Environmental policy and R&D productivity: A case study from the Korean Emissions Trading Scheme

被引：1
作者：
Mo, Jung Youn [1 ]
机构：
[1] Chosun Univ, Dept Econ, 309 Pilmun Daero, Gwangju 61452, South Korea
来源：
SCIENCE AND PUBLIC POLICY | 2023年 / 50卷 / 01期
关键词：
R&D productivity; emissions trading schemes; environmental policy; carbon emissions; manufacturing industries; DEVELOPMENT EFFICIENCY; CARBON EMISSIONS; IMPACT; PERFORMANCE; INNOVATION;
D O I：
10.1093/scipol/scac053
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
This study investigates the relationship between emissions trading schemes and Research and Development (R&D) productivity based on data from manufacturing industries participating in the Korean Emissions Trading Scheme (KETS). First, this study estimates the total factor R&D productivity by industry, and it is confirmed that changes in R&D productivity vary across industries. The total factor R&D productivity in Korea has been decreasing, but the annual growth trend has been increasing rapidly due to the introduction of the KETS. Based on the estimated R&D productivity, panel data model estimation is executed to reveal the effect of environmental policy on R&D productivity. Empirical results confirm that environmental policy plays a vital role in promoting R&D productivity, and policy stringency affects R&D performance. The results also find that the environmental policy encourages enterprises to participate in KETS for improving R&D productivity.
引用
收藏
页码：120 / 128
页数：9
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