| Title |
Government R&D and green technology spillovers: the Chernobyl disaster as a natural experiment |
| ID_Doc |
31066 |
| Authors |
Orsatti, G |
| Title |
Government R&D and green technology spillovers: the Chernobyl disaster as a natural experiment |
| Year |
2024 |
| Published |
Journal Of Technology Transfer, 49, 2 |
| DOI |
10.1007/s10961-023-10000-6 |
| Abstract |
Using data on green patents filed at the European Patent Office from 1980 to 1984, this paper investigates the effect of increasing government R&D budget on green technology spillovers. Spillovers are measured with patent forward citations over the period 1981-1988. The level of government R&D budget is instrumented leveraging the unexpected occurrence of the Chernobyl nuclear accident-that exogenously pushed governments to reduce their energy-related R&D budgets-in a difference in differences setting. 2SLS results show that a 10% increase in government R&D increases by some 0.7% the number of citations received by green patents. Although positive and significant, the small magnitude of the estimated elasticity suggests that government R&D takes time to let innovation spillovers from green technologies to materialize with some relevance. Interestingly, increasing government R&D expenditures fosters green technology spillovers across traditional (non-green) fields and enlarges the technological breadth of inventions citing green patents. Overall, I conclude that government R&D fosters green knowledge spillovers, accelerates hybridization processes and favors technological diversification around green technologies. However, these positive effects seem to materialize at a slow pace. |
| Author Keywords |
Government R&D; Green innovation; Technology spillovers; Patent data; Natural experiment |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:000952279800001 |
| WoS Category |
Engineering, Industrial; Management |
| Research Area |
Engineering; Business & Economics |
| PDF |
https://link.springer.com/content/pdf/10.1007/s10961-023-10000-6.pdf
|