U.S. Venture Capital Meets Clean-Technology

Emanual Shachmurove () and Yochanan Shachmurove
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Emanual Shachmurove: Emanuel Shachmurove, Esq.

PIER Working Paper Archive from Penn Institute for Economic Research, Department of Economics, University of Pennsylvania

Abstract: Public concern over global climate change, resource depletion, and environmental degradation has amplified over the last several years, leading to increased demand for environmentally friendly products. Additionally, the price of Clean-Technology products has fallen. This paper examines venture capital investment in the Clean-Technology industry of the U.S. in 1995-2008. The paper explores the effects of macroeconomic variables, national venture capital investment and geography on Clean-Technology investment. The conclusion indicates the importance of geographical location in affecting Clean-Technology investment. A weak correlation between national venture capital and Clean-Technology investments raises the possibility of a more diversified investment portfolio.

Keywords: Venture Capital; Clean-Technology Industry; Economic Geography; Location; Environmental Economics; Sustainability; Industrial Sector (search for similar items in EconPapers)
JEL-codes: C12 D81 D92 E22 G12 G24 G3 M13 M21 O16 O3 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2009-04-01
New Economics Papers: this item is included in nep-ene, nep-ent and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:pen:papers:09-043

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