dynamics. We investigate this reallocation in terms of employment gains and losses from innovation. New employment created by … product innovation may be offset by employment losses in related products, known as ‘cannibalisation’ or ‘business stealing …’ effects in the literature, by employment losses from process and organisational innovation and by general productivity …

-world applicability of results compared to previous analyses. We show that a combined merchant-regulatory regulation, which draws upon a …

. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …