IDEAS home Printed from https://ideas.repec.org/a/sae/enejou/v38y2017i4p43-72.html

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

Author

Listed:
  • 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.

Suggested Citation

  • Tobias Stucki & Martin Woerter, 2017. "Green Inventions: Is Wait-and-see a Reasonable Option?," The Energy Journal, , vol. 38(4), pages 43-72, July.
    • Handle: RePEc:sae:enejou:v:38:y:2017:i:4:p:43-72
    DOI: 10.5547/01956574.38.4.tstu
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5547/01956574.38.4.tstu
    Download Restriction: no
    File URL: https://libkey.io/10.5547/01956574.38.4.tstu?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Zvi Griliches, 1998. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 17-45, National Bureau of Economic Research, Inc.
    2. Beise, Marian & Rennings, Klaus, 2005. "Lead markets and regulation: a framework for analyzing the international diffusion of environmental innovations," Ecological Economics, Elsevier, vol. 52(1), pages 5-17, January.
    3. Nick Johnstone & Ivan Haščič & David Popp, 2017. "Erratum to: Renewable Energy Policies and Technological Innovation: Evidence Based on Patent Counts," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(2), pages 441-444, October.
    4. repec:fth:harver:1473 is not listed on IDEAS
    5. David B. Audretsch, 1995. "Innovation and Industry Evolution," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011468, December.
    6. Giovanni Dosi, 1984. "Technical Change and Industrial Transformation," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-17521-5, October.
    7. Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002. "Unit root tests in panel data: asymptotic and finite-sample properties," Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dogah, Kingsley E. & Jiang, Shang & Kuscevic, Casto Martín Montero & Lim, King Yoong, 2025. "Environmental policy and distance to firms: An analysis of publicly listed firms in China," Energy Economics, Elsevier, vol. 144(C).
    2. Lim, King Yoong, 2024. "Heterogeneous environmental consciousness, carbon permit adoption, and endogenous growth: A case of China," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 734-751.
    3. He, Xiaoping & Dai, Wenbo, 2025. "The masking effect of green innovation: A study based on carbon market shocks," Energy Economics, Elsevier, vol. 141(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:aen:journl:ej38-4-stucki is not listed on IDEAS
    2. repec:aen:journl:ej37-1-stucki is not listed on IDEAS
    3. Marius Ley & Tobias Stucki & Martin Woerter, 2016. "The Impact of Energy Prices on Green Innovation," The Energy Journal, , vol. 37(1), pages 41-76, January.
    4. 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.
    5. Valeria Costantini & Francesco Crespi & Giovanni Marin & Elena Paglialunga, 2016. "Eco-innovation, sustainable supply chains and environmental performance in European industries," LEM Papers Series 2016/19, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    6. Heijs, Joost, 2003. "Freerider behaviour and the public finance of R&D activities in enterprises: the case of the Spanish low interest credits for R&D," Research Policy, Elsevier, vol. 32(3), pages 445-461, March.
    7. Francesco Nicolli & Francesco Vona & Lionel Nesta, 2012. "Determinants of Renewable Energy Innovation: Environmental Policies vs. Market Regulation," Working Papers 201204, University of Ferrara, Department of Economics.
    8. Henrik Braconier & Fredrik Sjöholm, 1998. "National and international spillovers from R&D: Comparing a neoclassical and an endogenous growth approach," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 134(4), pages 638-663, December.
    9. Durán-Romero, Gemma & López, Ana M. & Beliaeva, Tatiana & Ferasso, Marcos & Garonne, Christophe & Jones, Paul, 2020. "Bridging the gap between circular economy and climate change mitigation policies through eco-innovations and Quintuple Helix Model," Technological Forecasting and Social Change, Elsevier, vol. 160(C).
    10. Grafström, Jonas & Poudineh, Rahmat, 2023. "No evidence of counteracting policy effects on European solar power invention and diffusion," Energy Policy, Elsevier, vol. 172(C).
    11. Jaan Masso & Amaresh K Tiwari, 2021. "Productivity Implications Of R&D, Innovation And Capital Accumulation For Incumbents And Entrants: The Case Of Estonia," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 130, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    12. Imran Shah & Linyu He & Richard Hatfield & Mohamed Haroon, 2020. "Outward FDI: National and Regional Policy Implications for Technology Innovation," Department of Economics Working Papers 77/20, University of Bath, Department of Economics.
    13. Aldieri, Luigi & Bruno, Bruna & Makkonen, Teemu & Vinci, Concetto Paolo, 2023. "Environmental innovations, geographically mediated knowledge spillovers, economic and environmental performance," Resources Policy, Elsevier, vol. 81(C).
    14. Krammer, Marius Sorin, 2008. "International R&D spillovers in transition countries: the impact of trade and foreign direct investment," Kiel Advanced Studies Working Papers 446, Kiel Institute for the World Economy.
    15. Horbach, Jens & Rammer, Christian, 2018. "Energy transition in Germany and regional spill-overs: The diffusion of renewable energy in firms," Energy Policy, Elsevier, vol. 121(C), pages 404-414.
    16. Jürgen Antony & Thomas Grebel, 2012. "Technology flows between sectors and their impact on large-scale firms," Applied Economics, Taylor & Francis Journals, vol. 44(20), pages 2637-2651, July.
    17. Valeria Costantini & Valerio Leone Sciabolazza & Elena Paglialunga, 2023. "Network-driven positive externalities in clean energy technology production: the case of energy efficiency in the EU residential sector," The Journal of Technology Transfer, Springer, vol. 48(2), pages 716-748, April.
    18. Keld Laursen & Valentina Meliciani, 2000. "The importance of technology-based intersectoral linkages for market share dynamics," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(4), pages 702-723, December.
    19. Manel Kamoun & Ines Abdelkafi & Abdelfetah Ghorbel, 2019. "The Impact of Renewable Energy on Sustainable Growth: Evidence from a Panel of OECD Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(1), pages 221-237, March.
    20. Francesco Crespi & Claudia Ghisetti & Francesco Quatraro, 2015. "Taxonomy of Implemented Policy Instruments to Foster the Production of Green Technologies and Improve Environmental and Economic Performance. WWWforEurope Working Paper No. 90," WIFO Studies, WIFO, number 58131.
    21. Blandine Laperche, 2001. "Potentiel d'innovation des grandes entreprises et État, argumentation évolutionniste sur l'appropriation des informations scientifiques et techniques," Innovations, De Boeck Université, vol. 13(1), pages 61-85.
    22. Krammer, Sorin M.S., 2014. "Assessing the relative importance of multiple channels for embodied and disembodied technological spillovers," Technological Forecasting and Social Change, Elsevier, vol. 81(C), pages 272-286.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:enejou:v:38:y:2017:i:4:p:43-72. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.