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U.S. Venture Capital Meets Clean-Technology

Author

Listed:
  • Emanuel Shachmurove

    () (Emanuel Shachmurove, Esq.)

  • Yochanan Shachmurove

    () (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.

Suggested Citation

  • Emanuel Shachmurove & Yochanan Shachmurove, 2009. "U.S. Venture Capital Meets Clean-Technology," PIER Working Paper Archive 09-043, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  • Handle: RePEc:pen:papers:09-043
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    More about this item

    Keywords

    Venture Capital; Clean-Technology Industry; Economic Geography; Location; Environmental Economics; Sustainability; Industrial Sector;

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G3 - Financial Economics - - Corporate Finance and Governance
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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