Alessandra Colombelli, Jackie Krafft, Francesco Quatraro (UNS)
Eco-innovation and Firm Growth: Do Green Gazelles Run Faster? Microeconometric Evidence from a Sample of European Firms. WWWforEurope
Working Paper No. 88
WWWforEurope: Welfare, Wealth and Work for Europe, März 2015, 34 Seiten
Mit finanzieller Unterstützung von: Österreichische Forschungsförderungsgesellschaft mbH – Österreichische Austauschdienst-GesmbH
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 this 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.
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie