Market-based and non-market-based policies: A quantile approach to environmental technology innovation in G-7 countries

Mehmet Akif Destek, Oktay Özkan and Sunil Tiwari

Technological Forecasting and Social Change, 2025, vol. 217, issue C

Abstract: Numerous sanctions and incentives are used in different countries to encourage businesses to implement environmental technology. Market-based environmental policies are used in certain nations, whereas non-market-based environmental policies are used in others. However, these rules' ability to effectively guide businesses toward research and development is disregarded. In light of this, the purpose of this research is to examine how market-based environmental policies and non-market-based environmental policies affect environmental technology for G-7 nations at various technological progress levels. For this, unique quantile-on-quantile methods are used to study the years between 1990 and 2020. The results of the empirical analysis show that non-market-based policies is effective in all quantiles for the USA, while market-based policies is successful in all quantiles for Canada and France. Furthermore, differing environmental technology levels for Germany, the UK, Italy, and Japan result in different sorts of successful policies.

Keywords: Environmental technologies; Market-based environmental policies; Non-market-based environmental policies; Quantile on quantile technique (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0040162525002045
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:217:y:2025:i:c:s0040162525002045

DOI: 10.1016/j.techfore.2025.124173

Access Statistics for this article

Technological Forecasting and Social Change is currently edited by Fred Phillips

More articles in Technological Forecasting and Social Change from Elsevier
Bibliographic data for series maintained by Catherine Liu ().