Exports and Participation in CDM in Technology Intensive Industries in India

Santosh Kumar Sahu and K. Narayanan ()
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K. Narayanan: Indian Institute of Technology Bombay

Chapter Chapter 6 in Globalization of Indian Industries, 2016, pp 121-140 from Springer

Abstract: Abstract This study tries to find out the relationship between export and CDM participation for the technology intensive industries in India. Data are used from the PROWESS, CMIE and Verified Carbon Units (VCU) database from 2007 to 2012. Results of this study indicate that firm size, age of the firms, profitability and R&D intensity are the major determinants of export propensity. In addition, technology imports and multinational affiliation also help firms in exporting more. The CDM participation in terms of higher VCU, and energy related technological advancements at firm level are also found to be major determinants of export intensity. India, unlike other established European carbon markets is not a platform for trading, but the country is known for its creation of VCU and selling them. Government should focus more on smaller and less profitable firms and create a wider platform. Technology spillovers created by bigger and profitable firms which attract more benefits from Verified Carbon Offsetting should pool the entire interested, ready-to-participate firms and attain a common goal, i.e. economically viable, environmentally sustainable and the leaders in the international export market.

Keywords: Foreign Direct Investment; Clean Development Mechanism; Export Performance; Clean Development Mechanism Project; Export Intensity (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-981-10-0083-6_6

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