Technology-Based Growth Policies: The Case of North Carolina’s Green Business Fund

Michael Hall () and Albert Link
Additional contact information
Michael Hall: University of North Carolina at Greensboro, Department of Economics

No 15-1, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: U.S. technology-based initiatives at the state level continue to emphasize regional economic development and job growth. Many are now also focused on green technologies. This paper describes one such green program, the North Carolina Green Business Fund. Based on an analysis of 24 funded R&D projects in 2008 and 2009, we find that 59 new full-time equivalent jobs were created in the short run through this program. We also find that those organizations that can attract greater additional financial support for their research generate more jobs. Lastly, we find that university involvement in these projects tempers job losses among projects discontinued early as well as job growth among those that commercialized their technologies. We cautiously offer, because of limited data, recommendations to states with similar programs to create structures to advise technology-based research organizations about sources of additional financial resources.

Keywords: regional development; job growth; green technology; sustainability; technology; innovation (search for similar items in EconPapers)
JEL-codes: L26 O31 O33 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2015-02-09
New Economics Papers: this item is included in nep-ppm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://bae.uncg.edu/econ/files/2015/02/Hall-Link-working-Paper-15-01.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2015_001

Access Statistics for this paper

More papers in UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics UNC Greensboro, Department of Economics, PO Box 26170, Bryan Building 462, Greensboro, NC 27402. Contact information at EDIRC.
Bibliographic data for series maintained by Albert Link ().