Title: Does EU competition policy support inclusive growth?
Authors: DIERX ADRIAANILKOVITZ FABIENNEPATARACCHIA BEATRICERATTO MARCOTHUM-THYSEN ANNAVARGA JANOS
Citation: JOURNAL OF COMPETITION LAW & ECONOMICS vol. 13 no. 2 p. 225-260
Publisher: OXFORD UNIV PRESS
Publication Year: 2017
JRC N°: JRC97944
ISSN: 1744-6414
URI: https://academic.oup.com/jcle/article-lookup/doi/10.1093/joclec/nhx015
http://publications.jrc.ec.europa.eu/repository/handle/JRC97944
DOI: 10.1093/joclec/nhx015
Type: Articles in periodicals and books
Abstract: This article proposes a novel methodology to strengthen the micro-foundations of a macroeconomic assessment of EU competition policy. A unique database containing case-specific information on merger and cartel decisions is exploited to conduct macroeconomic policy simulations using a Dynamic Stochastic General Equilibrium model. The model has been extended to allow investigating the effects of EU competition policy interventions not only on standard macroeconomic variables such as GDP and employment, but also on distributional outcomes across households with different skill levels and across different types of income earners (capital owners, wage earners, and benefit recipients). The policy simulations presented include both direct and indirect (deterrent) effects of competition policy interventions. They show that competition policy has a sizeable impact on GDP growth, job creation, and the distribution of consumption across different types of households.
JRC Directorate:Growth and Innovation

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