Competition and Productivity Growth in Latin America and the Caribbean - (Paperback)

About the Book

Competition is a core element of economic growth, but empirical evidence on how competition affects productivity in the Latin America and the Caribbean (LAC) region is limited. This study fills this gap with state-of-the-art empirical research, drawing on firm surveys in the formal sector and novel domestic competition enforcement datasets.

Book Synopsis

Competition is a core element of economic growth, but empirical evidence on how competition affects productivity is often limited. Competition and Productivity Growth in Latin America and the Caribbean presents new empirical research that shows how competition policy in the region has effectively boosted productivity growth and improved market outcomes. "A must-read if you are interested in understanding the relationship between competition law, competition enforcement, growth, and productivity in Latin America. A report rich with data, analysis, and recommendations that will guide policy makers in the region." -Antonio Capobianco Deputy Head of Competition Division, Organisation for Economic Co-operation and Development (OECD) "This is a very important work both for economists and competition law scholars, the latter of whom have long taken for granted that antitrust enforcement and increased competition contribute to economic growth. While there have been journal articles that explored this relationship, this is one of the first books to examine the issue deeply and systematically. I only wish that this volume had been published earlier, as it would have certainly benefited my own work on the subject tremendously." -Thomas Cheng Professor and Associate Dean, Faculty of Law, University of Hong Kong, and author of Competition Law in Developing Countries "It is critical to understand how competition and competition policy affect productivity growth, the key to economic development. This book makes big strides forward in understanding these connections. It takes advantage of novel antitrust enforcement and other legal data to build evidence-based insights into how competition policies can best encourage productivity growth. There is much to be learned inside." -Chad Syverson George C. Tiao Distinguished Service Professor of Economics, The University of Chicago Booth School of Business

About the Author

The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.