Scandinavian Working Papers in Economics
Working Paper Series in Economics and Institutions of Innovation,
Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies
No 470: Directed Technical Change in Clean Energy: Evidence from the Solar Industry
Hans Lööf (), Luis Perez () and Christopher F Baum ()
Additional contact information
Hans Lööf: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology
Luis Perez: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology
Christopher F Baum: Department of Economics, Boston College and Department of Macroeconomics
Abstract: This paper studies directed technical change and innovation in renewable energy. We construct panel data with micro- and macro observations from nearly 200 countries over a 20-year period and estimate how energy prices, government subsidies, financial markets, spillovers, and path dependence affect patenting in solar thermal and solar cells. Carbon taxes, R&D subsidies to solar technology and own-knowledge stocks have strong, significant positive effects on solar innovations. Subsidies to fossil energy have the adverse effect. We find no compelling evidence that the quality of financial markets and institutions has any consistent impact on the patenting activities of innovators in solar energy.
Keywords: Directed Technical Change; Climate Change; Innovation; Patents; Solar Energy.
64 pages, August 15, 2018
Full text files
cesiswp470.pdfFull text
- Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies
- Home page for this series
Questions (including download problems) about the papers in this series should be directed to Vardan Hovsepyan ()
Report other problems with accessing this service to Sune Karlsson ().
This page generated on 2024-02-21 12:08:40.