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Product market regulation, knowledge frontier and efficiency
| Content Provider | Semantic Scholar |
|---|---|
| Author | Franco, Chiara Pieri, Fabio Venturini, Francesco |
| Copyright Year | 2012 |
| Abstract | This paper estimates efficiency in knowledge production across OECD industries by means of a Stochastic Frontier Approach (SFA), and investigates the role of upstream product market regulation (PMR). PMR is found to influence R&D efficiency not directly, but only with second-order effects, i.e. by interacting with the functioning of the technology, labour and the financial market. High levels of PMR are associated with poor efficiency performance where intellectual property protection is strong, whilst they are beneficial in the presence of scarcely regulated financial markets and stringent employment protection. In this sense, PMR appears to channel frictions arising from the regulation of other markets. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.siecon.org/online/wp-content/uploads/2012/08/Franco-Pieri-Venturini.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |