Template-type: ReDIF-Paper 1.0
Author-Name: Alessandra Colombelli
Author-Email: alessandra.colombelli@polito.it
Author-Name: Jackie Krafft
Author-Email: Jackie.Krafft@gredeg.cnrs.fr
Author-Name: Francesco Quatraro
Author-Email: francesco.quatraro@unito.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Eco-innovation and firm growth: Do green gazelles run faster? Microeconometric evidence from a sample of European firms
Abstract: This paper investigates the impact of eco-innovation on firms’ growth processes, with a special focus on gazelles, 
i.e. firms’ showing higher growth rates than the average. In a context shaped by more and more stringent environmental 
regulatory frameworks, we posit that inducement mechanisms stimulate the adoption of green technologies, increasing the 
derived demand for technologies produced by upstream firms supplying eco-innovations. For these reason we expect the 
generation of green technologies to trigger sales growth. We use firm-level data drawn from the Bureau van Dijk Database, 
coupled with patent information obtained from the OECD Science and Technology Indicators. The results confirm that eco-innovations are
likely to augment the effects of generic innovation on firms’ growth, and this is particularly true for gazelles, which actually 
appear to run faster than the others.
Length: 33 pages
Creation-Date: 2015-03
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2015dip/wp_16_2015.pdf
File-Format: Application/PDF
Handle: RePEc:uto:labeco:201505