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| Tekijä: | Carrion-Flores, C.E. Innes, R. |
| Otsikko: | Environmental innovation and environmental performance |
| Lehti: | Journal of Environmental Economics and Management
2010 : JAN, VOL. 59:1, p. 27-42 |
| Asiasana: | environment innovation pollution standards models manufacturing industries USA |
| Kieli: | eng |
| Tiivistelmä: | This paper identifies bi-directional causal links btw. environmental innovation (hereafter as: env-inntn.) and toxic air pollution through estimation of a simultaneous panel data model. A panel of 127 manufacturing industries from 1989 to 2004 is studied. Policy stringency is measured through pollutant emissions and env-inntn. is measured using environmental patent counts. After accounting for the joint endogeneity, env-inntn. is found to be an important driver of reductions in U.S. toxic emissions. Conversely, it is found that tightened pollution targets induce env-inntn. However, the estimates indicate that the "environmental policy multiplier" is small. |
SCIMA