Franco, Chiara; Pieri, Fabio; Venturini, Francesco - Departament d'Estructura Econòmica, Facultad de Economía - 2013
We study the role of upstream product market regulation (PMR) on innovation efficiency. By estimating a knowledge production function for a large sample of OECD industries through a stochastic frontier analysis, we find that service regulation remarkably reduces R&D efficiency in the...