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ICT diffusion across US and EU industries: Does upstream regulation matter?

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  • Papaioannou, Sotiris K.

Abstract

We use parametric and semi-parametric econometric techniques to show that upstream regulation affects negatively Information and Communication Technology (ICT) investment. This influence becomes positive only at low levels of regulation. Overall, a nonlinear U shaped relationship arises between regulation and ICT.

Suggested Citation

  • Papaioannou, Sotiris K., 2017. "ICT diffusion across US and EU industries: Does upstream regulation matter?," Economics Letters, Elsevier, vol. 156(C), pages 102-105.
    • Handle: RePEc:eee:ecolet:v:156:y:2017:i:c:p:102-105
    DOI: 10.1016/j.econlet.2017.04.026
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    References listed on IDEAS

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    3. Renaud Bourlès & Gilbert Cette & Jimmy Lopez & Jacques Mairesse & Giuseppe Nicoletti, 2013. "Do Product Market Regulations In Upstream Sectors Curb Productivity Growth? Panel Data Evidence For OECD Countries," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1750-1768, December.
    4. Blundell, Richard & Bond, Stephen, 1998. "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
    5. Paul Conway & Giuseppe Nicoletti, 2006. "Product Market Regulation in the Non-Manufacturing Sectors of OECD Countries: Measurement and Highlights," OECD Economics Department Working Papers 530, OECD Publishing.
    6. Windmeijer, Frank, 2005. "A finite sample correction for the variance of linear efficient two-step GMM estimators," Journal of Econometrics, Elsevier, vol. 126(1), pages 25-51, May.
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    Citations

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    Cited by:

    1. Polemis, Michael & Tselekounis, Markos, 2019. "Does deregulation drive innovation intensity? Lessons learned from the OECD telecommunications sector," MPRA Paper 92770, University Library of Munich, Germany.
    2. Kyoung‐Soo Yoon & Jooyong Jun, 2019. "Liability And Antifraud Investment In Fintech Retail Payment Services," Contemporary Economic Policy, Western Economic Association International, vol. 37(1), pages 181-194, January.
    3. Michael Polemis, 2019. "Is the effect of corruption on entrepreneurial activity nonmonotonic? A semi-parametric panel data analysis," Economics Bulletin, AccessEcon, vol. 39(4), pages 2976-2989.
    4. Michael L. Polemis & Markos Tselekounis, 2021. "Threshold effects in the regulation-innovation nexus: evidence from the telecommunications industry," Journal of Regulatory Economics, Springer, vol. 60(1), pages 74-93, August.
    5. Igna, Ioana A. & Rincon-Aznar, Ana & Venturini, Francesco, 2019. "Upstream regulation, factor demand and productivity: Cross-industry differences in OECD countries, 1975–2007," Information Economics and Policy, Elsevier, vol. 49(C).

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    More about this item

    Keywords

    ICT; Upstream regulation; Nonlinearities;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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