Innovation in green energy technologies and the economic performance of firms

Arbeitspapier

In this article, I empirically analyze and compare the impact of innovation in green and non-green energy technologies on the economic performance of firms. My analysis is conducted on a panel of 8,619 patenting firms including 968 green energy patenters from 22 European countries over the period 2003 to 2010. I measure economic firm performance in terms of productivity and use a panel data model based on an extended Cobb-Douglas production function. My results show that green energy innovation has a statistically significant negative impact on economic firm performance. In contrast, nongreen energy innovation is shown to have a statistically significant positive impact on economic firm performance. These findings suggest that private economic returns in terms of productivity are lower for green energy than for non-green energy innovation.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: EWI Working Paper ; No. 16/02

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models ; Firm Performance: Size, Diversification, and Scope ; Innovation and Invention: Processes and Incentives ; Energy: General ; Environmental Economics: Technological Innovation
• Subject: green energy technologies ; innovation ; performance ; patents ; technological change

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kruse, Jürgen
• Event: Veröffentlichung
• (who): Institute of Energy Economics at the University of Cologne (EWI)
• (where): Köln
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/144861
• Last update: 10.03.2025, 11:42 AM CET