U.S. Venture Capital Meets Clean-Technology
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
Date posted: December 3, 2009
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