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The Carbon Dioxide Emissions of Firms: A Spatial Analysis

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Listed:
  • Matthew A. Cole

    (Department of Economics, University of Birmingham)

  • Robert J R Elliott

    (University of Birmingham)

  • Toshihiro Okubo

    (Keio University, Japan)

  • Ying Zhou

    (Aston University, UK)

Abstract

In order to gain a greater understanding of firms' 'environmental behaviour' this paper explores the factors that influence firms' emissions intensities and provides the first analysis of the determinants of firm level carbon dioxide (CO2) emissions. Focussing on Japan, the paper also examines whether firms' CO2 emissions are influenced by the emissions of neighbouring firms and other possible sources of spatial correlation. Results suggest that size, the capital-labour ratio, R&D expenditure, the extent of exports and concern for public profile are the key determinants of CO2 emissions. Local lobbying pressure, as captured by regional community characteristics, does not appear to play a role, however emissions are found to be spatially correlated. This raises implications for the manner in which the environmental performance of firms is modelled in future.

Suggested Citation

  • Matthew A. Cole & Robert J R Elliott & Toshihiro Okubo & Ying Zhou, 2012. "The Carbon Dioxide Emissions of Firms: A Spatial Analysis," Keio/Kyoto Joint Global COE Discussion Paper Series 2012-003, Keio/Kyoto Joint Global COE Program.
    • Handle: RePEc:kei:dpaper:2012-003
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