 Public investments in sustainable technology: an evaluation of North Carolina's Green Business FundMichael J. Hall Economics of Innovation and New Technology, 2015, vol. 24, issue 5, 436-456 Abstract: North Carolina's Green Business Fund, a state-level sustainability-technology program, is evaluated in terms of net economic surplus. To conduct this evaluation, this paper develops and implements an economic model from which values of producer and consumer surplus can be measured. Data limitations drive modeling choices, namely the model must be applicable when the researcher is unable to decompose revenues into separate prices and quantities. The method used in this paper is an extension of one previously used to examine SBIR programs facing similar data limitations. An additional facet of the modeling method is a specification such that the presence of an existing technology can also be taken into account. This allows the evaluation to focus only on newly created surplus. The findings from this evaluation suggest that the Green Business Fund has resulted in a positive net social surplus and, when imposing an elasticity of demand drawn from the literature on other sustainability-based technologies, a benefit-to-cost ratio of above 2. Date: 2015 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:24:y:2015:i:5:p:436-456 Ordering information: This journal article can be ordered from DOI: 10.1080/10438599.2014.988502 Access Statistics for this article Economics of Innovation and New Technology is currently edited by Professor Cristiano Antonelli More articles in Economics of Innovation and New Technology from Taylor & Francis Journals |
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