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http://dx.doi.org/10.15266/KEREA.2022.31.4.481

Examining the Dynamic Effects of Eco-Innovation on the Exports of Environmentally-Friendly Products  

Hyunju Jeong (Department of Food and Resource Economics, Korea University)
Dong Hee Suh (Department of Food and Resource Economics, Korea University)
Publication Information
Environmental and Resource Economics Review / v.31, no.4, 2022 , pp. 481-503 More about this Journal
Abstract
This study examines how eco-innovation contributes to the exports of environmentally-friendly products using the dynamic panel model. The results reveal that the adjustment in the exports exists to recover the long-run equilibrium with sluggish adjustment speed. In addition, the results show that environmental patent applications and environment-related R&D expenditures are beneficial for enhancing the environmentally-friendly exports. While the environmental patent applications are associated only with an increase in the exports of products for resource management, the environmental R&D expenditures contribute to the exports of pollution management products, cleaner technologies and products, and resource management products. Moreover, as the long-run effects of eco-innovation on the exports become greater than the short-run effects, it appears that public eco-innovation is more likely to support future exports than private eco-innovation.
Keywords
Eco-innovation; Environmentally-friendly exports; Patent; R&D; Dynamic panel model;
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Times Cited By KSCI : 2  (Citation Analysis)
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