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Author
Ley, Marius
Stucki, Tobias
Wörter, Martin
Date
2013-08Type
- Working Paper
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Abstract
Based on patent data and industry specific energy prices for 18 OECD countries over 30 years we investigate on an industry level the impact of energy prices on green innovation activities. Our econometric models show that energy prices and green innovation activities are positively related and that energy prices have a significantly positive impact on the share of green innovations in non-green innovations. More concretely, our main model shows that a 10% increase of the average energy prices of the previous five years results in a 2.7% and 4.5% increase of the number of green innovations and the share of green innovations in non-green innovations, respectively. We also find that the impact of energy prices increases with an increasing lag between energy prices and innovation activities. Robustness tests confirm the main results Show more
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https://doi.org/10.3929/ethz-a-009922725Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF, ETH ZürichSubject
Environment; ECONOMETRICS AND ECONOMETRIC MODELS (OPERATIONS RESEARCH); MEMBER COUNTRIES OF THE OECD (ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT); NACHHALTIGKEIT (UMWELTSCHUTZ); ENERGY POLICY; OECD-MITGLIEDSLÄNDER (ORGANISATION FÜR WIRTSCHAFTLICHE ZUSAMMENARBEIT); PREISGESTALTUNG (HANDEL); ENERGIEPOLITIK; Energy prices; SUSTAINABILITY (ENVIRONMENTAL PROTECTION); ÖKONOMETRIE UND ÖKONOMETRISCHE MODELLE (OPERATIONS RESEARCH); Innovation; TECHNOLOGISCHE UND WISSENSCHAFTLICHE INNOVATIONEN; PRICE SETTING (TRADE); TECHNOLOGICAL AND SCIENTIFIC INNOVATIONSOrganisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
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