The carbon dioxide emissions of firms: A spatial analysis

Matthew Cole, Robert Elliott (), Toshihiro Okubo and Ying Zhou

Journal of Environmental Economics and Management, 2013, vol. 65, issue 2, 290-309

Abstract: In order to gain a greater understanding of firms' ‘environmental behaviour’ this paper explores the factors that influence firms' emissions intensities and provides the first analysis of the determinants of firm level carbon dioxide (CO2) emissions. Focussing on Japan, the paper also examines whether firms' CO2 emissions are influenced by the emissions of neighbouring firms and other possible sources of spatial correlation. Results suggest that size, the capital–labour ratio, R&D expenditure, the extent of exports and concern for public profile are the key determinants of CO2 emissions. Local lobbying pressure, as captured by regional community characteristics, does not appear to play a role, however emissions are found to be spatially correlated. This raises implications for the manner in which the environmental performance of firms is modelled in future.

Keywords: Carbon dioxide; Japan; Firms; Spatial; Formal and informal regulations (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (68)

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Working Paper: The Carbon Dioxide Emissions of Firms: A Spatial Analysis (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:65:y:2013:i:2:p:290-309

DOI: 10.1016/j.jeem.2012.07.002

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Journal of Environmental Economics and Management is currently edited by M.A. Cole, A. Lange, D.J. Phaneuf, D. Popp, M.J. Roberts, M.D. Smith, C. Timmins, Q. Weninger and A.J. Yates

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