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Stringency of regulation and innovation in waste management: an empirical analysis on EU countries

Stringency of regulation and innovation in waste management: an empirical analysis on EU countries AbstractThe transformation of waste into a valuable resource is a key process towards sustainable development and green growth and therefore represents a major concern for policy-makers. Technological innovation plays a crucial role in waste management and therefore understanding the way in which regulation may spur innovation in this domain constitute is crucial. This article aims at testing the weak version of the Porter hypothesis in waste management, by analysing the dynamic relationship between the stringency of environmental regulation and innovation in a European cross-country setting. Results confirm that the stringency of regulation positively affects innovation, but the effect is non-linear, suggesting the existence of an optimal cap to the stringency of regulation. Furthermore, the overall environmental conditions of the country, as well as the presence of highly polluting sectors hinder the development of environmental innovations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Industry & Innovation Taylor & Francis

Stringency of regulation and innovation in waste management: an empirical analysis on EU countries

Industry & Innovation , Volume 23 (7): 22 – Oct 2, 2016

Stringency of regulation and innovation in waste management: an empirical analysis on EU countries

Industry & Innovation , Volume 23 (7): 22 – Oct 2, 2016

Abstract

AbstractThe transformation of waste into a valuable resource is a key process towards sustainable development and green growth and therefore represents a major concern for policy-makers. Technological innovation plays a crucial role in waste management and therefore understanding the way in which regulation may spur innovation in this domain constitute is crucial. This article aims at testing the weak version of the Porter hypothesis in waste management, by analysing the dynamic relationship between the stringency of environmental regulation and innovation in a European cross-country setting. Results confirm that the stringency of regulation positively affects innovation, but the effect is non-linear, suggesting the existence of an optimal cap to the stringency of regulation. Furthermore, the overall environmental conditions of the country, as well as the presence of highly polluting sectors hinder the development of environmental innovations.

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References (40)

Publisher
Taylor & Francis
Copyright
© 2016 Informa UK Limited, trading as Taylor & Francis Group
ISSN
1469-8390
eISSN
1366-2716
DOI
10.1080/13662716.2016.1195253
Publisher site
See Article on Publisher Site

Abstract

AbstractThe transformation of waste into a valuable resource is a key process towards sustainable development and green growth and therefore represents a major concern for policy-makers. Technological innovation plays a crucial role in waste management and therefore understanding the way in which regulation may spur innovation in this domain constitute is crucial. This article aims at testing the weak version of the Porter hypothesis in waste management, by analysing the dynamic relationship between the stringency of environmental regulation and innovation in a European cross-country setting. Results confirm that the stringency of regulation positively affects innovation, but the effect is non-linear, suggesting the existence of an optimal cap to the stringency of regulation. Furthermore, the overall environmental conditions of the country, as well as the presence of highly polluting sectors hinder the development of environmental innovations.

Journal

Industry & InnovationTaylor & Francis

Published: Oct 2, 2016

Keywords: Waste management; innovation; regulation

There are no references for this article.