Abstract
What drives firms’ investments in green R&D? We use Organisation for Economic Cooperation and Development facility-level data to address three main questions, namely, (1) the relationship between R&D and green R&D at the firm level, (2) whether investments in R&D at the industry level can be perceived as complementary to firm-specific investments in green R&D, and (3) whether market uncertainty and capital obsolescence affect microdecisions concerning the introduction of green technology. We find that facility-level R&D intensity and industry-level R&D intensity reinforce one another in enhancing green R&D investments at the facility level, thereby suggesting the presence of positive R&D spillovers. (JEL D21, O14)
This article requires a subscription to view the full text. If you have a subscription you may use the login form below to view the article. Access to this article can also be purchased.
Log in using your username and password
Purchase access
In this issue
Jump to section
Related Articles
Cited By...
- No citing articles found.