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| Author: | Jaffe, K. Palmer, K. |
| Title: | Environmental regulation and innovation: a panel data study |
| Journal: | Review of Economics and Statistics
1997 : NOV, VOL. 79:4, p. 610-619 |
| Index terms: | STATISTICS ENVIRONMENT INNOVATION |
| Language: | eng |
| Abstract: | In a 1991 essay in Scientific American, Michael Porter suggested that environmental regulation may have a positive effect on the performance of domestic firms relative to their foreign competitors by stimulating domestic innovation. Authors examine the stylized facts regarding environmental expenditures and innovation in a panel of manufacturing industries. The authors find that lagged environmental compliance expenditures have a significant positive effect on R&D expenditures when they control for unobserved industry-specific effects. |
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