The Importance of regional Spill-over Effects for Eco-Innovations in German Start-ups

Jens Horbach ()
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Jens Horbach: Faculty of Business, University of Applied Sciences Augsburg

No 1620, SEEDS Working Papers from SEEDS, Sustainability Environmental Economics and Dynamics Studies

Abstract: Eco-innovation activities are crucial for the mitigation of climate change and further envi-ronmental problems. Start-up firms might play an important role for this relatively new in-novation field as they are predestinated for realizing completely new ideas compared to in-cumbent firms that are not willing to abandon their established innovation paths. On the oth-er side, start-ups have limited resources and need external regionally available input of knowledge. Based on data of the German IAB/ZEW Start-up Panel in combination with re-gional data at the NUTS 3 level, the paper analyzes the determinants of eco-innovation in start-up firms. The econometric results show that regional spill-over effects seem to be very important for eco-innovation activities of start-up firms. In regions where the existing stock of environmentally related patents is already high, the probability that a start-up firm realiz-es eco-innovations is significantly higher. Furthermore, eco-innovative start-ups show dis-proportionally more difficulties to get financing from external investors.

Keywords: Regional spill-over effects; environmental innovation; probit models (search for similar items in EconPapers)
JEL-codes: C25 Q55 R11 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2020-12, Revised 2020-12
New Economics Papers: this item is included in nep-cse, nep-ene, nep-ent, nep-env, nep-eur, nep-geo, nep-hme, nep-ino, nep-sbm and nep-tid
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Citations: View citations in EconPapers (2)

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http://www.sustainability-seeds.org/papers/RePec/srt/wpaper/1620.pdf First version, 2020 (application/pdf)
http://www.sustainability-seeds.org/papers/RePec/srt/wpaper/1620.pdf Revised version, 2020 (application/pdf)

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