TY  - RPRT
AV  - public
SN  - 2279-6894
M1  - imt_eic_working_paper
UR  - http://eprints.imtlucca.it/1279/
PB  - IMT Institute for Advanced Studies
EP  - 29
KW  - JEL code: L60
KW  -  O30
KW  -  Q55
ID  - eprints1279
A1  - Marin, Giovanni
TI  - Do Eco-Innovations Harm Productivity Growth through Crowding Out? Results of an Extended CDM Model for Italy
N2  - This paper discusses the results for Italy of a CDM model (Crepon et al, 1998) further extended with the objective of evaluating drivers and productivity effects of environmental innovations. The particular nature of environmental innovations, especially as regards the need of
government intervention to create market opportunities, is likely to affect the way through which they are pursued (innovation equation within the CDM model) and their effect on productivity (productivity equation). Here I test two main hypothesis: (i) to what extent polluting firms
rely on own innovations to improve their environmental performance? (ii) do the pursue of environmental innovations reduce the likelihood of obtaining other profitable innovations (crowding out)? Results, based
on administrative data (AIDA by Bureau van Dijk and patent data from PATSTAT) show that innovation efforts of polluting firms and sectors is significantly biased towards environmental innovations and that environmental innovations tend to crowd out other more profitable
(at least in the short run) innovations.
Y1  - 2012/05//
ER  -