Effects of Licensing Reform on Firm Innovation : Evidence from India

The regulatory environment in a country can affect firm performance. This study investigates the impact of a particular regulation, namely license requirements for certain firm activities, on the innovation performance of Indian firms. First it pre...

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Main Author:	Seker, Murat
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCESS TO TECHNOLOGY BALANCE SHEETS COMMODITY COMPETITION POLICY COMPETITIVE PRODUCT COMPETITIVENESS DATA COVERAGE DEMOCRACY DEVELOPMENT ECONOMICS DISCUSSION DISCUSSIONS E-MAIL ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC POLICIES ECONOMICS EMPLOYMENT EXPANSION EXPECTED PRESENT VALUE EXPENDITURE EXPENDITURES FIRM SIZE FIRMS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN TRADE GLOBAL ECONOMY GOVERNMENT RESTRICTIONS HUMAN CAPITAL IDEA IDEAS INCOME INDUSTRIAL RELATIONS INDUSTRY PRODUCTIVITY INNOVATION INNOVATION STRATEGIES INNOVATION STRATEGY INPUT FACTOR INTERMEDIATE GOODS INTERNATIONAL TRADE JOB CREATION JOB FLOWS KNOWLEDGE CAPITAL LABOR REGULATIONS LEADING LICENSE LICENSES LICENSING MANUFACTURING MARKET COMPETITION MARKET CONDITIONS MARKET DISCIPLINE MARKET REFORMS MOTIVATION NEW TECHNOLOGY OPEN ACCESS PARENT COMPANY PDF PERFORMANCES POLITICAL ECONOMY PRICE INDEX PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCT INFORMATION PRODUCT INNOVATION PRODUCT MARKET PRODUCT MARKETS PRODUCT QUALITY PRODUCTION PROCESSES PRODUCTIVITIES PRODUCTIVITY PRODUCTIVITY GROWTH R&D REGULATORY ENVIRONMENT RESULT RESULTS SALE SKILLED WORKERS SMALL FIRMS SUBSTITUTION TECHNOLOGICAL INNOVATION TECHNOLOGY DIFFUSION TECHNOLOGY TRANSFER TIME PERIOD TIME PERIODS TOTAL SALES TRADE LIBERALIZATION TRADE REFORMS TRANSACTION TRANSACTIONS COSTS TURNOVER USERS USES VARIETY WEB
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111108090958 http://hdl.handle.net/10986/3643

id	okr-10986-3643
recordtype	oai_dc
spelling	okr-10986-36432021-04-23T14:02:11Z Effects of Licensing Reform on Firm Innovation : Evidence from India Seker, Murat ACCESS TO TECHNOLOGY BALANCE SHEETS COMMODITY COMPETITION POLICY COMPETITIVE PRODUCT COMPETITIVENESS DATA COVERAGE DEMOCRACY DEVELOPMENT ECONOMICS DISCUSSION DISCUSSIONS E-MAIL ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC POLICIES ECONOMICS EMPLOYMENT EXPANSION EXPECTED PRESENT VALUE EXPENDITURE EXPENDITURES FIRM SIZE FIRMS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN TRADE GLOBAL ECONOMY GOVERNMENT RESTRICTIONS HUMAN CAPITAL IDEA IDEAS INCOME INDUSTRIAL RELATIONS INDUSTRY PRODUCTIVITY INNOVATION INNOVATION STRATEGIES INNOVATION STRATEGY INPUT FACTOR INTERMEDIATE GOODS INTERNATIONAL TRADE JOB CREATION JOB FLOWS KNOWLEDGE CAPITAL LABOR REGULATIONS LEADING LICENSE LICENSES LICENSING MANUFACTURING MARKET COMPETITION MARKET CONDITIONS MARKET DISCIPLINE MARKET REFORMS MOTIVATION NEW TECHNOLOGY OPEN ACCESS PARENT COMPANY PDF PERFORMANCES POLITICAL ECONOMY PRICE INDEX PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCT INFORMATION PRODUCT INNOVATION PRODUCT MARKET PRODUCT MARKETS PRODUCT QUALITY PRODUCTION PROCESSES PRODUCTIVITIES PRODUCTIVITY PRODUCTIVITY GROWTH R&D REGULATORY ENVIRONMENT RESULT RESULTS SALE SKILLED WORKERS SMALL FIRMS SUBSTITUTION TECHNOLOGICAL INNOVATION TECHNOLOGY DIFFUSION TECHNOLOGY TRANSFER TIME PERIOD TIME PERIODS TOTAL SALES TRADE LIBERALIZATION TRADE REFORMS TRANSACTION TRANSACTIONS COSTS TURNOVER USERS USES VARIETY WEB The regulatory environment in a country can affect firm performance. This study investigates the impact of a particular regulation, namely license requirements for certain firm activities, on the innovation performance of Indian firms. First it presents a model of firm and industry evolution that explains the dynamics of multi-product firms. Then, using a firm level panel data set, it shows that removal of license requirements led to roughly 5 percentage points faster innovation rates where innovation is measured as introduction of new product varieties that had not existed in the market. The results are robust to inclusion of controls for the other policy reforms that occurred during the period of licensing reform. 2012-03-19T18:06:05Z 2012-03-19T18:06:05Z 2011-11-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111108090958 http://hdl.handle.net/10986/3643 English Policy Research working paper ; no. WPS 5876 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper South Asia South Asia Asia India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCESS TO TECHNOLOGY BALANCE SHEETS COMMODITY COMPETITION POLICY COMPETITIVE PRODUCT COMPETITIVENESS DATA COVERAGE DEMOCRACY DEVELOPMENT ECONOMICS DISCUSSION DISCUSSIONS E-MAIL ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC POLICIES ECONOMICS EMPLOYMENT EXPANSION EXPECTED PRESENT VALUE EXPENDITURE EXPENDITURES FIRM SIZE FIRMS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN TRADE GLOBAL ECONOMY GOVERNMENT RESTRICTIONS HUMAN CAPITAL IDEA IDEAS INCOME INDUSTRIAL RELATIONS INDUSTRY PRODUCTIVITY INNOVATION INNOVATION STRATEGIES INNOVATION STRATEGY INPUT FACTOR INTERMEDIATE GOODS INTERNATIONAL TRADE JOB CREATION JOB FLOWS KNOWLEDGE CAPITAL LABOR REGULATIONS LEADING LICENSE LICENSES LICENSING MANUFACTURING MARKET COMPETITION MARKET CONDITIONS MARKET DISCIPLINE MARKET REFORMS MOTIVATION NEW TECHNOLOGY OPEN ACCESS PARENT COMPANY PDF PERFORMANCES POLITICAL ECONOMY PRICE INDEX PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCT INFORMATION PRODUCT INNOVATION PRODUCT MARKET PRODUCT MARKETS PRODUCT QUALITY PRODUCTION PROCESSES PRODUCTIVITIES PRODUCTIVITY PRODUCTIVITY GROWTH R&D REGULATORY ENVIRONMENT RESULT RESULTS SALE SKILLED WORKERS SMALL FIRMS SUBSTITUTION TECHNOLOGICAL INNOVATION TECHNOLOGY DIFFUSION TECHNOLOGY TRANSFER TIME PERIOD TIME PERIODS TOTAL SALES TRADE LIBERALIZATION TRADE REFORMS TRANSACTION TRANSACTIONS COSTS TURNOVER USERS USES VARIETY WEB
spellingShingle	ACCESS TO TECHNOLOGY BALANCE SHEETS COMMODITY COMPETITION POLICY COMPETITIVE PRODUCT COMPETITIVENESS DATA COVERAGE DEMOCRACY DEVELOPMENT ECONOMICS DISCUSSION DISCUSSIONS E-MAIL ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC POLICIES ECONOMICS EMPLOYMENT EXPANSION EXPECTED PRESENT VALUE EXPENDITURE EXPENDITURES FIRM SIZE FIRMS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN TRADE GLOBAL ECONOMY GOVERNMENT RESTRICTIONS HUMAN CAPITAL IDEA IDEAS INCOME INDUSTRIAL RELATIONS INDUSTRY PRODUCTIVITY INNOVATION INNOVATION STRATEGIES INNOVATION STRATEGY INPUT FACTOR INTERMEDIATE GOODS INTERNATIONAL TRADE JOB CREATION JOB FLOWS KNOWLEDGE CAPITAL LABOR REGULATIONS LEADING LICENSE LICENSES LICENSING MANUFACTURING MARKET COMPETITION MARKET CONDITIONS MARKET DISCIPLINE MARKET REFORMS MOTIVATION NEW TECHNOLOGY OPEN ACCESS PARENT COMPANY PDF PERFORMANCES POLITICAL ECONOMY PRICE INDEX PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCT INFORMATION PRODUCT INNOVATION PRODUCT MARKET PRODUCT MARKETS PRODUCT QUALITY PRODUCTION PROCESSES PRODUCTIVITIES PRODUCTIVITY PRODUCTIVITY GROWTH R&D REGULATORY ENVIRONMENT RESULT RESULTS SALE SKILLED WORKERS SMALL FIRMS SUBSTITUTION TECHNOLOGICAL INNOVATION TECHNOLOGY DIFFUSION TECHNOLOGY TRANSFER TIME PERIOD TIME PERIODS TOTAL SALES TRADE LIBERALIZATION TRADE REFORMS TRANSACTION TRANSACTIONS COSTS TURNOVER USERS USES VARIETY WEB Seker, Murat Effects of Licensing Reform on Firm Innovation : Evidence from India
geographic_facet	South Asia South Asia Asia India
relation	Policy Research working paper ; no. WPS 5876
description	The regulatory environment in a country can affect firm performance. This study investigates the impact of a particular regulation, namely license requirements for certain firm activities, on the innovation performance of Indian firms. First it presents a model of firm and industry evolution that explains the dynamics of multi-product firms. Then, using a firm level panel data set, it shows that removal of license requirements led to roughly 5 percentage points faster innovation rates where innovation is measured as introduction of new product varieties that had not existed in the market. The results are robust to inclusion of controls for the other policy reforms that occurred during the period of licensing reform.
format	Publications & Research :: Policy Research Working Paper
author	Seker, Murat
author_facet	Seker, Murat
author_sort	Seker, Murat
title	Effects of Licensing Reform on Firm Innovation : Evidence from India
title_short	Effects of Licensing Reform on Firm Innovation : Evidence from India
title_full	Effects of Licensing Reform on Firm Innovation : Evidence from India
title_fullStr	Effects of Licensing Reform on Firm Innovation : Evidence from India
title_full_unstemmed	Effects of Licensing Reform on Firm Innovation : Evidence from India
title_sort	effects of licensing reform on firm innovation : evidence from india
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111108090958 http://hdl.handle.net/10986/3643
_version_	1764387585543634944

Effects of Licensing Reform on Firm Innovation : Evidence from India

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