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- W3124376227 abstract "Significant policy effort is devoted to stimulate the development, adoption and diffusion of environmentally-friendly technology. Sceptics worry about the effects of regulation-induced environmental technology on firms’ competitiveness. Since innovation is a crucial productivity driver, a potential crowding out of inventive efforts could increase the cost of mitigating environmental damage. Using matching techniques, we study the short-term effects of regulation-induced environmental technology on non-green innovative activities for a sample of firms in Germany. We find indeed some evidence for a crowding out of the firms’ in-house R&D. The estimated treatment effect is larger for firms that are likely to face financing constraints. However, we do not find negative effects on the number of ongoing R&D projects, investments in innovation-related fixed assets or on the outcome of innovation projects. Likewise, for firms with subsidy-backed environmental innovations no crowding out is found." @default.
- W3124376227 created "2021-02-01" @default.
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- W3124376227 date "2013-01-01" @default.
- W3124376227 modified "2023-10-17" @default.
- W3124376227 title "Policy-Induced Environmental Technology and Inventive Efforts: Is There a Crowding Out?" @default.
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- W3124376227 doi "https://doi.org/10.2139/ssrn.2379461" @default.
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