Knowledge Agora



Scientific Article details

Title The impact of green innovation on energy intensity: An empirical analysis for 14 industrial sectors in OECD countries
ID_Doc 30919
Authors Wurlod, JD; Noailly, J
Title The impact of green innovation on energy intensity: An empirical analysis for 14 industrial sectors in OECD countries
Year 2018
Published
DOI 10.1016/j.eneco.2017.12.012
Abstract This paper analyses the impact of green innovation on energy intensity in a set of 14 industrial sectors in 17 OECD countries over the 1975-2005 period. We create a stock of green patents for each industrial sector and estimate a translog cost function to measure the impact of green innovation on energy intensity, next to other factors such as input substitution and autonomous technical change. We find that green innovation has contributed to the decline in energy intensity in the majority of sectors: the median elasticity of energy intensity with respect to green patenting is estimated at -0.03 in our sample. Hence, a 1% increase in green patenting activities in a given sector is associated with a 0.03% decline in energy intensity. The magnitude of the effect is robust across various specifications and is larger in more recent years. A decomposition exercise shows that, overall, half of the decrease in energy intensity over the sample period is related to changes in input prices and half to changes in production technologies. (C) 2018 Elsevier B.V. All rights reserved.
Author Keywords Energy intensity; Green innovation; Patents; Technology; Cost function
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Social Science Citation Index (SSCI)
EID WOS:000431159100004
WoS Category Economics
Research Area Business & Economics
PDF http://repec.graduateinstitute.ch/pdfs/ciesrp/CIES_RP_42.pdf
Similar atricles
Scroll