Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/110906
Authors: 
Emam, Sherief
Grebel, Thomas
Year of Publication: 
2014
Series/Report no.: 
Ilmenau Economics Discussion Papers 91
Abstract: 
In this paper we investigate the impact of rising energy prices on technological progress in the market for renewable energies. We use patent data of OECD countries from 1970 to 2010 and test the impact of oil prices on the innovative success of countries; R&D, investment activities, electricity consumption, etc. are used as control variables. We compare several models such as Pooled Mean Group (PMG), Mean Group (MG), Count data (CD) and Dynamic fixed effects (DFE) models to distinguish short and long-term effects. The preliminary results show that increasing energy prices seem to encourage innovation in renewable energy technologies.
Subjects: 
Renewable Energy
Heterogeneous Dynamic Panel Data
Technological Progress
JEL: 
Q55
C23
Document Type: 
Working Paper

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