Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95245
Authors: 
El-Shagi, Makram
Michelsen, Claus
Rosenschon, Sebastian
Year of Publication: 
2014
Series/Report no.: 
DIW Discussion Papers 1371
Abstract: 
The impact of environmental regulation on technology diffusion and innovations is studied using a unique data set of German residential buildings. We analyze how energy efficiency regulations, in terms of minimum standards, affects energy-use in newly constructed buildings and how it induces innovation in the residential-building industry. The data used consists of a large sample of German apartment houses built between 1950 and 2005. Based on this information, we determine their real energy requirements from energy performance certificates and energy billing information. We develop a new measure for regulation intensity and apply a panel-error-correction regression model to energy requirements of low and high quality housing. Our findings suggest that regulation significantly impacts technology adoption in low quality housing. This, in turn, induces improvements in the high quality segment where innovators respond to market signals.
Subjects: 
environmental regulation
innovation
technology diffusion
residential real estate
energy efficiency
JEL: 
D2
Q4
R5
Document Type: 
Working Paper

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