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Environmental Policies, Competition and Innovation in Renewable Energy

 

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Type:   Article
 
Titre:   Environmental Policies, Competition and Innovation in Renewable Energy
 
Auteur(s):   Nesta, Lionel (1970-...) - Observatoire français des conjonctures économiques (Auteur)
Vona, Francesco (1977-...) - Observatoire français des conjonctures économiques (Auteur)
Nicolli, Francesco - Facoltà di Economia (Faculty of Economics) (Auteur)
 
In:   Journal of Environmental Economics and Management
 
Date de publication:   2014-05
 
Volume:   67
 
Numéro:   3
 
Pages:   396-411  p.
 
ISSN:   00950696
 
DOI:   10.1016/j.jeem.2014.01.001
 
Mots-clés:   [en] Renewable energy technology, Environmental policies, Competition, Endogeneity
 
Résumé:   [en] We investigate the effect of environmental policies on innovation under different levels of competition. Using information regarding renewable energy policies, competition and green patents for OECD countries since the late 1970s, we develop a pre-sample mean count-data econometric specification that accounts for the endogeneity of policies. We find that renewable energy policies are more effective in fostering green innovation in countries with liberalized energy markets. We also find that environmental policies are crucial only in the generation of high-quality green patents, whereas competition enhances the generation of low-quality green patents.
 
 

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