Energy Saving in Transition Economies: Environmental Activities in Manufacturing Firms

Antonella Biscione, Annunziata de Felice and Teodoro Gallucci
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Antonella Biscione: Department of Bioeconomic Strategies in the European Union and in the Balkans, Catholic University Our Lady of Good Counsel, 1000 Tirana, Albania
Annunziata de Felice: Department of Law, University of Bari Aldo Moro, 70120 Bari, Italy
Teodoro Gallucci: Department of Economics Management and Business Law, University of Bari Aldo Moro, 70120 Bari, Italy

Sustainability, 2022, vol. 14, issue 7, 1-17

Abstract: This study seeks to explore the relationship between active environmental activities and energy saving in firms operating in a set of Transition countries. For this purpose, we exploit the enterprise survey data collected by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank Group (WBG). Employing a probit regression model, the main finding shows a positive relation between environmental practices and energy saving, controlling several firms’ characteristics such as size, affiliation, credit line, ownership status and age. The results are also confirmed when we perform the robustness check. Interestingly, medium and small firms appear to save more energy than large ones.

Keywords: industrial energy saving; Transition economies; active environmental practices; manufacturing sector (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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