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

Abstract : 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.
Type de document :
Article dans une revue
Review of Income and Wealth, 2017, 63, pp.S68--S89. 〈10.1111/roiw.12252〉
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https://hal-amu.archives-ouvertes.fr/hal-01589997
Contributeur : Elisabeth Lhuillier <>
Soumis le : mardi 19 septembre 2017 - 11:59:06
Dernière modification le : mercredi 18 avril 2018 - 12:24:54

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Gilbert Cette, Jimmy Lopez, Jacques Mairesse. Upstream Product Market Regulations, ICT, R&D and Productivity. Review of Income and Wealth, 2017, 63, pp.S68--S89. 〈10.1111/roiw.12252〉. 〈hal-01589997〉

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