It follows from Hicks' induced innovation hypothesis that rising energy prices in the last two decades should have … induced energy-saving innovation. We formulate the hypothesis concretely using a product-characteristics model of energy … innovation in these products appears to be independent of energy prices and regulations, the evidence suggests that the direction …

After a boom and bust cycle in the early 2010s, venture capital (VC) investments are, once again, flowing towards green … VC initially did not prove successful in funding new clean energy technologies. Both lackluster demand and a lower … potential for outsized returns make clean energy firms less attractive to VC than startups in ICT or biotech. However, we find …

We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with … clean energy, which delays and can even permanently prevent the energy transition to zero carbon. We formalize and … quantitatively evaluate these forces using a benchmark model of directed technical change for the energy sector. Quantitatively, the …

I use U.S. patent data from 1970 to 1994 to estimate the effect of energy prices on energy-efficient innovations. Using …-side factors, such as scientific advancements that make new innovations possible. I find that both energy prices and the quality of …

We estimate an aggregate production function with constant elasticity of substitution between energy and a capital …/labor composite using U.S. data. The implied measure of energy-saving technical change appears to respond strongly to the oil … suggestive of a model of directed technical change, with low short-run substitutability between energy and capital/labor but …

, and an alternative which avoids potential bias arising from effect heterogeneity. Using data from Tennessee and Washington …

anticipation effects, along with more conventional predictions, using a quasi-experiment in Tennessee schools. Performance improves …

is still poorly understood. We analyze the local economic effects of branch campus openings in Tennessee and Texas, two …