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Clean and productive? Empirical evidence from the German manufacturing industry

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  • Böhringer, Christoph
  • Moslener, Ulf
  • Oberndorfer, Ulrich
  • Ziegler, Andreas

Abstract

In view of the controversial policy debate on “green” growth and corresponding stimulus packages we empirically investigate the production effects of environmental investment as well as of environmental and energy expenditures. Using a panel dataset of German manufacturing sectors our econometric analysis identifies a positive impact of environmental investment on production growth. In contrast, our estimation results cannot support the hypothesis of positive production impacts induced by environmental or energy expenditures. We thus conclude that environmental regulation should in particular stimulate environmental investment in order to be compatible with the pursuit of production growth.

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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 41 (2012)
Issue (Month): 2 ()
Pages: 442-451

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Handle: RePEc:eee:respol:v:41:y:2012:i:2:p:442-451

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Web page: http://www.elsevier.com/locate/respol

Related research

Keywords: Environmental expenditures; Environmental investment; Environmental regulation;

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Cited by:
  1. Fujii, Hidemichi & Iwata, Kazuyuki & Kaneko, Shinji & Managi, Shunsuke, 2012. "Corporate environmental and economic performances of Japanese manufacturing firms: Empirical study for sustainable development," MPRA Paper 39564, University Library of Munich, Germany.

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