Low Carbon Economy

Volume 2, Issue 2 (June 2011)

ISSN Print: 2158-7000   ISSN Online: 2158-7019

Google-based Impact Factor: 1  Citations  

Energy Efficiency Regulation and R&D Activity:A Study of the Top Runner Program in Japan

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DOI: 10.4236/lce.2011.22012    4,906 Downloads   11,104 Views  Citations

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ABSTRACT

The Top Runner Program, a new approach to enhancing the energy efficiency of appliances and vehicles, has been in-troduced in Japan. In this paper an empirical analysis of the impact of the program and the labeling systems on firms’ R&D efforts is carried out. The results show that the Top Runner Program and the labeling system for appliances led to increases in R&D expenditures by appliance producers. The program combined with the labeling system caused a 9.5% increase in appliance producers’ R&D expenditures. However, the Top Runner Program and the labeling system for motor vehicles had little or even a negative effect on the innovative activity of motor vehicle manufacturers. R&D ex-penditures by motor vehicle producers may have increased in response to the exhaust gas regulation for diesel-powered vehicles rather than the energy efficiency regulation.

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Hamamoto, M. (2011) Energy Efficiency Regulation and R&D Activity:A Study of the Top Runner Program in Japan. Low Carbon Economy, 2, 91-98. doi: 10.4236/lce.2011.22012.

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