belief in the innovation-boosting effect of product market deregulation such as taken into account in the Lisbon Strategy. …

This article contributes to the literature on competition and innovation. It tests the impact of market regulation on … innovation conditional to the closeness to the technological frontier with a panel of 15 industries for 17 OECD countries over … intensity with the proximity to the frontier. A simple model of innovation and growth shows that one should not necessarily …