This report analyses the impact of product market reforms, in the form of the EU Single Market Pr... more This report analyses the impact of product market reforms, in the form of the EU Single Market Programme, on the extent of product market competition and the subsequent effects of competition on innovation activity and productivity growth.The report first summarises the main messages from the existing theoretical and empirical literature on the relationship between competition and innovation and uses this
European Union countries have implemented widespread reforms to product markets in order to stimu... more European Union countries have implemented widespread reforms to product markets in order to stimulate competition, innovation and economic growth. We provide empirical evidence that the reforms carried out under the EU Single Market Programme (SMP) were associated with increased product market competition, as measured by a reduction in average profitability, and with a subsequent increase in innovation intensity and productivity
We analyze the impact of product market competition on unemployment and wages, and how this depen... more We analyze the impact of product market competition on unemployment and wages, and how this depends on labour market institutions. We use differential changes in regulations across OECD countries over the 1980s and 1990s to identify the effects of competition. We find that increased product market competition reduces unemployment, and that it does so more in countries with labour market
The US innovation boom since 1990 has had major benefits for the UK economy. According to new res... more The US innovation boom since 1990 has had major benefits for the UK economy. According to new research by CEP's director John Van Reenen and colleagues, without the growth in US spending on research and development (R&D) in the 1990s, UK productivity would have been about 5% lower in 2000.
European Union countries have implemented widespread reforms to product markets in order to stimu... more European Union countries have implemented widespread reforms to product markets in order to stimulate competition, innovation and economic growth. We provide empirical evidence for manufacturing sectors that the reforms carried out under the EU Single Market Programme (SMP) were associated with increased product market competition, as measured by average profitability, and with a subsequent increase in innovation intensity and productivity
We are interested in evaluating the impact of restrictive planning regulation on entry into the U... more We are interested in evaluating the impact of restrictive planning regulation on entry into the UK grocery retail industry. We estimate a model similar to Bresnahan and Reiss (1991) where we allow for multiple store formats. We find that more restrictive planning regulation reduces the number of large format supermarkets in equilibrium. However, the impact is overstated if variation in
The aim of this paper is to examine the properties of dynamic count data models. We propose the u... more The aim of this paper is to examine the properties of dynamic count data models. We propose the use of a linear feedback model (LFM), based on the Integer Valued Autoregressive (INAR) class, for longitudinal data applications with weakly exogenous regressors. In these models the conditional mean is modelled linearly in the history of the process with a log-link in the exogenous variables. We explore the quasi-differencing GMM approach to eliminating unobserved heterogeneity. These ideas are illustrated using data ...
This report analyses the impact of product market reforms, in the form of the EU Single Market Pr... more This report analyses the impact of product market reforms, in the form of the EU Single Market Programme, on the extent of product market competition and the subsequent effects of competition on innovation activity and productivity growth.The report first summarises the main messages from the existing theoretical and empirical literature on the relationship between competition and innovation and uses this
European Union countries have implemented widespread reforms to product markets in order to stimu... more European Union countries have implemented widespread reforms to product markets in order to stimulate competition, innovation and economic growth. We provide empirical evidence that the reforms carried out under the EU Single Market Programme (SMP) were associated with increased product market competition, as measured by a reduction in average profitability, and with a subsequent increase in innovation intensity and productivity
We analyze the impact of product market competition on unemployment and wages, and how this depen... more We analyze the impact of product market competition on unemployment and wages, and how this depends on labour market institutions. We use differential changes in regulations across OECD countries over the 1980s and 1990s to identify the effects of competition. We find that increased product market competition reduces unemployment, and that it does so more in countries with labour market
The US innovation boom since 1990 has had major benefits for the UK economy. According to new res... more The US innovation boom since 1990 has had major benefits for the UK economy. According to new research by CEP's director John Van Reenen and colleagues, without the growth in US spending on research and development (R&D) in the 1990s, UK productivity would have been about 5% lower in 2000.
European Union countries have implemented widespread reforms to product markets in order to stimu... more European Union countries have implemented widespread reforms to product markets in order to stimulate competition, innovation and economic growth. We provide empirical evidence for manufacturing sectors that the reforms carried out under the EU Single Market Programme (SMP) were associated with increased product market competition, as measured by average profitability, and with a subsequent increase in innovation intensity and productivity
We are interested in evaluating the impact of restrictive planning regulation on entry into the U... more We are interested in evaluating the impact of restrictive planning regulation on entry into the UK grocery retail industry. We estimate a model similar to Bresnahan and Reiss (1991) where we allow for multiple store formats. We find that more restrictive planning regulation reduces the number of large format supermarkets in equilibrium. However, the impact is overstated if variation in
The aim of this paper is to examine the properties of dynamic count data models. We propose the u... more The aim of this paper is to examine the properties of dynamic count data models. We propose the use of a linear feedback model (LFM), based on the Integer Valued Autoregressive (INAR) class, for longitudinal data applications with weakly exogenous regressors. In these models the conditional mean is modelled linearly in the history of the process with a log-link in the exogenous variables. We explore the quasi-differencing GMM approach to eliminating unobserved heterogeneity. These ideas are illustrated using data ...
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