Clean and Productive? Evidence from the German Manufacturing Industry

Ulrich Oberndorfer, Ulf Moslener, Christoph Böhringer and Andreas Ziegler

No 08-091, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: We analyze the productivity effects of environmental (green) investment as well as of environmental expenditures and energy expenditures. For this purpose, we follow a production function approach where we account for these investment and expenditure categories as inputs. Based on a panel dataset for the German manufacturing industry between 1996 and 2002 we find that both environmental and energy expenditures do not contribute to production growth. In contrast, environmental investment positively impinges upon production growth as a productivity driver. We thus conclude that environmental regulation should stimulate investment in order to be compatible with economic goals such as productivity.

Keywords: environmental performance; environmental regulation; productivity (search for similar items in EconPapers)
JEL-codes: D24 Q28 Q58 (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-eff, nep-ene, nep-env and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:7433

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