Research Catalog
Product Market Competition and Economic Performance in Japan
- Title
- Product Market Competition and Economic Performance in Japan [electronic resource] / Jens Høj and Michael Wise
- Author
- Høj, Jens.
- Publication
- Paris : OECD Publishing, 2004.
Available Online
Details
- Additional Authors
- Wise, Michael.
- Description
- 51 p.; 21 x 29.7cm.
- Summary
- 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 ...
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.387
- Uniform Title
- OECD Economics Department Working Papers, no.387.
- Subject
- LCCN
- 10.1787/222508788602
- OCLC
- oecd-lib-003774
- Author
- Høj, Jens.
- Title
- Product Market Competition and Economic Performance in Japan [electronic resource] / Jens Høj and Michael Wise
- Imprint
- Paris : OECD Publishing, 2004.
- Series
- OECD Economics Department Working Papers, 1815-1973 ; no.387OECD Economics Department Working Papers, 1815-1973 ; no.387.
- Connect to:
- Indexed Term
- EconomicsJapan
- Added Author
- Wise, Michael.
- Other Standard Identifier
- 10.1787/222508788602 doi