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Persistent link: https://www.econbiz.de/10015069816
Stock and oil relationship is usually time-varying and depends on the current economic conditions. In this study, we propose a new Dynamic Stochastic Mixed data frequency sampling (DSM) copula model, that decomposes the stock-oil relationship into a short-run dynamic stochastic component and a...
Persistent link: https://www.econbiz.de/10013258038
. Under speed-dependent evolution, a patent-based system will fail to target socially optimal innovation size. The overall …
Persistent link: https://www.econbiz.de/10011591673
The US financial sector has become a magnet for the brightest graduates in the science, technology, engineering and mathematical fields (STEM). We provide quantitative bases for this anecdotal fact for the US, over the period 1980-2019 and with a specific focus on the last decade where...
Persistent link: https://www.econbiz.de/10013332194
Persistent link: https://www.econbiz.de/10012295194
produced by climate-economy models while introducing the dimension of uncertainty in innovation ef- forts, without succumbing … evaluating optimal near-term innovation investment portfolios in four key clean energy technologies (solar, biofuels … innovation to improve the performance of these technologies. We employ an IAM (WITCH) which has a fairly rich description of the …
Persistent link: https://www.econbiz.de/10011622101
Persistent link: https://www.econbiz.de/10000573308
energy R&D expenditures. Technological innovation is measured using patent counts for specific technologies related to energy …. -- Innovation ; Technological Change ; Patents ; Energy-Efficiency ; Buildings ; Environmental Policy …
Persistent link: https://www.econbiz.de/10008736817
This paper applies the Directed Technical Change (DTC) framework to study improvements in the efficiency of energy use. We present a theoretical model which (1) shows that the demand for energy is shifted down by innovations in energy intensive sectors and (2) highlights the drivers of...
Persistent link: https://www.econbiz.de/10011334550
technical change framework. Unilateral policies alter the structure of production and thereby innovation incentives across … countries. Whenever feasible, optimal policies implement sustainable growth by directing global innovation to the nonpolluting … sector. If nonparticipants drive global innovation, this requires policies relocating clean production to nonparticipants. A …
Persistent link: https://www.econbiz.de/10010485494