DO PRODUCT MARKET REGULATIONS IN UPSTREAM SECTORS CURB PRODUCTIVITY GROWTH? PANEL DATA EVIDENCE FOR OECD COUNTRIES

• 成果类型: Article
• 署名作者: Bourles, Renaud; Cette, Gilbert; Lopez, Jimmy; Mairesse, Jacques; Nicoletti, Giuseppe
• 署名单位: Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Universite Bourgogne Europe; Institut Polytechnique de Paris; ENSAE Paris; Maastricht University; National Bureau of Economic Research
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00338
• 发表日期: 2013-12
• 页码: 1750-1768
• 关键词: research-and-development; INNOVATION; COMPETITION; INVESTMENT; POLICY; entry; TRADE

摘要

We identify the impact of intermediate goods markets imperfections on productivity downstream. Our empirical specification is based on a model of multifactor productivity (MFP) growth in which the effects of upstream competition can vary with distance to frontier. This model is estimated on a panel of fifteen OECD countries and twenty industries over 1985 to 2007. Competitive pressures are proxied with industry product market regulation data. We find evidence that anticompetitive upstream regulations have significantly curbed MFP growth over the past fifteen years, and more strongly so for observations that are close to the productivity frontier.