The Porter Hypothesis: Regulation and Productivity J. Laurent-Lucchetti University of Bern and Oeschger Center for Climate...
Lanoie, Patry, Lajeunesse, 2008. <ul><li>Macro data: 17 Sectors, Quebec manufacturing firms, 1985-1994. </li></ul><ul><li>...
Lanoie, Patry, Lajeunesse, 2008. <ul><li>Results:  </li></ul><ul><ul><li>Contemporaneous effect of env. regulation on prod...
Lanoie, Laurent-Lucchetti, Johnstone, Ambec, 2010.  <ul><li>Micro data: OECD, survey, 4200 firms among 7 countries.  </li>...
Lanoie, Laurent-Lucchetti, Johnstone, Ambec, 2010.
Lanoie, Laurent-Lucchetti, Johnstone, Ambec, 2010.  <ul><li>Results, test of various « version » of the Hypothesis: </li><...
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Jérémy Laurent-Lucchetti Presentation - The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness? June 2010

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Session 4: Effect of Environmental Regulation on Productivity and Competitivenes

Jérémy Laurent-Lucchetti

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Jérémy Laurent-Lucchetti Presentation - The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness? June 2010

  1. 1. The Porter Hypothesis: Regulation and Productivity J. Laurent-Lucchetti University of Bern and Oeschger Center for Climate Change
  2. 2. Lanoie, Patry, Lajeunesse, 2008. <ul><li>Macro data: 17 Sectors, Quebec manufacturing firms, 1985-1994. </li></ul><ul><li>Key feature: estimation of the dynamic effect. Impact of regulation at t on productivity at t+1. </li></ul><ul><li>Productivity : TFP (Macro), Regulation : investment in pollution-control equipment. </li></ul>
  3. 3. Lanoie, Patry, Lajeunesse, 2008. <ul><li>Results: </li></ul><ul><ul><li>Contemporaneous effect of env. regulation on productivity is negative . </li></ul></ul><ul><ul><li>Lagged effect is positive . </li></ul></ul><ul><ul><li>Effect stronger for firms exposed to international competition , and less pollutive firms. </li></ul></ul>
  4. 4. Lanoie, Laurent-Lucchetti, Johnstone, Ambec, 2010. <ul><li>Micro data: OECD, survey, 4200 firms among 7 countries. </li></ul><ul><li>Key feature: Rich and unique database, allows to disentangle and test for each element of the causality chain. </li></ul><ul><li>Results: </li></ul><ul><ul><li>Positive impact of regulation on green R&D investment. </li></ul></ul><ul><ul><li>Positive impact of green R&D Investment on profits. </li></ul></ul>
  5. 5. Lanoie, Laurent-Lucchetti, Johnstone, Ambec, 2010.
  6. 6. Lanoie, Laurent-Lucchetti, Johnstone, Ambec, 2010. <ul><li>Results, test of various « version » of the Hypothesis: </li></ul><ul><ul><li>Strong support for the « weak » version : environmental regulation stimulates environmental innovations </li></ul></ul><ul><ul><li>Qualified support for the «  narrow  » version : flexible environmental policy regimes => greater incentive to innovate. </li></ul></ul><ul><ul><li>No support for the «  strong  » version : negative impact overall of regulation on profits (caveat: static data). </li></ul></ul>

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