UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

Product market reform and innovation in the EU

Griffith, R; Harrison, R; Simpson, H; (2006) Product market reform and innovation in the EU. The Institute for Fiscal Studies, UCL (University College London), The Institute for Fiscal Studies Green open access

[img]
Preview
PDF
2660.pdf

Download (169kB)

Abstract

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.

Type: Report
Title: Product market reform and innovation in the EU
Open access status: An open access version is available from UCL Discovery
Additional information: Imported via OAI, 7:29:01 3rd Mar 2007; Imported via OAI, 7:29:01 16th May 2007
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/2660
Downloads since deposit
860Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item