Environmental Regulation and Innovation: A Panel Data Study

No 5545, NBER Working Papers from National Bureau of Economic Research, Inc

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. We examine the stylized facts regarding environmental expenditures and innovation in a panel of manufacturing industries. We find that lagged environmental compliance expenditures have significant positive effect on R&D expenditures when we control for unobserved industry-specific effects. We find little evidence, however, that industries' inventive output (as measured by patent applications) is related to compliance costs).

JEL-codes: O31 Q28 (search for similar items in EconPapers)
Date: 1996-04
Note: PR
References: Add references at CitEc
Citations: View citations in EconPapers (29)

Published as Review of Economics and Statistics (1997): 610-619.

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