Do voluntary pollution reduction programs (VPRs) spur or deter environmental innovation? Evidence from 33/50

Carmen E. Carrión-Flores, Robert Innes, Abdoul G. Sam

Research output: Contribution to journalArticle

22 Scopus citations

Abstract

We study whether a government-sponsored voluntary pollution reduction program (VPR) promotes or deters the development of new environmental technologies that yield future emission reduction benefits. Using a panel of 127 U.S. manufacturing industries defined by 3-digit SIC classifications over the 1989-2004 period, we estimate impacts of industry-level participation in the 33/50 program, a VPR initiated by government regulators in 1991, on industry-level rates of environmental patenting. We find that higher rates of 33/50 program participation are associated with significant reductions in the number of successful environmental patent applications five to nine years after the program ended.

Original languageEnglish (US)
Pages (from-to)444-459
Number of pages16
JournalJournal of Environmental Economics and Management
Volume66
Issue number3
DOIs
StatePublished - Nov 1 2013
Externally publishedYes

Keywords

  • Count panel models
  • Environmental innovation
  • Regulatory enforcement
  • Voluntary environmental programs

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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