Arbeitspapier

The impact of energy prices on green innovation

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.

Language
Englisch

Bibliographic citation
Series: KOF Working Papers ; No. 340

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

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

DOI
doi:10.3929/ethz-a-009922725
Handle
Last update
2025-03-10T11:42:00+0100

Data provider

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Object type

  • Arbeitspapier

Associated

  • Ley, Marius Christian
  • Stucki, Tobias
  • Woerter, Martin
  • ETH Zurich, KOF Swiss Economic Institute

Time of origin

  • 2013

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