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EnglishWe study the role of upstream product market regulation (PMR) in innovation efficiency. By estimating a knowledge production function on OECD industries through a stochastic frontier analysis, we find that service regulation reduces R&D efficiency in the manufacturing sector. These results are robust to controlling for the institutional setting of the technology, the labour and the financial market, and to various forms of heterogeneity. The marginal impact of PMR is higher in less regulated economies indicating that large improvements in R&D efficiency cannot be obtained at the earlier stages of deregulation. Potential efficiency gains for late reformers are however sizeable.
Product market regulation and innovation efficiency / Franco, Chiara; Pieri, Fabio; Venturini, Francesco. - In: JOURNAL OF PRODUCTIVITY ANALYSIS. - ISSN 0895-562X. - 2016, vol 45:issue 3(2016), pp. 229-315.
| Titolo: | Product market regulation and innovation efficiency | |
| Autori: | Franco, Chiara; Pieri, Fabio; Venturini, Francesco | |
| Autori Unitn: | ||
| Titolo del periodico: | JOURNAL OF PRODUCTIVITY ANALYSIS | |
| Anno di pubblicazione: | 2016 | |
| Numero e parte del fascicolo: | issue 3 | |
| Codice identificativo Scopus: | 2-s2.0-84925236463 | |
| Codice identificativo WOS: | WOS:000374961100005 | |
| Digital Object Identifier (DOI): | http://dx.doi.org/10.1007/s11123-015-0441-3 | |
| Handle: | http://hdl.handle.net/11572/128804 | |
| Citazione: | Product market regulation and innovation efficiency / Franco, Chiara; Pieri, Fabio; Venturini, Francesco. - In: JOURNAL OF PRODUCTIVITY ANALYSIS. - ISSN 0895-562X. - 2016, vol 45:issue 3(2016), pp. 229-315. | |
| Appare nelle tipologie: | 03.1 Articolo su rivista (Journal article) |
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|---|---|---|---|---|
| FPV_issue_2016.pdf | Versione editoriale (Publisher’s layout) | Tutti i diritti riservati (All rights reserved) | Administrator |
http://hdl.handle.net/11572/128804
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