The economic benefits of early green innovation: Evidence from the automotive sector
The economic consequences for firms investing in green innovation, and therefore their incentives to innovate, are not well understood. This paper empirically assesses the economic returns on innovation in cleaner vehicles. The analysis uses data on passenger car market shares and patents for car ma...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2023
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| Schriftenreihe: | OECD Environment Working Papers
no.209 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The economic consequences for firms investing in green innovation, and therefore their incentives to innovate, are not well understood. This paper empirically assesses the economic returns on innovation in cleaner vehicles. The analysis uses data on passenger car market shares and patents for car manufacturers operating in eight countries for the period 2005-2021. The results show that, when vehicle fuel prices increase, firms having previously successfully filed patents related to both electric and hybrid vehicles and fuel efficiency experience an increase in their market share. This increase takes place between 7 and 8 years after the patent stock is accumulated for patents related to electric and hybrid vehicles and between 8 and 15 years for patents related to fuel efficiency. The analysis also finds that in contexts where fuel price salience is high, price increases generate larger and earlier competitiveness returns for firms having previously invested in cleaner technologies. |
| Beschreibung: | 1 Online-Ressource (61 p.) 21 x 28cm. |
| DOI: | 10.1787/c13d5d61-en |
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| spelling | Agnelli, Alberto VerfasserIn aut The economic benefits of early green innovation Evidence from the automotive sector Alberto, Agnelli, Hélia, Costa and Damien, Dussaux Paris OECD Publishing 2023 1 Online-Ressource (61 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Environment Working Papers no.209 The economic consequences for firms investing in green innovation, and therefore their incentives to innovate, are not well understood. This paper empirically assesses the economic returns on innovation in cleaner vehicles. The analysis uses data on passenger car market shares and patents for car manufacturers operating in eight countries for the period 2005-2021. The results show that, when vehicle fuel prices increase, firms having previously successfully filed patents related to both electric and hybrid vehicles and fuel efficiency experience an increase in their market share. This increase takes place between 7 and 8 years after the patent stock is accumulated for patents related to electric and hybrid vehicles and between 8 and 15 years for patents related to fuel efficiency. The analysis also finds that in contexts where fuel price salience is high, price increases generate larger and earlier competitiveness returns for firms having previously invested in cleaner technologies. Environment Transport Industry and Services Costa, Hélia MitwirkendeR ctb Dussaux, Damien MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/c13d5d61-en Volltext |
| spellingShingle | Agnelli, Alberto The economic benefits of early green innovation Evidence from the automotive sector Environment Transport Industry and Services |
| title | The economic benefits of early green innovation Evidence from the automotive sector |
| title_auth | The economic benefits of early green innovation Evidence from the automotive sector |
| title_exact_search | The economic benefits of early green innovation Evidence from the automotive sector |
| title_full | The economic benefits of early green innovation Evidence from the automotive sector Alberto, Agnelli, Hélia, Costa and Damien, Dussaux |
| title_fullStr | The economic benefits of early green innovation Evidence from the automotive sector Alberto, Agnelli, Hélia, Costa and Damien, Dussaux |
| title_full_unstemmed | The economic benefits of early green innovation Evidence from the automotive sector Alberto, Agnelli, Hélia, Costa and Damien, Dussaux |
| title_short | The economic benefits of early green innovation |
| title_sort | economic benefits of early green innovation evidence from the automotive sector |
| title_sub | Evidence from the automotive sector |
| topic | Environment Transport Industry and Services |
| topic_facet | Environment Transport Industry and Services |
| url | https://doi.org/10.1787/c13d5d61-en |
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