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

Alberto Marzucchi, Roberto Antonietti

Risultato della ricerca: Contributo in rivistaArticolo in rivista

22 Citazioni (Scopus)

Abstract

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
Volume108
DOI
Stato di pubblicazionePubblicato - 2014
Pubblicato esternamente

Keywords

  • Green tangible investment strategy
  • Total factor productivity

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