Year: 2018
Type: dissertation
Abstract: The thesis comprises of three essays aimed at enhancing our understanding of the relationship of environmental policy, firms’ innovation and efficiency. In the first essay, we examine the direction of innovation in the U.S. metal industry with data envelopment analysis and how is it affected by the change in the price of fossil fuels. We provide evidence that there was a environmentally-biased innovation and it was driven by the expectations of energy prices. In the second essay, we examine the effect of environmental policy on efficiency state-level manufacturing in the U.S. We use instrumental variables to control for simultaneous causality and find that stringent policy enhanced the efficiency of the manufacturing sectors. In the third essay, we examine the Climate Change Levy on firms operating in four manufacturing sectors in the U.K. Our results show that Climate Change Levy increased efficiency. \n
Author: Balazs Stadler
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2901372551