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Published byHenry Norman Modified over 8 years ago
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COMPLETING THE TRANSITION TO A COMPETITIVE DOMESTIC ECONOMY OECD Economic Survey of the Czech Republic 2014
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Income convergence must rely on a stronger service sector The Czech private service sector is among the smallest 2
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Advantages of a stronger service sector Lower prices of service inputs – Boost competitiveness More innovative services – Boost job creation and wages Exploit domestic resources of growth – Requires human capital accumulation 3
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Competition is inhibited by : Red tape – Gold plating and entry barriers for professional services Public ownership Uneven application of competition policy – Little success in uncovering hard-core cartels Weak regulation of network sectors 4
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Despite progress, there are still barriers to entrepreneurship 5
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Czech Republic has the highest number of regulated professions in the EU 6
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Corruption is another entry barrier 7
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Competition friendly measures Reduce legal delays for contract enforcement Lower barriers to entry in (professional) services Improve regulatory impact assessments Control SOEs within a single authority with professional corporate governance Privatise and divest business-related state- owned enterprises and activities 8
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The competition authority initiates relatively few cases and often in public tender bid rigging 9
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Reinforce competition law enforcement Secure a well-functioning leniency programme Improve the scope for private litigation Increase sanctions for bid-rigging in public procurement Use sector inquiries Remove the food retailing regulation from the competition policy framework 10
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Network prices are relatively high: in the mobile phone area as well as in…. 11
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High pre-tax industry electricity prices compensate households (unlike DNK and NLD) and are compensated by the public purse 12
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More competition in network sectors Better co-ordination between the competition authority and sector regulators Effective independence of all network regulators Effective ownership unbundling or holding structures with financial separation of all activities Secure cost-based access for MVNOs, and remove barriers for becoming Full MVNOs 13
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Thank you Děkuji 14
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