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Technological Spillover Effects of State Renewable Energy Policy: Evidence from Patent Counts / Wancong Fu, Chong Li, Jan Ondrich, David Popp.
- Format:
- Book
- Author/Creator:
- Fu, Wancong.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w25390.
- NBER working paper series no. w25390
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Technological Spillover Effects of State Renewable Energy Policy
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2018.
- Summary:
- We examine the effect of in-state and out-of-state renewable energy policies on wind energy patenting. Using a semiparametric fixed-effects Tobit model, we regress patent counts on a series of policy variables within a state and a spatially weighted average for each of these policies implemented in other states. We develop a lower bound for the marginal effects and find important differences across policy types. For renewable portfolio standards, overall demand matters. Policies in other states increase innovation, but own-state policies do not. In contrast, for financial incentives such as tax incentives and subsidy policies, own-state policies induce innovation.
- Notes:
- Print version record
- December 2018.
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