The impact of energy prices on green innovation

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: KOF Working Papers ; No. 340

Classification and Topics

• Classification: Wirtschaft ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Intellectual Property and Intellectual Capital ; Environmental Economics: Technological Innovation
• Subject: Innovation ; environment ; energy prices ; Energiepreis ; Industrielle Forschung ; Nachhaltige Entwicklung ; OECD-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ley, Marius Christian ; Stucki, Tobias ; Woerter, Martin
• Event: Veröffentlichung
• (who): ETH Zurich, KOF Swiss Economic Institute
• (where): Zurich
• (when): 2013

Further information

• DOI: doi:10.3929/ethz-a-009922725
• Handle: http://hdl.handle.net/10419/80816
• Last update: 10.03.2025, 11:42 AM CET