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The Impact of Policy Stringency on (...

Kemenade, Tim van,

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The Impact of Policy Stringency on (Eco)-Innovation Performance: A Cross-Country Analysis /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The Impact of Policy Stringency on (Eco)-Innovation Performance: A Cross-Country Analysis // Tim van Kemenade.
Author:	Kemenade, Tim van,
Description:	1 electronic resource (69 pages)
Notes:	Source: Masters Abstracts International, Volume: 85-09.
Contained By:	Masters Abstracts International85-09.
Subject:	Technological change. -
Online resource:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30853004
ISBN:	9798381886627

The Impact of Policy Stringency on (Eco)-Innovation Performance: A Cross-Country Analysis /
Kemenade, Tim van,

The Impact of Policy Stringency on (Eco)-Innovation Performance: A Cross-Country Analysis /Tim van Kemenade. - 1 electronic resource (69 pages)

Source: Masters Abstracts International, Volume: 85-09.

Policymakers have an important role in enabling eco-innovation. Unlike with traditional innovation economics, policy intervention is required to overcome externality problems related to eco-innovation. To assess the effectivity of these interventions, it is necessary to characterize policies. An example of such a characterization is the level of policy stringency. This encompasses the degree in which countries implement regulations to pressure industry to develop environmentally compatible production processes.The available empirical studies in this area have mainly focused on assessing the impact of policy stringency on eco-innovation at firm level. Additionally, these studies use input or intermediate output instead of effective output measures for eco-innovation. The present study contributes to extant empirical literature at these two levels: it performs a cross-country assessment of the impact of policy stringency on the outcomes(rather than the inputs) of the eco-innovation process, i.e. eco-innovation performance.Based on a small sample of (19) countries for which the relevant data are available, the present study applies multiple linear regression models for estimating the impact of policy stringency on countries' eco-innovation performance controlling for a set of other relevant variables that are likely to determine eco-innovation performance.The results show that public investments in environmental R&D constitutes the most important determinant for increasing employment in eco-industries and, to a smaller extent, for fostering green exports, whereas environmental management system certificates are the most critical determinant in driving the turnover of eco-industries. Contrasting with extant (firm level) empirical evidence, however, our results fail to evidence the relevance of policy stringency for eco-innovation performance. Notwithstanding, policy stringency emerged indirectly as a potential critical determinant. Indeed, the possibility to save costs is often (partly) driven by policy instruments that punish pollution intensive firms. So in practice, firms that indicate that the prospect of cost savings is relevant to them for pursuing eco-innovation, therefore indirectly acknowledge that policies are also relevant to them. As a result, a proportion of the policy stringency effect might be observed through the variable that represents the ability to save costs.

English

ISBN: 9798381886627Subjects--Topical Terms:

3564100
Technological change.

The Impact of Policy Stringency on (Eco)-Innovation Performance: A Cross-Country Analysis /
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520 $a Policymakers have an important role in enabling eco-innovation. Unlike with traditional innovation economics, policy intervention is required to overcome externality problems related to eco-innovation. To assess the effectivity of these interventions, it is necessary to characterize policies. An example of such a characterization is the level of policy stringency. This encompasses the degree in which countries implement regulations to pressure industry to develop environmentally compatible production processes.The available empirical studies in this area have mainly focused on assessing the impact of policy stringency on eco-innovation at firm level. Additionally, these studies use input or intermediate output instead of effective output measures for eco-innovation. The present study contributes to extant empirical literature at these two levels: it performs a cross-country assessment of the impact of policy stringency on the outcomes(rather than the inputs) of the eco-innovation process, i.e. eco-innovation performance.Based on a small sample of (19) countries for which the relevant data are available, the present study applies multiple linear regression models for estimating the impact of policy stringency on countries' eco-innovation performance controlling for a set of other relevant variables that are likely to determine eco-innovation performance.The results show that public investments in environmental R&D constitutes the most important determinant for increasing employment in eco-industries and, to a smaller extent, for fostering green exports, whereas environmental management system certificates are the most critical determinant in driving the turnover of eco-industries. Contrasting with extant (firm level) empirical evidence, however, our results fail to evidence the relevance of policy stringency for eco-innovation performance. Notwithstanding, policy stringency emerged indirectly as a potential critical determinant. Indeed, the possibility to save costs is often (partly) driven by policy instruments that punish pollution intensive firms. So in practice, firms that indicate that the prospect of cost savings is relevant to them for pursuing eco-innovation, therefore indirectly acknowledge that policies are also relevant to them. As a result, a proportion of the policy stringency effect might be observed through the variable that represents the ability to save costs.
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