENTS, SAFETY STANDARDS, SALE, SALES, SELF-REGULATION, SINGLE MARKET, STARTUPS, SUPERVISION, SURPLUSES, TAXPAYER, TAXPAYERS, TECHNICAL STANDARDS, TELECOMMUNICATION, TELECOMMUNICATIONS, TRADABLE PERMITS, TRANSITION COUNTRIES, TRANSMISSION, TRANSPORT INFRASTRUCTURE, TRANSPORTATION, TYPE OF REGULATION, UNIVERSAL SERVICE, USES, VOLUNTARY ARRANGEMENT, VOLUNTARY CODES, WEB, WHOLESALE TRADE, WORLD TRADE,
Online Access:	http://documents.worldbank.org/curated/en/2007/11/8682245/product-market-regulation-bulgaria-comparison-oecd-countries http://hdl.handle.net/10986/7600
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