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Green Inventions: Is Wait-and-see a Reasonable Option?

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  • Tobias Stucki
  • Martin Woerter

Abstract

We analyze the potential of different knowledge stocks to decrease the technological gap between the leader in green technology inventions and its followers in order to identify if wait-and-see is a reasonable option to benefit from knowledge. Our econometric results indicate that it is difficult to decrease the technological gap and remain competitive in the generation of green technologies without timely accumulating green knowledge. Although effects from external green knowledge stocks also contribute to decrease the technological gap, the effects are moderate and they cannot compensate the lack of internal green competences. Non-green knowledge stocks even tend to increase the technological gap.

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  • Tobias Stucki & Martin Woerter, 2017. "Green Inventions: Is Wait-and-see a Reasonable Option?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    • Handle: RePEc:aen:journl:ej38-4-stucki
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    2. David Popp & Jacquelyn Pless & Ivan Haščič & Nick Johnstone, 2020. "Innovation and Entrepreneurship in the Energy Sector," NBER Chapters, in: The Role of Innovation and Entrepreneurship in Economic Growth, pages 175-248, National Bureau of Economic Research, Inc.
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    5. David Popp, 2019. "Environmental Policy and Innovation: A Decade of Research," NBER Working Papers 25631, National Bureau of Economic Research, Inc.
    6. David Popp, 2020. "Promoting Clean Energy Innovation," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(04), pages 30-35, January.
    7. Stucki, Tobias & Woerter, Martin, 2019. "The private returns to knowledge: A comparison of ICT, biotechnologies, nanotechnologies, and green technologies," Technological Forecasting and Social Change, Elsevier, vol. 145(C), pages 62-81.

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