The impact of regulation on innovation

Philippe Aghion

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: It is widely feared that private sector innovation is constrained by 'red tape'. Philippe Aghion and colleagues test that view on data from France, where firms of more than 50 employees face far heavier regulatory obligations. The results suggest that regulations do hamper innovation - but the negative effects are only for incremental innovations, not radical innovations.

Keywords: innovation; policy; France; regulation; growth (search for similar items in EconPapers)
Date: 2021-06-15
New Economics Papers: this item is included in nep-ino, nep-pke and nep-sbm
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Citations: View citations in EconPapers (36)

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