Comparing green performances of Italian and German firms
This paper analyses the environmental efficiency of a sample of chemical firms located in Italy and Germany, which are included in the European Pollution Emission and Transfer Register (E-PRTR). The adoption of a common set of standards can open important way to compare economical and ecological performances of firms which must follow the same formal rule, but operating in different countries. The Directional Distance Function (DDF) approach is here applied to obtain global efficiency scores able to consider pollution in computations: emissions generally increase between 2004 and 2007, with a worse performance of Italian ?rms. Eco-ef?ciency indicators partially slim down that evidence considering both turnover and input usage, underlining a reduction of average inef?ciencies over time. From a dynamic viewpoint empirical ?ndings shows a most favourable trends in environmental TFP growth for German ?rms.
|Length:||19 pages Keywords : Environmental Efficiency, Porter’s Hypothesis, Chemical industry|
|Date of creation:||Dec 2012|
|Date of revision:|
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- Picazo-Tadeo, Andres J. & Reig-Martinez, Ernest & Hernandez-Sancho, Francesc, 2005. "Directional distance functions and environmental regulation," Resource and Energy Economics, Elsevier, vol. 27(2), pages 131-142, June.
- Fare, Rolf & Grosskopf, Shawna & Weber, William L., 2006. "Shadow prices and pollution costs in U.S. agriculture," Ecological Economics, Elsevier, vol. 56(1), pages 89-103, January.
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