Nuremberg Research Seminar in Economics on 27 October 2021 – Room 4.154
You are invited to join the weekly Nuremberg Research Seminar in Economics on 27 October 2021, from 13.15 to 14.45 pm. The seminar will be held in room Number LG 4.154. Florian Szücs (WU Vienna) will be talking about „Environmental Policies and Directed Technological Change“
More information can be found here:
We evaluate if and to which extent policy can steer innovation towards eco-friendly technologies. We construct a comprehensive dataset on sectoral green innovation and complement it with data on policies designed to address environmental market failures: environmental taxes, regulation, and R&D subsidies. All of these policy tools exert a positive effect on green innovation on average. However, we document substantial heterogeneities across regions and sectors. While we are unable to directly compare the cost-effectiveness of policies, we find that green innovation reacts most strongly to R&D subsidies.