 What are the determinants of investment in environmental R&D?Maria Costa-Campi, Jose Garcia-Quevedo and Ester Martínez-Ros No 2016/13, Working Papers from Institut d'Economia de Barcelona (IEB) Abstract: To face the challenges posed by climate change, environmental R&D and innovation are critical factors if we hope to cut emissions; yet, investment in environmental R&D remains below the social optimum. The aim of this paper is to analyse the determinants of investment in environmental innovation and to detect the differences, if any, with the determinants of investment in general innovation. R&D investment is one of the key variables for analysing the resources devoted to innovation; however, data constraints hamper the use of this variable when examining the drivers of eco-innovation. The literature reports that demand factors in general and collaboration with stakeholders play a crucial role in generating such investment. In addition, this paper similarly examines the relationship between environmental innovation R&D expenditure and a range of policy instruments, including environmental regulation and other policy measures including R&D subsidies and environmental taxes. The empirical analysis is carried out for 22 manufacturing sectors in Spain for the period 2008–2013. To overcome problems of data availability, we construct a comprehensive database from different surveys. Keywords: Environmental innovation; tax and demand instruments; panel data (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ieb:wpaper:doc2016-13 Access Statistics for this paper More papers in Working Papers from Institut d'Economia de Barcelona (IEB) Contact information at EDIRC. |
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