Product market reform and innovation in the EU
By Rachel Griffith, Helen Simpson, Rupert Harrison. 2006
202 citations recorded by the source corpus.
European Union countries have implemented widespread reforms to productmarkets in order to stimulate competition, innovation and economic growth. We provideempirical evidence that the reforms carried out under the EU Single Market Programme(SMP) were associated with increased product market competition, as measured by areduction in average profitability, and with a subsequent increase in innovation intensityand productivity growth for manufacturing sectors. In our analysis we exploit exogenousvariation in the expected impact of the SMP across countries and industries to identify theeffects of reforms on average profitability, and the effects of profitability on innovationand productivity growth. European Union countries have implemented widespread reforms to productmarkets in order to stimulate competition, innovation and economic growth. We provideempirical evidence that the reforms carried out under the EU Single Market Programme(SMP) were associated with increased product market competition, as measured by areduction in average profitability, and with a subsequent increase in innovation intensityand productivity growth for manufacturing sectors. In our analysis we exploit exogenousvariation in the expected impact of the SMP across countries and industries to identify theeffects of reforms on average profitability, and the effects of profitability on innovationand productivity growth.
Subfields: Economics and Econometrics, Political Science and International Relations
View Paper: https://www.semanticscholar.org/paper/7999c5c328deef030c8175ebce30eec8f39967b5
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
In Political Science and International Relations
Citations in the corpus
- Innovation across Europe: how important are institutional differences? (2011, background): “effect of the increase in competition on high-tech industries ( Griffith et al., 2006 ) and”
- Patent rights, product market reforms, and innovation (2015, unknown): “To construct it, we follow Griffith et al. (2010) in using employment shares, including those that are reported in Buigues et al. (1990), for weighting purposes.”
- The Central and Eastern European model of capitalism (2011, background): “In other words, the Single Market programme is successful (Griffith et al. 2006).”
- Market Services Productivity Across Europe and the US (2007, unknown): “Koeniger and Leonardi (2007), Nicoletti and Scarpetta (2003), Griffith et al. (2004), Vandenbussche et al. (2006) and Jorgenson, Ho and Stiroh (2007).”