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Green investments and firm performance. ESRI Working Paper 672 July 2020.

Siedschlag, Iulia and Yan, Weijie (2020) Green investments and firm performance. ESRI Working Paper 672 July 2020. [Working Paper]

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    Abstract

    This paper examines the impact of firms’ green investments on a range of performance outcomes including the growth of output, employment, productivity, export intensity, and energy intensity. The analysis uses firm-level data from Ireland’s industry sector over the period 2008-2016. To identify causal effects, a difference-in-difference propensity score matching is implemented. In addition to average effects across all firms, we identify and quantify heterogenous effects for different groups of firms. Our results indicate that in the medium-term green investments have positive and statistically significant effects on firms’ performance. Taking into account firm heterogeneity, we find that the effects are stronger for firms which are larger, foreign-owned, more productive, and in low-tech industries. Taken together, this evidence suggests that environmental quality and firm performance go together.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > competition policy
    EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs > economic growth
    EU policies and themes > Policies & related activities > economic and financial affairs > trade policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Daniel Pennell
    Official EU Document: No
    Language: English
    Date Deposited: 13 Sep 2021 13:40
    Number of Pages: 28
    Last Modified: 13 Sep 2021 13:40
    URI: http://aei.pitt.edu/id/eprint/103575

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