Regulatory reform and competition policy

Programme for Effective Market Regulation (PEMR)

A competitive market environment that allows new firms to challenge incumbents, efficient firms to grow and inefficient ones to exit can help boost economic growth and living standards.

What is PEMR?  PEMR is an OECD initiative involving OECD member and non-member countries. The programme will formally begin in early 2019, building on existing OECD work on product market regulation (PMR) over the past years.

To do what? Provide evidence and advice on how to improve regulation, especially in markets for goods, services and housing. In particular, compile up-to-date, internationally comparable indicators of regulation and disseminate them for analytical purposes.

What is the objective? Reform and design regulations to achieve sustainable, resilient and inclusive growth in both OECD and non-member countries. 

Latest documents  |  Working Papers | Regulatory Reform

OECD Indicators of Product Market Regulation

Product market regulation can and should be done in a way that does not hamper competition and entry of firms.  Since 1998, the OECD has been developing Product Market Regulation (PMR) Indicators to to track regulation in product and services markets and reforms in this area.

 

>> Access the PMR Indicators

Going for Growth 2018

In 2017, the pace of reforms has remained similar to the relatively slow pace observed in the last two years and below the one observed in the direct aftermath of the crisis. Nevertheless, some bold actions have been taken – over one third of actions implemented in 2017 can be viewed as “major steps”.

>> Going for Growth 2018

Enhancing Economic Flexibility: What Is in It for Workers?

Reforms that boost growth by enhancing economic flexibility often meet strong opposition related to concerns that they may imply adverse consequences for categories of workers. This study investigates how making product or labour market regulation more flexible changes workers’ risks of moving out of employment and jobless people’s chances of becoming employed.

 

 

>> Enhancing Economic Flexibility webpage

1st IMF, OECD and World Bank Conference on Product Market Regulation, Competition and Inclusive Growth

In recent years, new policy questions have emerged, and old ones have gained more prominence, against the background of the slower pace of, and shrinking scope for, regulation reform in some countries, as well as structural changes in the economy in the digital age. The aim of the conference is to bring together policy makers and practitioners, international institutions and leading academics to shed light on these issues.

>> 1st Joint IMF-OECD-World Bank Conference on Structural Reforms