Effects of the reduction of pollution emissions on the economic performance of firms: an empirical analysis focusing on demand and productivity |
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| Authors: | Kimitaka Nishitani Shinji Kaneko Hidemichi Fujii Satoru Komatsu |
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| Institution: | 1. Graduate School for International Development and Cooperation, Hiroshima University, 1-5-1 Kagamiyama Higashi-Hiroshima Hiroshima, 739-8529, Japan;2. Graduate School of Environmental Studies, Tohoku University, 6-6-20 Aramaki-Aza-Aoba Aoba-ku, Sendai Miyagi 980-8579, Japan;1. Interfaculty Initiative in the Social Sciences, Kobe University, Japan;2. Graduate School of Fisheries Science and Environmental Studies, Nagasaki University, Japan;3. School of Economics and Finance, QUT Business School, Queensland University of Technology, Australia;4. Department of Urban and Environmental Engineering, School of Engineering, Kyushu University, Japan;5. Research Institute of Economy, Trade and Industry, 1-3-1, Kasumigaseki, Chiyoda-ku, Tokyo, 100-8901, Japan;1. Graduate School of Fisheries and Environmental Sciences, Nagasaki University, 1-14 Bunkyo-machi, Nagasaki 852-8521, Japan;2. Tsinghua University, 128 Shunde Building, Beijing, China;3. Urban Institute, Department of Urban and Environmental Engineering, School of Engineering, Kyushu University, 744 Motooka, Nishiku, Fukuoka 819-0395, Japan;4. QUT Business School, Queensland University of Technology, Level 8, Z Block, Gardens Point, 2 George St, Brisbane, QLD 4000, Australia;1. Graduate School of Environmental Studies, Tohoku University, 6-6-20 Aramaki-Aza-Aoba, Aoba-ku, Sendai 980-8579, Japan;2. School of Business, Management and Economics, The University of Sussex, Brighton BN1 9RH, United Kingdom |
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| Abstract: | This paper analyzes whether the reduction of pollution emissions improves a firm’s economic performance through the increase in sales to environmentally conscious customers and the cost reductions associated with the improvement in productivity. Because the selection of the control (end-of-pipe) or prevention (cleaner production) approach differently influences the effect through the improvement in productivity, this is also considered. Using panel data for Japanese manufacturing firms over the period 2002–2008, the findings indicate that firms that have reduced their pollution emissions can increase their economic performance through the increase in demand for their products and an improvement in productivity. However, the latter is conditional, and so the prevention approach is preferred. |
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