The aim of the paper is to investigate the effect of environmental stringency on innovation and productivity using a … innovation can be one of the channels through which higher sectoral productivity can be reached. The main findings suggest that … downstream stringency is the most relevant driver for innovation and that most of the effect of regulation on productivity is …

incumbents are not willing or able to exploit. Accordingly, incumbent innovation determines exploitable knowledge externalities … for spinoffs while, at the same time, spinoffs are expected to influence incumbent innovation. To overcome this problem of … by spinoffs does, indeed, have a positive impact on incumbent innovation. …

innovation. Intellectual property rights protection allows the incumbent firms to capture part of the rents of commercial … generate new knowledge. This has a positive impact on entrepreneurship and innovation. However, after some point, further …

This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can … innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in …