Productivity effects of eco-innovations using data on eco-patents

Giovanni Marin and Francesca Lotti

No 1065, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: We investigate the productivity effects of eco-innovations at the firm level using a modified version of the CDM model (Crepon et al., 1998). The distinctive nature of environmental innovations, especially as regards the need for government intervention to create market opportunities, is likely to affect the way they are pursued and their effect on productivity. The analysis is based on an unbalanced panel sample of Italian manufacturing firms merged with data on patent applications and balance sheet information. When looking at innovation’s return on productivity , we observe that eco-innovations exhibit a generally lower return relative to other innovations, at least in the short run. This differential effect is more pronounced for polluting firms, which are likely to face higher compliance costs for environmental regulations than other firms. This result holds for both the extensive (probability of patenting) and intensive (patent count) margin.

Keywords: R&D; innovation; productivity; patents; eco-patents. (search for similar items in EconPapers)
JEL-codes: L60 Q55 (search for similar items in EconPapers)
Date: 2016-06
New Economics Papers: this item is included in nep-agr, nep-eff, nep-ene, nep-env, nep-hme, nep-ino, nep-ipr, nep-pr~, nep-sbm and nep-tid
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Citations: View citations in EconPapers (11)

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Related works:
Journal Article: Productivity effects of eco-innovations using data on eco-patents (2017)
Working Paper: Productivity Effects of Eco-innovations Using Data on Eco-patents (2015)
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