Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125740
Authors: 
Colombelli, Alessandra
Krafft, Jackie
Quatraro, Francesco
Year of Publication: 
2015
Series/Report no.: 
WWWforEurope Working Paper 88
Abstract: 
This paper investigates the impact of eco-innovation on firms’ growth processes, with a special focus on gazelles, i.e. firms’ showing higher growth rates than the average. In a context shaped by more and more stringent environmental regulatory frameworks, we posit that inducement mechanisms stimulate the adoption of green technologies, increasing the derived demand for technologies produced by upstream firms supplying eco-innovations. For these reason we expect the generation of green technologies to trigger sales growth. We use firm-level data drawn from the Bureau van Dijk Database, coupled with patent information obtained from the OECD Science and Technology Indicators. The results confirm that eco-innovations are likely to augment the effects of generic innovation on firms’ growth, and this is particularly true for gazelles, which actually appear to run faster than the others.
Subjects: 
Gazelles
Eco-Innovation
firms’ growth
Inducement mechanisms
derived demand
WIPO Green Inventory
JEL: 
L10
L20
O32
O33
Q53
Q55
Document Type: 
Working Paper
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