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Environmental Regulation and Innovation: A Panel Data Study / Adam B. Jaffe, Karen Palmer.
- Format:
- Book
- Author/Creator:
- Jaffe, Adam B.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5545.
- NBER working paper series no. w5545
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Environmental Regulation and Innovation
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1996.
- Summary:
- 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).
- Notes:
- Print version record
- April 1996.
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