Cited by 212Energy, Environment, and Transportation PoliciesMarket Dynamics and VolatilityEnergy, Environment, Economic Growth

Induced Innovation and Energy Prices

Open access
Popp, David·2002·American Economic Review

Abstract

I use U.S. patent data from 1970 to 1994 to estimate the effect of energy prices on energy-efficient innovations. Using patent citations to construct a measure of the usefulness of the existing base of scientific knowledge, I consider the effect of both demand-side factors, which spur innovative activity by increasing the value of new innovations, and supply-side factors, such as scientific advancements that make new innovations possible. I find that both energy prices and the quality of existing knowledge have strongly significant positive effects on innovation. Furthermore, I show that omitting the quality of knowledge adversely affects the estimation results.

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Crossref · 10.1257/000282802760015658

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36 of 36 references verified0 citation errors · 0 not checkable

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Authors
Popp, D.
Affiliations
National Bureau of Economic Research (US)
Corresponding author
Popp, David
Venue
American Economic Review
Published
2002-02-01
Volume
92
Issue
1
Pages
160-180
ISSN
0002-8282 (ISSN-L)
OpenAlex
W2015597765
Cited by
206
References
36
Citations by year
2026: 2 · 2025: 5 · 2024: 6 · 2023: 28 · 2022: 6 · 2021: 6 · 2020: 8 · 2019: 10 · 2018: 2 · 2017: 5 · 2016: 6 · 2015: 11 · 2014: 14 · 2013: 19 · 2012: 18
FWCI
5.92
Type
journal article
Language
en
Open access
Locations
  • American Economic Review (publishedVersion)
  • National Bureau of Economic Research (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • SSRN Electronic Journal (submittedVersion)
Topics
  • Physical Sciences › Energy › Renewable Energy, Sustainability and the Environment › Energy, Environment, and Transportation Policies
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Market Dynamics and Volatility
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
Keywords
induced innovation, energy prices, energy innovation, energy efficiency

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