Electricity (de)regulation and innovation

Marino, Marianna; Parrotta, Pierpaolo; Valletta, Giacomo

Document type :

Compte-rendu et recension critique d'ouvrage

DOI :

10.1016/j.respol.2018.11.005

Title :

Electricity (de)regulation and innovation

Author(s) :

Marino, Marianna [Auteur]
Parrotta, Pierpaolo [Auteur]
Université de Lausanne = University of Lausanne [UNIL]
Lille économie management - UMR 9221 [LEM]
Valletta, Giacomo [Auteur]

Journal title :

Research Policy

Pages :

748-758

Publisher :

Elsevier

Publication date :

2019-04

ISSN :

0048-7333

English keyword(s) :

Product market regulation Patents Innovation Electricity

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

In this paper we study the effect of deregulation on innovation in the electricity sector using a sample of 31 OECD countries. Exploiting sharp reductions in the level of product market regulation, explicitly linked to ...
Show more >In this paper we study the effect of deregulation on innovation in the electricity sector using a sample of 31 OECD countries. Exploiting sharp reductions in the level of product market regulation, explicitly linked to changes in the legal framework, we perform a difference-in-difference analysis by matching data retrieved from the OECD International Regulation, OECD Patent Grants, and UN World Development Indicators databases. Our main findings suggest that a decrease in regulation intensity, following a significant reform, has a negative impact on patents (granted by the European Patent Office). This impact appears to be mainly due to the degree of market contestability. Finally, we find evidence of an inverted U-shaped relationship between regulation and innovation. This may imply that the effect of deregulation on innovation depends on the strength of the deregulatory process.Show less >

Language :

Anglais

Popular science :

Non

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