Green tangible investment strategies and export performance: A firm-level investigation

Roberto Antonietti, Alberto Marzucchi

Risultato della ricerca: Contributo in rivistaArticolo in rivista

22 Citazioni (Scopus)


In this paper we empirically investigate the relationship between investments in environmentally oriented equipment and firms' export performance. We adopt a two-stage model where we first estimate the impact of green tangible investment strategies (GTIS) on the level of productive efficiency (TFP), and then assess whether induced productivity influences the propensity and the intensity of exports. We rely on a rich firm-level dataset on Italian manufacturing. Our results show that firms with higher productivity, induced among other factors by green investments combining environmental and increased revenue objectives, achieve a higher export performance. In particular, GTIS-enhanced TFP affects the probability of exporting in foreign markets characterized by more stringent environmental regulation. Our evidence supports a ‘green-based’ firm heterogeneity argument.
Lingua originaleEnglish
pagine (da-a)150-161
Numero di pagine12
RivistaEcological Economics
Stato di pubblicazionePubblicato - 2014
Pubblicato esternamente


  • Green tangible investment strategy
  • Total factor productivity


Entra nei temi di ricerca di 'Green tangible investment strategies and export performance: A firm-level investigation'. Insieme formano una fingerprint unica.

Cita questo