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Author Wangler, Leo
Source EconStor
Content type Text
Publisher Univ. [u.a.]
File Format PDF
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword Renewable Energies ♦ Demand Pull ♦ Structural Change ♦ Regenerative Energie ♦ Innovationsdiffusion ♦ Energiewirtschaft ♦ Förderung regenerativer Energien ♦ Forschungs- und Technologiepolitik ♦ Nachfrage ♦ Elektrizitätsrecht ♦ Wirkungsanalyse ♦ Deutschland ♦ Industrial Policy; Sectoral Planning Methods ♦ Innovation and Invention: Processes and Incentives ♦ Management of Technological Innovation and R&D ♦ Sustainable Development ♦ Environmental Economics
Abstract This study is about structural change in the energy system. In a first step an econometric model is presented and in a second step diffusion of GTs is embedded theoretically. By focusing on different green technology industries (GT sector) in Germany, we analyze how policy induced demand stimulates innovation. Taking the size of the market as a proxy for demand and patent counts as a proxy for innovation, we find support that the presence of institutions enabling diffusion of GTs are correlated with innovative activity. Public R&D expenditures also play a significant role. We additionally control for a structural break by comparing the two institutional settings incorporated into the legal system in Germany, namely the Stromeinspeisegesetz (SEG) and the Erneuerbare Energiengesetz (EEG). We cannot find support for the supposition that innovative activity significantly differs for diffusion under the SEG and EEG. The empirical findings also show that electricity prices are not the driving force for innovative activity within the GT sector. The discussion at the end of the paper comes to the result that diffusion of GTs - under the EEG - is difficult to be justified theoretically.
Part of series Jena economic research papers x2010,002
Learning Resource Type Article
Publisher Date 2010-01-01
Publisher Place Jena
Rights Holder http://www.econstor.eu/dspace/Nutzungsbedingungen