Exploring nonlinearities between product market regulation and innovation: a cross-country evidence

被引：0

作者：

Borri, Karine ^{[1
,2
]}

de Prince, Diogo ^{[3
,4
]}

Ribeiro, Ivan ^{[2
,5
]}

机构：

[1] Univ Sao Paulo, Dept Econ Adm & Sociol ESALQ USP, Ave Padua Dias 11, Piracicaba, SP, Brazil

[2] Univ Sao Paulo, Econ Order Study Ctr CEOE Unifesp, Piracicaba, Brazil

[3] Univ Fed Sao Paulo, Dept Econ, Osasco, Brazil

[4] Univ Fed Sao Paulo, Econ Order Study Ctr CEOE, Osasco, Brazil

[5] Univ Fed Sao Paulo, Dept Law & Publ Policy, Osasco, Brazil

来源：

APPLIED ECONOMICS LETTERS | 2025年

关键词：

Product market regulation; innovative efficiency; semiparametric model; innovation; credit market development;

D O I：

10.1080/13504851.2025.2463608

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the nonlinear relationship between product market regulation (PMR) and innovation using a semi-parametric approach within a cross-country panel dataset of 38 countries from 1988 to 2013. The findings reveal that PMR is negatively associated with patent activity and R&D investment but shows no relationship to innovative efficiency. Instead, credit market development emerges as associated with innovative efficiency. The results highlight the importance of balancing regulatory frameworks to create environments conducive to innovation, particularly in fostering patent activities and R&D investments. We find that the association between innovation proxies and regulation is stable over time. Also, we do not have a relationship between the downward trend in innovative efficiency and the intensity of regulation.

引用

页数：5

共 12 条

[1] Competition and innovation: An inverted-U relationship [J].