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

Our study investigates the importance of two main channels through which upstream anti-competitive sector regulations impact productivity growth: investments in R & D and in ICT, as opposed to alternative channels we cannot explicitly consider for lack of appropriate data such as improvements in...

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Published in:The Review of income and wealth 2017-02, Vol.63 (s1), p.S68
Main Authors: Cette, Gilbert, Lopez, Jimmy, Mairesse, Jacques
Format: Article
Language:English
Subjects:
International economic organizations
Management
Production
Productivity
Skills
Studies
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Lopez, Jimmy
Mairesse, Jacques
description Our study investigates the importance of two main channels through which upstream anti-competitive sector regulations impact productivity growth: investments in R & D and in ICT, as opposed to alternative channels we cannot explicitly consider for lack of appropriate data such as improvements in skills, management and organization. We specify a three equations model: an extended production function relating total factor productivity to both R & D and ICT capital, and to upstream regulations, and two factor demand functions relating R & D and ICT capital to upstream regulations. We estimate these relations on an unbalanced panel of 15 OECD countries and 13 industries over the period 1987-2007. We find that the total impact of upstream regulations on total factor productivity is sizeable, a large part of which is transmitted through investments in R & D and ICT, mainly the former.
doi_str_mv 10.1111/roiw.12252
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source International Bibliography of the Social Sciences (IBSS); Business Source Ultimate【Trial: -2024/12/31】【Remote access available】; EconLit with Full Text; Wiley-Blackwell Read & Publish Collection; PAIS Index
subjects International economic organizations
Management
Production
Productivity
Skills
Studies
title Upstream Product Market Regulations, ICT, R & D and Productivity
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