Product Market Competition and Economic Performance in Hungary [E-Book] / Carl Gjersem, Philip Hemmings and Andreas Reindl
Gjersem, Carl.
Hemmings, Philip. / Reindl, Andreas.
Paris : OECD Publishing, 2004
43 p. ; 21 x 29.7cm.
englisch
10.1787/222142524253
OECD Economics Department Working Papers ; 381
Economics
Hungary
Full Text
The establishment of competitive markets has been one of the cornerstones Hungarian economic policy over the past decade, alongside a successful strategy of attracting foreign investment. Broad statistical measures show no signs of endemically weak domestic competition, though the country’s relatively low productivity among domestic business likely signals some sheltering from international competition. The generally healthy level of competition is partly because competition legislation and its enforcement are of a good standard. Nevertheless, room for improvement is suggested in a number of areas. In particular, it is argued that individuals should be able to initiate legal actions directly, i.e. without having to proceed via the competition authority. And, it is suggested that sanctions against individuals in hard-core cartel cases are introduced. In examining specific sectors, this paper is critical of the pace of progress towards competition in the network industries. The rail ...