Environmental Policy Flexibility, Search and Innovation
It has long been argued that the implementation of flexible policy instruments, such as environmentally-related taxes and tradable permits, is likely to lead to greater technological innovation than more prescriptive forms of regulation such as technology-based standards. One of the principle reasons for such an assertion is that they give firms stronger incentives to search for the optimal technological means to meet a given environmental objective. While the theoretical case for the use of flexible policy instruments is well-developed, empirical evidence remains limited. Drawing upon a database of “environmental” patent applications from a cross-section of 73 countries over the period 2001–2003, evidence is provided for the positive effect of “flexibility” of environmental policy regime on innovation. This impact is additional to, and distinct from, the effect of policy stringency.
Volume (Year): 59 (2009)
Issue (Month): 5 (December)
|Contact details of provider:|| Postal: Opletalova 26, CZ-110 00 Prague|
Phone: +420 2 222112330
Fax: +420 2 22112304
Web page: http://ies.fsv.cuni.cz/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fau:fauart:v:59:y:2009:i:5:p:426-441. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lenka Herrmannova)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.