Policy-Induced Environmental Technology and Inventive Efforts: Is There a Crowding Out?

Hanna Hottenrott, Sascha Rexhäuser

Publikation: Beitrag in FachzeitschriftArtikelBegutachtung

48 Zitate (Scopus)

Abstract

Substantial policy effort is devoted to stimulate environmentally friendly technology through regulation and subsidies. Since innovation is a crucial productivity driver, a potential crowding out of inventive efforts in affected firms may increase the cost of regulation. We study the effects of regulation-induced environmental technology on innovation activities for a sample of firms in Germany. We find some evidence for a crowding out of firms' in-house R&D, especially for firms facing financing constraints. Innovation outcomes and investments in innovation-related fixed assets are not affected. Moreover, subsidy-backed environmental technology does not crowd out R&D.

OriginalspracheEnglisch
Seiten (von - bis)375-401
Seitenumfang27
FachzeitschriftIndustry and Innovation
Jahrgang22
Ausgabenummer5
DOIs
PublikationsstatusVeröffentlicht - 4 Juli 2015
Extern publiziertJa

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