Renewable Energy Innovations in Europe: A Dynamic Panel Data Approach

Nadia Ayari (), Szabolcs Blazsek and Pedro Mendi
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Nadia Ayari: Facultad de Ciencias Económicas y Empresariales, Universidad de Navarra

No 11/09, Faculty Working Papers from School of Economics and Business Administration, University of Navarra

Abstract: We investigate the determinants of renewable energy R&D intensity and the impact of renewable energy innovations on firm performance, using several dynamic panel data models. We estimate these models using a large dataset of European firms of 19 different countries, with some patenting activity in areas related with renewable energies during the 1987-2007 period. The results that we obtain confirm our a prioris on the determinants of the rapid development of renewable energy R&D intensity during the last decades. Additionally, we find evidence that renewable patent intensity has significant dynamic impact on the stock market value of firms.

Keywords: R&D intensity; Stock market value; Patents; Count data; Dynamic panel data (search for similar items in EconPapers)
JEL-codes: C15 C31 C32 C33 C41 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2009-11-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Renewable energy innovations in Europe: a dynamic panel data approach (2012)
Journal Article: Renewable energy innovations in Europe: a dynamic panel data approach (2012)
Working Paper: Renewable energy innovations in Europe: A dynamic panel data approach (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:una:unccee:wp1109

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