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Bioenergy innovation and energy policy
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Social Sciences.ORCID iD: 0000-0002-5194-4197
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Social Sciences.ORCID iD: 0000-0002-2031-6710
Number of Authors: 22015 (English)In: Economics of Innovation and New Technology, ISSN 1043-8599, E-ISSN 1476-8364, Vol. 24, no 8, p. 755-775Article in journal (Refereed) Published
Abstract [en]

Using panel data on 13 OECD countries between 1979 and 2008 this paper examines the affect climate and energy policies have had on the rate of biotechnology innovations. The explanatory variables include a vector of important determinants of patenting activity for biotechnologies (e.g. specific and general research and development expenditures, energy consumption, energy prices and total number of registered patents). Fixed effects are employed to capture unobservable country-specific heterogeneity using a negative binomial model. The empirical results indicate that policies are important for stimulating innovations in biotechnologies. The development of feed-in-tariffs (FITs) and the implementation of tradable green certificates have had a positive and statistically significant impact on patent activity. The economic impact of green certificates is found to be larger than that of FITs. In addition, R&D activities have also had a positive and statistically significant effect on innovation.

Place, publisher, year, edition, pages
2015. Vol. 24, no 8, p. 755-775
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:ltu:diva-16210DOI: 10.1080/10438599.2014.998862Scopus ID: 2-s2.0-84940440004Local ID: fcfc60e7-b5bc-42a8-8e7f-b23b3c3f0840OAI: oai:DiVA.org:ltu-16210DiVA, id: diva2:989186
Note

Validerad; 2015; Nivå 1; 20150129 (andbra)

Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2018-02-28Bibliographically approved

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Lundmark, RobertBäckström, Kristoffer

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