Please use this identifier to cite or link to this item:
Title: What are the determinants of investment in environmental R&D?
Author: Costa, M. Teresa (Maria Teresa), 1951-
Garcia-Quevedo, Jose
Martínez-Ros, Ester
Keywords: Gestió de la innovació
Política ambiental
Anàlisi de dades de panel
Innovation management
Environmental policy
Panel analysis
Issue Date: May-2017
Publisher: Elsevier B.V.
Abstract: To face the challenges posed by climate change, environmental R&D and innovation are critical factors if we hope to cut emissions; yet, investment in environmental R&D remains below the social optimum. The aim of this paper is to analyse the determinants of investment in environmental innovation and to detect the differences, if any, with the determinants of investment in general innovation. In addition, this paper examines the relationship between environmental innovation R&D expenditure and a range of policy instruments, including environmental regulation and other policy measures including R&D subsidies and environmental taxes. The empirical analysis is carried out for 22 manufacturing sectors in Spain for the period 2008-2013. To overcome problems of data availability, we construct a comprehensive database from different surveys. The main implications from our results are (1). Managerial strategy appears as a relevant driver of environmental R&D investments. (2) The establishment of a policy mix between environmental, energy and technological regulatory measures is recommended. (3) The promotion of self-regulation through actions that encourage companies to follow a policy that affects their energy efficiency and is environmentally friendly.
Note: Versió postprint del document publicat a:
It is part of: Energy Policy, 2017, vol. 104, num. May, p. 455-465
Related resource:
ISSN: 0301-4215
Appears in Collections:Articles publicats en revistes (Economia)

Files in This Item:
File Description SizeFormat 
674310.pdf196.21 kBAdobe PDFView/Open

This item is licensed under a Creative Commons License Creative Commons