Article ID Journal Published Year Pages File Type
959169 Journal of Environmental Economics and Management 2014 16 Pages PDF
Abstract

We investigate the effect of environmental policies on innovation under different levels of competition. Using information regarding renewable energy policies, competition and green patents for OECD countries since the late 1970s, we develop a pre-sample mean count-data econometric specification that accounts for the endogeneity of policies. We find that renewable energy policies are more effective in fostering green innovation in countries with liberalized energy markets. We also find that environmental policies are crucial only in the generation of high-quality green patents, whereas competition enhances the generation of low-quality green patents.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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