Product market regulation, innovation and productivity

Bruno Amable, Ivan Ledezma and Stéphane Robin ()
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Stéphane Robin: PRISM Sorbonne - Pôle de recherche interdisciplinaire en sciences du management - UP1 - Université Paris 1 Panthéon-Sorbonne

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Abstract: Several recent policy and academic contributions consider that liberalising product markets would foster innovation and growth. This paper analyses the innovation-productivity relationship at the industry-level for a sample of OECD manufacturing industries. We pay particular attention to the vertically-induced influence of product market regulation (PMR) of key input sectors of the economy on the innovative process of manufacturing and its consequences on productivity. We test for a differentiated effect of this type of PMR depending on whether countries are technological leaders or laggards in a given industry and for a given time period. Contrary to the most widespread policy claims, the innovation-boosting effects of liberalisation policies at the leading edge are systematically not supported by the data. These findings question the relevance of a research and innovation policy based on liberalisation.

Keywords: Product market regulation; innovation; productivity; growth; Réglementation des marchés de biens et service; productivité; croissance (search for similar items in EconPapers)
Date: 2014-03
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ind, nep-ino, nep-reg, nep-sbm and nep-tid
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00973947v1
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Citations: View citations in EconPapers (1)

Published in 2014

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Related works:
Journal Article: Product market regulation, innovation, and productivity (2016)
Working Paper: Product market regulation, innovation and productivity (2014)
Working Paper: Product market regulation, innovation and productivity (2014)
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