Taxonomy of Regulatory Types and their impacts on Innovation

The objective of this study is to build on this work and conduct a more comprehensive understanding of the impact of different types of regulation on innovation. There is a growing body of literature on the impacts of regulation on innovation, however, the results are often uncertain depending on the type of regulation, sectors, implementation, time period etc. The aim of this study is to explain the links between differing kinds of regulation and innovation which would help policy makers to improve the regulatory framework for innovation or design regulation in a manner which promotes innovation, where appropriate.