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Upstream product market regulations, ICT, R&D and productivity

Gilbert Cette, Jimmy Lopez () and Jacques Mairesse

Working papers from Banque de France

Abstract: Our study aims at assessing the actual importance of the two main channels usually contemplated in the literature through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in ICT. We thus precisely try to estimate what are the specific impacts of these two channels and their shares in total impact as against alternative channels of investments in other forms of intangible capital such as improvements in skills, management and organization. For this, we specify an extended production function relating productivity explicitly to R&D and ICT capital as well as to upstream regulations, and two factor demand functions relating R&D and ICT capital to upstream regulations. These relations are estimated on a panel of 14 OECD countries and 13 industries over the period 1987-2007. Our estimates confirm the results of previous similar studies finding that the impact of upstream regulations on total factor productivity can be sizeable, and they provide evidence that a good part of the total impact, though not a predominant one, goes through both investments in ICT and R&D, and particularly the latter.

Keywords: Productivity; Growth; Regulations; Competition; Catch-up; R&D; ICT (search for similar items in EconPapers)
JEL-codes: C23 L16 L5 O33 O43 O57 (search for similar items in EconPapers)
Pages: 60 pages
Date: 2013
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ict, nep-ind, nep-ino and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Related works:
Journal Article: Upstream Product Market Regulations, ICT, R&D and Productivity (2017) Downloads
Working Paper: Upstream Product Market Regulations, ICT, R&D and Productivity (2017)
Working Paper: Upstream Product Market Regulations, ICT, R&D and Productivity (2013) Downloads
Working Paper: Upstream Product Market Regulations, ICT, R&D and Productivity (2013) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:441

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