Journal
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
Volume 65, Issue 2, Pages 290-309Publisher
ACADEMIC PRESS INC ELSEVIER SCIENCE
DOI: 10.1016/j.jeem.2012.07.002
Keywords
Carbon dioxide; Japan; Firms; Spatial; Formal and informal regulations
Categories
Funding
- Grants-in-Aid for Scientific Research [21243021, 22243023, 25285080] Funding Source: KAKEN
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In order to gain a greater understanding of firms' environmental behaviour' this paper explores the factors that influence firms' emissions intensities and provides the first analysis of the determinants of firm level carbon dioxide (CO2) emissions. Focussing on Japan, the paper also examines whether firms' CO2 emissions are influenced by the emissions of neighbouring firms and other possible sources of spatial correlation. Results suggest that size, the capital-labour ratio, R&D expenditure, the extent of exports and concern for public profile are the key determinants of CO2 emissions. Local lobbying pressure, as captured by regional community characteristics, does not appear to play a role, however emissions are found to be spatially correlated. This raises implications for the manner in which the environmental performance of firms is modelled in future. (C) 2013 Elsevier Inc. All rights reserved.
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