Green R&D, Technology Spillovers, and Market Uncertainty: An Empirical Investigation
利用OECD设施层面数据，研究了企业绿色研发投资的驱动因素，发现设施层面和行业层面的研发强度相互促进绿色研发投资，表明存在正向研发溢出。
What drives firms’ investments in green R&D? We use Organisation for Economic Cooperation and Development facility-level data to address three main questions, namely, (1) the relationship between R&D and green R&D at the firm level, (2) whether investments in R&D at the industry level can be perceived as complementary to firm-specific investments in green R&D, and (3) whether market uncertainty and capital obsolescence affect microdecisions concerning the introduction of green technology. We find that facility-level R&D intensity and industry-level R&D intensity reinforce one another in enhancing green R&D investments at the facility level, thereby suggesting the presence of positive R&D spillovers. <i></i>