Walking the green line: government-sponsored R&D and clean technologies in the US
We examine whether government sponsored R&D induces the development of clean technologies with a high impact on subsequent technological development. The analysis uses information on USPTO patents granted between 2005 and 2015 and combines different methods to control for possible sorting of projects into public funding and for non-random (public) treatment. We also assess the distributional impact of government sponsored R&D. Results show that patents from public funded projects have a significantly larger impact and that this is particularly true for highly cited patents, thus supporting a role for technology-push policies in determining a clean technological transition.
Ciudad Politécnica de la Innovación
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Universidad Politécnica de Valencia | Camino de Vera s/n
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Francesco Rentocchini is Senior Economic Analyst at the European Commission Joint Research Centre (JRC) and Associate Professor in Business Economics and Innovation at the Department of Economics, Management and Quantitative Methods at the University of Milan (IT). He was previously Associate Professor in Strategy and Innovation at the University of Southampton (UK). His primary research area focuses on the two-way relationship between knowledge generation and technological innovation. His interests span a range of topics, including innovation in high-tech industries, environmental economics, growth and survival of startups and SMEs, as well as university-industry collaborations.