Upstream Product Market Regulations, ICT, R&D and Productivity

Gilbert Cette, Jimmy Lopez () and Jacques Mairesse

No 19488, NBER Working Papers from National Bureau of Economic Research, Inc

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 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 we cannot explicitly consider for lack of appropriate data 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 the basis of an unbalanced panel of 15 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.

JEL-codes: C23 L16 L5 O43 O47 (search for similar items in EconPapers)
Date: 2013-10
New Economics Papers: this item is included in nep-eff, nep-ict and nep-ino
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Citations: View citations in EconPapers (12)

Published as Kevin J. Fox & Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2017. "Upstream Product Market Regulations, ICT, R&D and Productivity," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63, pages 68-89, February.

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Related works:
Journal Article: Upstream Product Market Regulations, ICT, R&D and Productivity (2017)
Working Paper: Upstream Product Market Regulations, ICT, R&D and Productivity (2017)
Working Paper: Upstream product market regulations, ICT, R&D and productivity (2013)
Working Paper: Upstream Product Market Regulations, ICT, R&D and Productivity (2013)
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