Environmental Policies and Directed Technological Change

Publikation: Working/Discussion PaperWU Working Paper

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Abstract

This article evaluates if and to which extent policy can steer innovation towards eco-friendly technologies. We construct a cross-country dataset on sectoral green innovation and complement it with data on policies designed to address environmental market failures: environmental taxes, regulation, and R&D subsidies. While all of these tools exert a positive effect on green innovation, our IV estimates reveal substantial heterogeneities across policies. Overall, green innovation reacts most strongly to R&D subsidies for renewables, but interaction effects between different policies need to be considered.
OriginalspracheEnglisch
HerausgeberWU Vienna University of Economics and Business
PublikationsstatusVeröffentlicht - Dez. 2023

Publikationsreihe

ReiheDepartment of Economics Working Paper Series
Nummer355

WU Working Paper Reihe

  • Department of Economics Working Paper Series

Zitat