Product Market Regulation in Bulgaria : A Comparison with OECD Countries

Less restrictive product market policies are crucial in promoting convergence to higher levels of GDP per capita. This paper benchmarks product market policies in Bulgaria to those of OECD countries by estimating OECD indicators of Product Market R...

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Bibliographic Details
Main Authors:	Fay, Marianne, De Rosa, Donato, Ilieva, Stella
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADMINISTRATIVE BURDEN ADMINISTRATIVE BURDENS ADMINISTRATIVE POLICIES ADMINISTRATIVE PROCESS ADMINISTRATIVE REGULATION AIR AIR FARES AIR TRANSPORT AIR TRAVEL ALTERNATIVES TO REGULATION BARRIER BARRIERS TO COMPETITION BARRIERS TO ENTRY BEST PRACTICE BEST PRACTICES BUSINESS ACTIVITY BUSINESS ASSOCIATIONS BUSINESS ENVIRONMENT BUSINESS INFORMATION BUSINESS OPERATION BUSINESS OPERATIONS BUSINESS REGISTRATION BUSINESS SECTOR BUSINESS SECTORS BUSINESSES CARRIERS CODES OF PRACTICE COMMERCIAL ACTIVITY COMMON MARKET COMMUNICATION STRATEGY COMPETITION POLICY COMPETITIVE ACTIVITIES COMPETITIVENESS COMPETITORS COMPLIANCE STRATEGIES CONSULTATIONS CONSUMER PROTECTION CONTACT POINTS CONTROL REGULATION CONTROL REGULATIONS CORPORATE PERFORMANCE CURRENCY CURRENCY BOARD DATA AVAILABILITY DOMAIN DOMAINS DRAFT LEGISLATION DRIVING ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC EFFICIENCY ECONOMIC INSTRUMENTS ECONOMIC PERFORMANCE ELECTRICITY ENFORCEMENT OF REGULATIONS ENTERPRISE SECTOR ENVIRONMENTAL MANAGEMENT EQUIPMENT FARES FINANCIAL INSTITUTIONS FINANCIAL SECTOR FISCAL CONSOLIDATION FISCAL DEFICIT FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTOR FOREIGN INVESTORS FOREIGN OWNERSHIP FOREIGN TRADE FREE TRADE FREIGHT FREIGHT SECTOR FREIGHT SERVICES FREIGHT TRANSPORT GASOLINE GLOBAL MARKETS GOVERNMENT AGENCIES GOVERNMENT AUTHORITY GOVERNMENT OFFICIALS GOVERNMENT POLICY GOVERNMENT REGULATIONS ICT INCOME INFLATION INFORMATION TECHNOLOGY INNOVATION INSTITUTION INSTITUTIONAL FRAMEWORK INSURANCE INTERNATIONAL AGREEMENTS INTERNATIONAL HARMONIZATION INTERNATIONAL REGULATION INTERNATIONAL TRADE INVENTORY INVESTMENT BARRIERS LAN LAND TRANSPORT LEGISLATION LIBERALIZATION LICENSE LICENSES MACROECONOMIC STABILITY MANUFACTURING MARKET ACCESS MARKET INCENTIVES MARKET REGULATION MARKET REGULATIONS MARKET STRUCTURE MIDDLE-INCOME COUNTRIES MINISTERS MINISTRY OF TRANSPORT MOBILE SERVICE MOBILE SERVICES MONOPOLY MOTION PICTURE MOTOR VEHICLES NEW TECHNOLOGY ONE-STOP SHOPS PASSENGER TRANSPORT PETROLEUM PRODUCTS POLICY GOALS POLICY INSTRUMENTS POLITICAL ECONOMY PRICE CONTROL PRICE CONTROLS PRICE LIBERALIZATION PRICE REGULATION PRIVATE MARKET PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRODUCT MARKET PRODUCT MARKETS PRODUCTIVITY PROFESSIONAL BODIES PROVINCIAL GOVERNMENT PUBLIC ADMINISTRATION PUBLIC DEBT PUBLIC ENTERPRISE PUBLIC INTEREST PUBLIC OWNERSHIP PUBLIC SAFETY PUBLIC SECTOR RAILROAD RAILWAY RAILWAYS REGISTRY REGULATORS REGULATORY AGENCY REGULATORY APPROACHES REGULATORY AREAS REGULATORY AUTHORITIES REGULATORY BODIES REGULATORY CONTROLS REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY GOALS REGULATORY IMPACT REGULATORY IMPACT ASSESSMENT REGULATORY MEASURES REGULATORY POLICIES REGULATORY POLICY REGULATORY PRACTICES REGULATORY PROCESS REGULATORY PROVISIONS REGULATORY REGIME REGULATORY REGIMES REGULATORY REQUIREMENTS RESULT RESULTS RETAIL RETAIL PRICES ROAD ROAD INFRASTRUCTURE ROAD TRANSPORT ROUTES SAFETY SAFETY REQUIREMENTS SAFETY STANDARDS SALE SALES SELF-REGULATION SINGLE MARKET STARTUPS SUPERVISION SURPLUSES TAXPAYER TAXPAYERS TECHNICAL STANDARDS TELECOMMUNICATION TELECOMMUNICATIONS TRADABLE PERMITS TRANSITION COUNTRIES TRANSMISSION TRANSPORT INFRASTRUCTURE TRANSPORTATION TYPE OF REGULATION UNIVERSAL SERVICE USES VOLUNTARY ARRANGEMENT VOLUNTARY CODES WEB WHOLESALE TRADE WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/2007/11/8682245/product-market-regulation-bulgaria-comparison-oecd-countries http://hdl.handle.net/10986/7600

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Summary:	Less restrictive product market policies are crucial in promoting convergence to higher levels of GDP per capita. This paper benchmarks product market policies in Bulgaria to those of OECD countries by estimating OECD indicators of Product Market Regulation (PMR). The PMR indicators allow a comprehensive mapping of policies affecting competition in product markets. Comparison with OECD countries reveals that Bulgaria has made substantial progress towards less restrictive product market policies but also emphasizes a number of areas where further reform is needed. These include adoption of a regulatory process based on incentive-based rather than command-and-control approach, reduction of state interference in the decision of state-owned enterprises, further streamlining of business licensing procedures, and improvement in the communication of rules and procedures to affected parties.

Product Market Regulation in Bulgaria : A Comparison with OECD Countries

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