Clean and productive? Empirical evidence from the German manufacturing industry

Christoph Böhringer, Ulf Moslener, Ulrich Oberndorfer and Andreas Ziegler

Research Policy, 2012, vol. 41, issue 2, 442-451

Abstract: In view of the controversial policy debate on “green” growth and corresponding stimulus packages we empirically investigate the production effects of environmental investment as well as of environmental and energy expenditures. Using a panel dataset of German manufacturing sectors our econometric analysis identifies a positive impact of environmental investment on production growth. In contrast, our estimation results cannot support the hypothesis of positive production impacts induced by environmental or energy expenditures. We thus conclude that environmental regulation should in particular stimulate environmental investment in order to be compatible with the pursuit of production growth.

Keywords: Environmental expenditures; Environmental investment; Environmental regulation (search for similar items in EconPapers)
JEL-codes: D24 Q28 Q58 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:41:y:2012:i:2:p:442-451

DOI: 10.1016/j.respol.2011.10.004

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