Abstract

http://ssrn.com/abstract=991411
 
 

References (11)



 
 

Citations (2)



 


 



Fueling the Innovative Process: Oil Prices and Induced Innovation in Automotive Energy-Efficient Technology


Daniel K. N. Johnson


Colorado College - Department of Economics and Business

Joseph M. Crabb


Colorado College - Department of Economics and Business

May 2007

Colorado College Working Paper No. 2007-04

Abstract:     
This paper tests the induced innovation hypothesis that higher oil prices will lead to increased innovation in energy-efficient automotive technology. We find robust empirical support for the hypothesis, while using various measures of oil and gas prices and controlling for other factors including constructed knowledge stocks and macroeconomic variables.

Number of Pages in PDF File: 18

Keywords: induced innovation, patent, oil, gas, automobile, energy,

JEL Classification: O3, Q4, Q55

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Date posted: June 6, 2007  

Suggested Citation

Johnson, Daniel K. N. and Crabb, Joseph M., Fueling the Innovative Process: Oil Prices and Induced Innovation in Automotive Energy-Efficient Technology (May 2007). Available at SSRN: http://ssrn.com/abstract=991411 or http://dx.doi.org/10.2139/ssrn.991411

Contact Information

Daniel Kent Neil Johnson (Contact Author)
Colorado College - Department of Economics and Business ( email )
Colorado Springs, CO 80903
United States
719-389-6654 (Phone)
719-389-6927 (Fax)
HOME PAGE: http://faculty1.coloradocollege.edu/~djohnson
Joseph M. Crabb
Colorado College - Department of Economics and Business ( email )
Colorado Springs, CO 80903
United States
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References:  11
Citations:  2

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