Journal
RESEARCH POLICY
Volume 48, Issue 3, Pages 546-555Publisher
ELSEVIER
DOI: 10.1016/j.respol.2018.09.010
Keywords
Energy technologies; Green innovation; Energy costs; Energy input; Firm productivity
Categories
Funding
- Swiss National Science Foundation (SNSF) [P300P1_164602]
- Swiss National Science Foundation (SNF) [P300P1_164602] Funding Source: Swiss National Science Foundation (SNF)
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Firms will invest in green energy technologies only if these investments have an economic pay-off. Based on unique firm-level data from Austria, Germany, and Switzerland, we find that the marginal effect of investments in green energy technologies on productivity is positive only for the 19% of firms with the highest energy costs. These results have major implications for companies and policy makers regarding the design of green energy policies and incentives.
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