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Green R&D, Technology Spillovers, and Market Uncertainty: An Empirical Investigation

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  • Elisabetta Magnani
  • Adeline Tubb

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.

Suggested Citation

  • Elisabetta Magnani & Adeline Tubb, 2012. "Green R&D, Technology Spillovers, and Market Uncertainty: An Empirical Investigation," Land Economics, University of Wisconsin Press, vol. 88(4), pages 685-709.
    • Handle: RePEc:uwp:landec:v:88:y:2012:iv:1:p:685-709
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    3. Adnan, Nadia & Nordin, Shahrina Md & bin Abu Bakar, Zulqarnain, 2017. "Understanding and facilitating sustainable agricultural practice: A comprehensive analysis of adoption behaviour among Malaysian paddy farmers," Land Use Policy, Elsevier, vol. 68(C), pages 372-382.

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    More about this item

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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