The impact of regulation on technical change

被引：10

作者：

Granderson, G ^{[1
]}

机构：

[1] Miami Univ, Dept Econ, Oxford, OH 45056 USA

来源：

SOUTHERN ECONOMIC JOURNAL | 1999年 / 65卷 / 04期

关键词：

D O I：

10.2307/1061277

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the impact of regulation on a firm's choice of innovations and on the rate of technical change. Using a 1977-1987 panel of 20 U.S. interstate natural gas pipeline companies, I find that regulation led firms to adopt a technology that augmented (i) noncapital more than capital and (ii) noncapital more than the technology the standard (unregulated) firm would have adopted. I also find that, while technical regress occurred over the sample period, regulation led to a small decline in the rate of technical change and a small increase in production cost on average.

引用

页码：807 / 822

页数：16

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