Eco-Innovation and Firm Growth: Do Green Gazelles Run Faster? Microeconometric Evidence from a Sample of European Firms

Alessandra Colombelli, Jackie Krafft and Francesco Quatraro

No 2015-12, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: This paper investigates the impact of eco-innovation on firms' growth processes, with a special focus on gazelles, i.e. firms' showing higher growth rates than the average. In a context shaped by more and more stringent environmental regulatory frameworks, we posit that inducement mechanisms stimulate the adoption of green technologies, increasing the derived demand for technologies produced by upstream firms supplying eco-innovations. For these reason we expect the generation of green technologies to trigger sales growth. We use firm-level data drawn from the Bureau van Dijk Database, coupled with patent information obtained from the OECD Science and Technology Indicators. The results confirm that eco-innovations are likely to augment the effects of generic innovation on firms' growth, and this is particularly true for gazelles, which actually appear to run faster than the others.

Keywords: Gazelles; Eco-Innovation; firms' growth; Inducement mechanisms; derived demand; WIPO Green Inventory (search for similar items in EconPapers)
JEL-codes: L10 L20 O32 O33 Q53 Q55 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2015-03
New Economics Papers: this item is included in nep-cse, nep-env, nep-ino, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Related works:
Working Paper: Eco-innovation and firm growth: Do green gazelles run faster? Microeconometric evidence from a sample of European firms (2015)
Working Paper: Eco-innovation and firm growth: Do green gazelles run faster? Microeconometric evidence from a sample of European firms (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2015-12

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