Factors Accounting for the Enactment of a Competition Law - an Empirical Analysis
This work is concerned with the factors accounting for decisions to enact a national competition law. We first update and enlarge existing data bases of countries that have enacted a competition law. We then identify and discuss the factors that may influence the decision to enact a competition law. Panel-data logit analysis is then used to test a set of hypotheses relating to the factors involved across time and across countries. The results are interpreted in terms of significance and the sign of their influence on the probability that a country enacts. The results shed light on the probability of individual countries, particularly developing countries, taking the step of enactment.
