Environmental policies, competition and innovation in renewable energy
Lionel Nesta (),
Francesco Vona () and
Francesco Nicolli ()
Journal of Environmental Economics and Management, 2014, vol. 67, issue 3, 396-411
We investigate the effect of environmental policies on innovation under different levels of competition. Using information regarding renewable energy policies, competition and green patents for OECD countries since the late 1970s, we develop a pre-sample mean count-data econometric specification that accounts for the endogeneity of policies. We find that renewable energy policies are more effective in fostering green innovation in countries with liberalized energy markets. We also find that environmental policies are crucial only in the generation of high-quality green patents, whereas competition enhances the generation of low-quality green patents.
Keywords: Renewable energy technology; Environmental policies; Competition; Endogeneity; Pre-sample mean GMM (search for similar items in EconPapers)
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Working Paper: Environmental policies, product market regulation and innovation in renewable energy (2012)
Working Paper: Environmental Policies, Product Market Regulation and Innovation in Renewable Energy (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:67:y:2014:i:3:p:396-411
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