Upstream Product Market Regulations, ICT, R&D and Productivity
研究了上游反竞争行业监管通过影响研发和信息通信技术投资进而降低全要素生产率的机制，基于15个OECD国家13个行业1987-2007年数据发现监管的负面影响主要通过研发投资传导。
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.