Template-type: ReDIF-Paper 1.0
Author-Name: Quatraro, Francesco     
Author-Email: francesco.quatraro@unito.it  
Author-Name: Ricci, Andrea 
Author-Email: an.ricci@inapp.gov.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Heterogeneity of Green Expenditure, Firms’ Performances and Wages: Italian Evidence on Circular Economy, 
Resource-saving and Energy Efficiency Investments.
Abstract: This paper analyses the relationship between firms’ investment in green
technologies and competitive performance. At this aim, we take advantage of
new data on the adoption of different green technologies (circular economy,
technical advancements, energy savings, efficiency gains) from a large
representative sample of Italian firms. We find the following results. First,
overall green investment increases the sales per employee and average wages.
Second, we show a significant heterogeneity in the estimated effect across
different green technologies. These results are robust to an econometric
strategy that controls for a large set of observed characteristics, time-invariant
unobserved heterogeneity and endogeneity issues. In sum, our results support
the hypothesis that the ongoing ecological transformation of productive
processes may favor firms’ competitiveness but substantial heterogeneity still
matters. The policy implications are then discussed.
Length: pages 36
Creation-Date: 2023-12
File-URL: https://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2023dip/wp_21_2023.pdf
File-Format: Application/PDF
Handle: RePEc:uto:labeco:202305