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Environmental regulation and innovation

an empirical study on K-REACH and CCA

MIN, Soyeon

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Abstract

This paper investigates the impact of K-REACH and CCA on innovation, based on the “weak” version of the Porter Hypothesis (PH), using both panels of manufacturing industries and firms in South Korea during 2011-2018. In 2015, South Korea newly enforced two stringent chemical regulations, the K-REACH and CCA to protect public health and the environment from chemical disasters. Given there are only very few relevant studies, our analysis will be the first attempt to examine the PH that a well-crafted environmental policy induces innovation activities of firms. Our empirical results are based on sequential adoption of the quasi-experimental method of Propensity Score Matching (PSM) and the Difference in Differences (DID) estimation as well as a standard panel regression. With the innovation activities being measured by R&D expenditure, the number of patent applications, entry rate of new firms and exit rate of existing firms, we find no evidence to support the PH.

Advisors
Kim, Dongseok
Department
KDI School, Master of Public Policy
Issue Date
2021
Publisher
KDI School
Description
Thesis(Master) -- KDI School: Master of Public Policy, 2021
Keywords
Environmental policy--Korea (South); Environmental law--Korea (South)
Contents
1. Introduction

2. Literature review

3. An overview of K-REACH and Chemicals Control Act (CCA)

4. Data and methods

5. Estimation results

6. Conclusion

7. Reference

8. Appendix
Pages
41 p
URI
https://archives.kdischool.ac.kr/handle/11125/42252
Type
Thesis
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