The Impact of Regulation on Environmental PerformanceAn Analysis for European Countries

  1. Javier Lucena Giraldo 1
  2. Ernesto Rodríguez-Crespo 1
  3. Juan Carlos Salazar-Elena 1
  1. 1 Universidad Autónoma de Madrid
    info

    Universidad Autónoma de Madrid

    Madrid, España

    ROR https://ror.org/01cby8j38

Journal:
Revista de economía mundial

ISSN: 1576-0162

Year of publication: 2024

Issue: 66

Pages: 109-128

Type: Article

DOI: 10.33776/REM.VI66.8051 DIALNET GOOGLE SCHOLAR lock_openArias Montano editor

More publications in: Revista de economía mundial

Abstract

This study provides new evidence on factors driving firms’ eco-innovation in the European Union based on data from the Community Innovation Survey for the years 2008 and 2014 for eleven European countries. Firstly, our findings reveal that the propensity to eco-innovate changes over time. Secondly, the propensity to eco-innovate is unequally distributed across sectors, given that it is concentrated in a few sectors. Thirdly, we find that sectoral behavior is strongly influenced by the taxonomy of green sectors introduced by the European Union, since the propensity to innovate is higher in the carbon leakage taxonomy than in the mitigation and adaptation taxonomy. These results provide further insights into the sectoral factors driving eco-innovation diffusion. Moreover, these findings are relevant to increase environmental stringency, as they contribute to the diffusion of eco-innovation across sectors, especially in those that do not innovate.

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Data source: Dialnet