Data and Code for: Induced Innovation, Inventors, and the Energy Transition
Principal Investigator(s): View help for Principal Investigator(s) Eugenie Dugoua, London School of Economics and Political Science; Todd Gerarden, Cornell University
Version: View help for Version V1
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Project Citation:
Dugoua, Eugenie, and Gerarden, Todd. Data and Code for: Induced Innovation, Inventors, and the Energy Transition. Nashville, TN: American Economic Association [publisher], 2025. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2025-01-27. https://doi.org/10.3886/E203961V1
Project Description
Summary:
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We study how individual inventors respond to incentives to work on ``clean'' electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term impacts of a price increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing clean inventors. New inventors are less responsive on the margin than their average contribution to clean energy patenting would indicate. Our results strengthen the rationale for government intervention to expedite the energy transition.
Scope of Project
JEL Classification:
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O31 Innovation and Invention: Processes and Incentives
Q40 Energy: General
Q55 Environmental Economics: Technological Innovation
O31 Innovation and Invention: Processes and Incentives
Q40 Energy: General
Q55 Environmental Economics: Technological Innovation
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