GREEN GROWTH: IMPORTANT DETERMINANTS

Ghulam Samad · Rabia Manzoor

36 citations0/0 files storedThe Singapore Economic Review

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Intellectual Property and Patents Environmental Sustainability in Business Energy, Environment, Economic Growth

Abstract

We discuss the important determinants requires to develop green patents, which eventually reinforce green growth. The theoretical framework examined four elements, the enforcement of intellectual property rights (IPRs), research and development (R&D) expenditures, market size and environmental taxations. We empirically test the green patent data to test the interrelationship of green patents representing the green innovations and IPR, R&D expenditures, market size and environmental taxations. Keeping in view the availability of the data we studied 11 developed countries, which are Austria, Australia, Canada, France, Japan, Finland, Germany, Sweden, U.K and U.S. The panel data can better handled the technological change rather than the pure cross section or pure time series data. Therefore, this study used the Pooled Least Square estimation techniques like Fixed Effect Model (FEM) and random effect model (REM) for both balance period of 1995–2010 and unbalanced period from 1995–2010. We only interpreted the balance period results depicting the enforcement of IPRs has negative and significant impact on green patents while the R&D expenditures, market size and environmental taxations has positive and significant impact on the green patents e.g. development of green innovations. We believe that the enforcement of explanatory variables will eventually acquire green growth.

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References

1997Determinants of patent rights: A cross-national study 1990Benefits and Costs of Intellectual Property Protection in Developing Countries 1996The impact of intellectual property rights on foreign direct investment 2006ICT Innovation and Sustainability of the Transport Sector 2010Enhancing Developing Country Access to Eco-Innovation

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