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

页码：120 / 128

页数：9

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