The interplay between innovation, standards and regulation in a globalising economy

Blind, Knut and Münch, Florian ORCID: 0000-0001-6019-5127 (2024) The interplay between innovation, standards and regulation in a globalising economy. Journal of Cleaner Production, 445. ISSN 0959-6526

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Abstract

To examine the different roles of regulation and standards in the age of globalisation, we hypothesize and investigate the relation of regulation and national and international standards on the one hand with innovation input (R&D expenditure) and innovation output (patents) on the other hand. The analysis is based on data of 26 high-income countries between 1998 and 2018. There are two main results. Firstly, international standards outperform both de-regulation and national standardisation as they are positively associated with R&D expenditure and patenting. On the other hand, national standards – once believed a source of competitiveness – are negatively related to patents and hence seem to localize economies and slow-down innovation. Secondly, de-regulation does not correlate positively with R&D expenditure, but with increased patenting. We argue the former suggest businesses did not – as assumed – spend freed up resources on R&D, but instead strategically used patenting to replace lost regulation-based protection with patent fences. This casts doubts on the added social value of de-regulation induced innovation.

Item Type:	Article
Official URL:	https://www.sciencedirect.com/journal/journal-of-c...
Additional Information:	© 2024 The Author(s)
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HC Economic History and Conditions
JEL classification:	O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General L - Industrial Organization > L0 - General > L00 - General H - Public Economics > H0 - General > H00 - General F - International Economics > F0 - General > F00 - General
Date Deposited:	08 Mar 2024 17:24
Last Modified:	20 Dec 2024 00:52
URI:	http://eprints.lse.ac.uk/id/eprint/122260

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