Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71454
Authors: 
Griffith, Rachel
Harrison, Rupert
Simpson, Helen
Year of Publication: 
2006
Series/Report no.: 
IFS Working Papers, Institute for Fiscal Studies (IFS) 06/17
Abstract: 
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 growth for manufacturing sectors. In our analysis we exploit exogenous variation in the expected impact of the SMP across countries and industries to identify the effects of reforms on average profitability, and the effects of profitability on innovation and productivity growth. – Competition ; Innovation ; Productivity growth
JEL: 
L1
O31
O47
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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