Product Market Policies in Romania : A Comparison with EU Partners
Romania's European Union accession in 2007 has resulted in a substantial reduction of the formal barriers to integration with the European Union Single Market. This study takes stock of the progress by benchmarking product market policies in R...
| Main Authors: | , , , , |
|---|---|
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/11/18502306/product-market-policies-romania-comparison-eu-partners http://hdl.handle.net/10986/16916 |
| Summary: | Romania's European Union accession
in 2007 has resulted in a substantial reduction of the
formal barriers to integration with the European Union
Single Market. This study takes stock of the progress by
benchmarking product market policies in Romania to those of
European Union countries, as measured by the OECD indicators
of Product Market Regulation. These indicators allow for a
comprehensive mapping of policies affecting competition in
product markets. Comparison with European Union countries
reveals that, for half of the policy areas covered by the
study, Romania's product market policies are more
restrictive of competition than most direct comparators in
the region, whereas for other indicators Romania is on a par
with the European Union average or has achieved best
practice. Nonetheless, these results should be interpreted
in light of the fact that the Product Market Regulation
approach measures officially adopted policies and does not
capture implementation. Future reforms should be directed
both at improving official regulation and, where policies
that favor competition are already in place, toward
effective enforcement. |
|---|