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Environmental Policy, Innovation, and Productivity Growth: Controlling the Effects of Regulation and Endogeneity

机译:环境政策,创新和生产力增长:控制调控的影响和基础性

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摘要

We analyze the environmental regulation-productivity nexus and add to the literature in two main ways. First, shadow prices of energy and industrial energy prices are employed as relative measures of policy stringency. To ensure the robustness of the results, the model is also estimated for five alternative measures that have been applied in prior research. Second, we address the endogeneity of environmental regulation, innovation, and trade openness. A cross-country multi-sectoral dataset is utilized, including newly industrialized countries and former transition economies. The estimates show that the positive effects of increases in environmental policy stringency on productivity, which have often been reported in the more recent studies, change to mainly insignificant effects once simultaneity is controlled for. Hence, no support for the strong Porter Hypothesis can be found. Instead, stricter environmental regulation fosters innovation and, therefore, has an indirect, yet not decisive, positive effect on productivity growth.
机译:我们分析了环境规则 - 生产力Nexus并以两种主要方式添加到文献中。首先,能源和工业能源价格的影子价格被聘用为政策严格性的相对措施。为了确保结果的稳健性,该模型还估计了在先前研究中应用的五项替代措施。其次,我们解决了环境监管,创新和贸易开放的内生性。利用跨国多部门数据集,包括新工业化国家和前过渡经济体。估计表明,在最近的研究中,在更新的研究中,往往报告的环境政策严格性的积极影响是在更新的研究中,曾经进行同步的效果,这是一个同时进行控制。因此,可以找到对强烈的波特假设的支持。相反,更严格的环境监管促进创新,因此对生产力增长进行间接而不是决定性的积极影响。

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