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Alternative technology indexes in the offshore oil and gas industry

Author

Listed:
  • Shunsuke Managi
  • James Opaluch
  • Di Jin
  • Thomas Grigalunas

Abstract

R&D policies play an important role for developing technologies. Alternative technology indexes are tested to provide an improved understanding of technology index in the offshore oil and gas industry. The analysis compares ten alternative technology indexes including technology diffusion counts, importance-weighted diffusion, innovation counts, importance-weighted innovation, patent counts, importance-weighted patent counts, and a simple measure of time. It is found that utilizing weighted diffusion count as an index of technology is clearly superior to all other indexes. The results also show the time as an index of technology is clearly inferior to most other indexes.

Suggested Citation

  • Shunsuke Managi & James Opaluch & Di Jin & Thomas Grigalunas, 2006. "Alternative technology indexes in the offshore oil and gas industry," Applied Economics Letters, Taylor & Francis Journals, vol. 13(10), pages 659-663.
    • Handle: RePEc:taf:apeclt:v:13:y:2006:i:10:p:659-663
    DOI: 10.1080/13504850500401866
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    References listed on IDEAS

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    Cited by:

    1. Daniels, Bryce & Johnson, Daniel K.N., 2019. "More where that came from: Induced innovation in the american oil and gas sectors," Resources Policy, Elsevier, vol. 64(C).

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