2010
DOI: 10.1007/s13132-010-0032-5
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Impact of Renewable Energy Technology on the Economic Growth of the USA

Abstract: This paper analyzes the contributions and effects of technological innovation on the US economy. Two effects on multifactor productivity are studied: the effect of the R&D investment and the effect of the R&D investment in renewable energy technologies. A cointegration analysis is used in order to understand the dynamic relationship among variables in the short and long run. A model is built based on GPT theoretical assumptions and uses a data of 33 years of the US economy. The conclusions show that technologi… Show more

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Cited by 11 publications
(5 citation statements)
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“…Disruptive technologies often create a major threat mostly ignored by incumbents (Garces and Daim, 2012). New knowledge is an attribute of R&D, and thus, it is important for managers to continuously improve strategies based on prior knowledge and new challenges (De Massis et al, 2016;Petruzzelli, 2011).…”
Section: Managerial Implicationsmentioning
confidence: 99%
“…Disruptive technologies often create a major threat mostly ignored by incumbents (Garces and Daim, 2012). New knowledge is an attribute of R&D, and thus, it is important for managers to continuously improve strategies based on prior knowledge and new challenges (De Massis et al, 2016;Petruzzelli, 2011).…”
Section: Managerial Implicationsmentioning
confidence: 99%
“…Another comment we received was the price fluctuations in fossil based fuels such as natural gas was making predictions like ours a bit uncertain. Garces and Daim (2011) explored the impact of renewable energy on economic growth.…”
Section: Figure 3 Us Hydroelectric Energy Production and Linear Trend Linementioning
confidence: 99%
“…Other studies and analyses complement ours to provide a full answer. So analyses using multiple methods considering multiple issues such as technology roadmapping (Amer and Daim, 2010;Daim, Amer and Brenan, 2011); patent analyses (Daim, Iskin, Li, Zeilsdorf, Bayraktaroglu, Dereli and Durmusoglu, 2011); econometric theories (Garces and Daim, 2011); adoption theories (Iskin et al, 2011;Cowan and Daim, 2011); technology transfer (Jordan and Daim, 2011); mathematical programming (Daim, Estep, Dong Joon, Upadhyay, Yang and Bayraktaroglu, 2011); hierarchical decision models (Amer and Daim, 2011;Daim, Delay, Honnappa, Chiamsiri, Soysa and Cho, 2011;Daim, Lim, Gomez, Schwarz and Jovanovic, 2011); and benchmarking (Daim and Oliver, 2011) make up to a complete picture…”
Section: Synopsismentioning
confidence: 99%
“…Innovative activities have rapidly developed since the 21st century. Under the Patent Cooperation Treaty (PCT) system, the amount of global international patent filings grew from 100,000 in 2000 to 275,000 in 2020, basically keeping consistent with the growth of GDP, which implies that the world economic recovery is closely connected with technological innovation [1]. Thus, on the premise of the smooth functioning of the economy, using innovation investment to push on the upgrading of industrial structure to achieve sustained growth in the global economy is necessary, now more than ever.…”
Section: Introductionmentioning
confidence: 92%