Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148986
Authors: 
Arvanitis, Spyros
Peneder, Michael
Rammer, Christian
Stucki, Tobias
Wörter, Martin
Year of Publication: 
2016
Series/Report no.: 
KOF Working Papers 417
Abstract: 
Based on representative firm-level survey data for the three countries Austria, Germany, and Switzerland, we investigate the effects of regulation, energy taxes, voluntary agreements, and subsidies, on the creation of green product innovations. Our data set allows us to distinguish between the supply-side effects (cost effects) and the demand-side effects of policy measures, which improves our understanding of the frequently observed positive net effect of policies. Controlling for the demand effect, taxes and regulations are negatively related with product innovations. Hence, if taxes and regulation do not trigger additional demand, they decrease the propensity to innovate. These effects are ameliorated for technologically very advanced firms and for firms with a high level of financial awareness. Subsidies and (partly) voluntary agreements are positively related with product innovations.
Subjects: 
Innovation
policy
demand
JEL: 
O30
O34
Q55
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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