Abstract
What drives firms' investments in green R&D? We use Organisation for Economic Cooperation and Development facility-level data to address three main questions, namely, (1) the relationship between R&D and green R&D at the firm level, (2) whether investments in R&D at the industry level can be perceived as complementary to firm-specific investments in green R&D, and (3) whether market uncertainty and capital obsolescence affect microdecisions concerning the introduction of green technology. We find that facility-level R&D intensity and industry-level R&D intensity reinforce one another in enhancing green R&D investments at the facility level, thereby suggesting the presence of positive R&D spillovers.
| Original language | English |
|---|---|
| Pages (from-to) | 685-709 |
| Number of pages | 25 |
| Journal | Land Economics |
| Volume | 88 |
| Issue number | 4 |
| Publication status | Published - 2012 |
| Externally published | Yes |