Reference : Market Regulation and Innovation: Direct and Indirect Effects
Scientific journals : Article
Business & economic sciences : Strategy & innovation
Market Regulation and Innovation: Direct and Indirect Effects
Quignon, Aurelien mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Economics and Management (DEM) >]
Journal of Industry, Competition and Trade
Springer Nature
[en] Competition ; Regulation ; Innovation
[en] The effects of competition regulations on innovation are, in theory, ambiguous. Using a panel of twenty-five OECD countries over 1995–2015, we estimated how domestic and foreign competition affects innovation. Reducing regulation intensifies domestic and foreign competition, increasing R&D expenditure and patenting. Accounting for interaction between these two sources of product market competition, we find that domestic regulation directly led to growing R&D expenditure and patent production, whereas competition from foreign regulation influences innovation toward its effect on domestic competition.

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