Environmental policy and environmental R&D in the private sector

Herzer, Dierk

doi:10.46557/001c.94372

Environmental policy and environmental R&D in the private sector

New evidence on the “narrow” Porter hypothesis

Publication date

2025-03-01

Document type

Forschungsartikel

Author

Herzer, Dierk

Organisational unit

VWL, insb. Konjunktur und Wachstum

DOI

10.46557/001c.94372

URI

https://openhsu.ub.hsu-hh.de/handle/10.24405/22824

Publisher

Asia-Pacific Applied Economics Association (APAEA)

Series or journal

Energy RESEARCH LETTERS

ISSN

2652-6433

Periodical volume

6

Periodical issue

1

Peer-reviewed

✅

Part of the university bibliography

✅

Language

English

Keyword

Market-based environmental policies

Non-market-based environmental policies

Environmental R&D

Abstract

We examine the impact of the stringency of market-based and non-market-based environmental policies on private-sector environmental R&D expenditures. We find that the stringency of market-based environmental policies has a positive and statistically significant impact on environmental R&D expenditures in the private sector. In contrast, the stringency of non-market-based environmental policies is statistically insignificant. Thus, our findings provide evidence supporting the “narrow” Porter hypothesis.

Description

This is an open-access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY-SA-4.0). View this license’s legal deed at https://creativecommons.org/licenses/by-sa/4.0 and legal code at https://creativecommons.org/licenses/by-sa/4.0/legalcode for more information.

Version

Published version

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