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In this article, I empirically analyze and compare the impact of innovation in green and non-green energy technologies … innovation has a statistically significant negative impact on economic firm performance. In contrast, nongreen energy innovation … private economic returns in terms of productivity are lower for green energy than for non-green energy innovation. …
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Many countries, especially in Europe, have ambitious goals to transform their national energy systems towards renewable energies. Technological change in both renewable production and efficient use of energy can help to make these targets come true. Using a panel of German firms linked to the...
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