The Impact of Regulation on Technical Change

Gerald Granderson

Southern Economic Journal, 1999, vol. 65, issue 4, 807-822

Abstract: This paper examines the impact of regulation on a firm's choice of innovations and on the rate of technical change. Using a 1977‐1987 panel of 20 U.S. interstate natural gas pipeline companies, I find that regulation led firms to adopt a technology that augmented (i) noncapital more than capital and (ii) noncapital more than the technology the standard (unregulated) firm would have adopted. I also find that, while technical regress occurred over the sample period, regulation led to a small decline in the rate of technical change and a small increase in production cost on average.

Date: 1999
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https://doi.org/10.1002/j.2325-8012.1999.tb00201.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:soecon:v:65:y:1999:i:4:p:807-822

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