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U.S. Venture Capital Meets Clean-Technology

Emanuel Shachmurove


Yochanan Shachmurove

City University of New York, CUNY City College of New York - Department of Economics; The University of Pennsylvania - Department of Economics

April 1, 2009

PIER Working Paper No. 09-043

Public concern over global climate change, resource depletion, and environmental degradation has amplified over the last several years, leading to increased demand for environmentally friendly products. Additionally, the price of Clean-Technology products has fallen. This paper examines venture capital investment in the Clean-Technology industry of the U.S. in 1995-2008. The paper explores the effects of macroeconomic variables, national venture capital investment and geography on Clean-Technology investment. The conclusion indicates the importance of geographical location in affecting Clean-Technology investment. A weak correlation between national venture capital and Clean-Technology investments raises the possibility of a more diversified investment portfolio.

Number of Pages in PDF File: 10

Keywords: Venture Capital, Clean-Technology Industry, Economic Geography, Location, Environmental Economics, Sustainability, Industrial Sector

JEL Classification: C12, D81, D92, E22, G12, G24, G3, M13, M21, O16, O3

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Date posted: December 3, 2009  

Suggested Citation

Shachmurove, Emanuel and Shachmurove, Yochanan, U.S. Venture Capital Meets Clean-Technology (April 1, 2009). PIER Working Paper No. 09-043. Available at SSRN: http://ssrn.com/abstract=1515751 or http://dx.doi.org/10.2139/ssrn.1515751

Contact Information

Emanuel Shachmurove
Independent ( email )
56 Trent Road
Wynnewood, PA 19096
United States
Yochanan Shachmurove (Contact Author)
City University of New York, CUNY City College of New York - Department of Economics ( email )
160 Convent Avenue
New York, NY 10031
United States
212-650-6202 (Phone)
The University of Pennsylvania - Department of Economics ( email )
160 McNeil Building
3718 Locust Walk
Philadelphia, PA 19104
United States
215-898-1090 (Phone)
215-573-2057 (Fax)
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