 Does development in venture capital investments influence green growth?Technological Forecasting and Social Change, 2022, vol. 182, issue C Abstract: The present study applied dynamic panel threshold models to examine if development in the venture capital investments could lead to green growth using different stages of venture capital fundings as threshold variables, and panel data from 23 countries from 2007 to 2015. The study estimates show that 1 % increase in the Seed Capital on the national average would lead to an increase in the overall CO2 Productivity. Whereas a percent increase both in the early stage and later stage venture capital investments on the national average would lead to increases in the share of environmental related technology innovations and renewable energy supply. However, after controlling for “enhanced environmental policy”, seed capital and later stage venture capital investments are encouraged at the aggregate country level to increase CO2 productivity. Likewise, to increase the share of green technology innovation and renewable energy supply, venture capital investment is encouraged at the aggregate country level, at the later and early stages respectively. Keywords: Clean technology; Venture capital; Dynamic panel threshold regression; Green growth; Environmental policy strengthening (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:182:y:2022:i:c:s0040162522004024 DOI: 10.1016/j.techfore.2022.121878 Access Statistics for this article Technological Forecasting and Social Change is currently edited by Fred Phillips More articles in Technological Forecasting and Social Change from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.