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- W3122156597 abstract "Normal.dotm 0 0 1 145 828 Max-Planck-Institut zur Erforschung von Gemeinschafts 6 1 1016 12.0 0 false 21 18 pt 18 pt 0 0 false false false There is a considerable debate in the legal literature about the purpose of antitrust institutions. Some argue that antitrust law solely serves the purpose of economic growth, while others have a broader perspective on the function of antitrust, maintaining that the prevention of economic concentration is an important means to promote democratization and democratic stability. This contribution seeks to test the empirical assumptions of this normative debate. Using panel data of 154 states from 1960 to 2007, it analyzes whether antitrust law actually has a positive effect on democracy and economic growth. The paper finds that antitrust law has a strongly positive effect on the level of GDP per capita and economic growth. However, there is no significant positive effect on the level of democracy. It is suggested that these results might be due to the current structure of existing antitrust laws, which are rather designed to promote economic efficiency than to prevent economic concentration." @default.
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- W3122156597 date "2013-05-14" @default.
- W3122156597 modified "2023-10-16" @default.
- W3122156597 title "ANTITRUST LAW AND THE PROMOTION OF DEMOCRACY AND ECONOMIC GROWTH" @default.
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- W3122156597 doi "https://doi.org/10.1093/joclec/nht003" @default.
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