Green R&D, Technology Spillovers, and Market Uncertainty: An Empirical Investigation
Elisabetta Magnani and
Adeline Tubb
Land Economics, 2012, vol. 88, issue 4
Abstract:
What drives firms’ investments in green R&D? We use Organisation for Economic Cooperation and Development facility-level data to address three main questions, namely, (1) the relationship between R&D and green R&D at the firm level, (2) whether investments in R&D at the industry level can be perceived as complementary to firm-specific investments in green R&D, and (3) whether market uncertainty and capital obsolescence affect microdecisions concerning the introduction of green technology. We find that facility-level R&D intensity and industry-level R&D intensity reinforce one another in enhancing green R&D investments at the facility level, thereby suggesting the presence of positive R&D spillovers.
JEL-codes: D21 O14 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:88:y:2012:iv:1:p:685-709
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