Does conventional energy pricing induce innovation in renewable energy? New evidence from a nonlinear approach
Syed Badruddoza and
Applied Economic Perspectives and Policy, 2021, vol. 43, issue 2, 659-679
This article theoretically and empirically studies the association between research and development investments in renewable energy (RE) and oil prices at the country level. We find a positive and robust association between patent counts for RE and price of crude oil using a panel of 46 countries for 1991–2013 in a fixed‐effects hurdle Negative Binomial control function framework. Results suggest that net conventional energy importing countries are more likely to invest in RE when oil prices increase. Countries with more electricity production, less emissions, and greater energy utilization generate more RE patents per year. JEL CLASSIFICATION Q13; Q42; Q55
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wly:apecpp:v:43:y:2021:i:2:p:659-679
Access Statistics for this article
More articles in Applied Economic Perspectives and Policy from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().