Policy-Induced Environmental Technology and Inventive Efforts: Is There a Crowding Out?
Hanna Hottenrott () and
Industry and Innovation, 2015, vol. 22, issue 5, 375-401
Substantial policy effort is devoted to stimulate environmentally friendly technology through regulation and subsidies. Since innovation is a crucial productivity driver, a potential crowding out of inventive efforts in affected firms may increase the cost of regulation. We study the effects of regulation-induced environmental technology on innovation activities for a sample of firms in Germany. We find some evidence for a crowding out of firms' in-house R&D, especially for firms facing financing constraints. Innovation outcomes and investments in innovation-related fixed assets are not affected. Moreover, subsidy-backed environmental technology does not crowd out R&D.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Working Paper: Policy-induced environmental technology and inventive efforts: Is there a crowding out? (2013)
Working Paper: Policy-Induced Environmental Technology and Inventive Efforts: Is There a Crowding Out? (2013)
Working Paper: Policy-induced environmental technology and incentive efforts: Is there a crowding out? (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:indinn:v:22:y:2015:i:5:p:375-401
Ordering information: This journal article can be ordered from
Access Statistics for this article
Industry and Innovation is currently edited by Associate Professor Mark Lorenzen
More articles in Industry and Innovation from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().