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Environmental Regulations, Induced R&D, and Productivity: Evidence from Taiwan’s Manufacturing Industries

執筆者 Chih-Hai Yang, Yu-Hsuan Tseng, Chiang-Ping Chen
発行年月 2011年 11月
No. 2011-18
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内容紹介

This paper examines whether stringent environmental regulations induce more R&D and promote further productivity in Taiwan. Using an industry-level panel dataset for the 1997–2003 period, empirical results show that pollution abatement fees, a proxy for environmental regulations, is positively related to R&D expenditure, implying that stronger environment protection induces more R&D. On the other hand, pollution abatement capital expenditures do not have a statistically significant influence on R&D. Further evaluation of the influence of induced R&D by environment regulations on industrial productivity shows a significant positive association between them. This finding supports the Porter hypothesis that more stringent environmental regulations can lead to a possible “win-win” situation.