2016/19 | LEM Working Paper Series | ||||||||||||||||
Eco-innovation, sustainable supply chains and environmental performance in European industries |
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Valeria Costantini, Francesco Crespi, Giovanni Marin and Elena Paglialunga |
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Keywords | |||||||||||||||||
eco-innovation, environmental performance, inter-sectoral linkages,
international spillovers, value chain, sustainable production,
governance systems
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Abstract | |||||||||||||||||
The introduction and adoption of green technologies are considered the
most cost effective way to reduce environmental pressure without
compromising economic competitiveness. The scientific literature has
emphasized the crucial role played by diffusion pathways of green
technologies along the supply value chain, but empirical quantitative
findings on the effectiveness of green technologies in improving
environmental performance are scarce. The objective of this paper is
to highlight the role of inter-sectoral linkages in shaping the
influence played by eco-innovations on sectoral environmental
performance. Empirical findings show that both the direct and indirect
effects of eco-innovations help reduce environmental stress and that
the strength of these impacts varies across the value chain depending
on the technology adopted and the type of pollutant under
scrutiny. The main implications we can deduce are that, first both
corporate and policy governance strategies should specifically address
the goal of maximizing environmental gains that can be achieved
through the development and adoption of clean technologies along the
supply chain, and second both strategies should be coordinated in
order to minimize the costs for reducing environmental pressures.
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