Market Regulation and Innovation: Direct and Indirect Effects

Aurelien Quignon ()
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Aurelien Quignon: University of Luxembourg

Journal of Industry, Competition and Trade, 2022, vol. 22, issue 3, No 5, 429-456

Abstract: Abstract The effects of competition regulations on innovation are, in theory, ambiguous. Using a panel of twenty-five OECD countries over 1995–2015, we estimated how domestic and foreign competition affects innovation. Reducing regulation intensifies domestic and foreign competition, increasing R&D expenditure and patenting. Accounting for interaction between these two sources of product market competition, we find that domestic regulation directly led to growing R&D expenditure and patent production, whereas competition from foreign regulation influences innovation toward its effect on domestic competition.

Keywords: Competition; Regulation; Innovation; OECD countries (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s10842-022-00390-y

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