Technology learning in the presence of public R&D
the case of European wind power
Document identifier: oai:DiVA.org:ltu-7707
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10.1016/j.ecolecon.2010.07.002Keyword: Social Sciences,
Economics and Business,
Economics,
Samhällsvetenskap,
Ekonomi och näringsliv,
NationalekonomiPublication year: 2010Relevant Sustainable Development Goals (SDGs):
The SDG label(s) above have been assigned by OSDG.aiAbstract: The objective of this paper is to analyze the role of technology learning in European wind power generation in the presence of public R&D. A Cobb-Douglas cost function is employed to derive a learning curve model for wind power, thus illustrating how the investment costs for this technology are influenced by global learning-by-doing, scale effects, and a European R&D-based knowledge stock. We assume that public R&D expenses targeting wind power add to the above stock, and these R&D outlays are in turn hypothesized to be influenced by technology cost levels, the opportunity cost of public R&D as well as by government budget constraints. We estimate the learning and the R&D model, respectively, using a panel data set covering five European countries over the time period 1986-2002. The empirical results confirm the importance of both learning-by-doing and public R&D support in the cost reduction process, and governments' R&D expenses have declined in response to lowered investment costs. This is efficient in the sense that public funds are best targeted at technologies which are far from being commercial. The results also illustrate that governments in Europe have been sensitive to the opportunity cost of public R&D in the energy R&D budget process.
Authors
Kristina Ek
Other publications
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Patrik Söderholm
Luleå tekniska universitet; Samhällsvetenskap
Other publications
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identifier: oai:DiVA.org:ltu-7707
datestamp: 2021-04-19T12:21:06Z
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10.1016/j.ecolecon.2010.07.002
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titleInfo:
@attributes:
lang: eng
title: Technology learning in the presence of public R&D
subTitle: the case of European wind power
abstract: The objective of this paper is to analyze the role of technology learning in European wind power generation in the presence of public R&D. A Cobb-Douglas cost function is employed to derive a learning curve model for wind power thus illustrating how the investment costs for this technology are influenced by global learning-by-doing scale effects and a European R&D-based knowledge stock. We assume that public R&D expenses targeting wind power add to the above stock and these R&D outlays are in turn hypothesized to be influenced by technology cost levels the opportunity cost of public R&D as well as by government budget constraints. We estimate the learning and the R&D model respectively using a panel data set covering five European countries over the time period 1986-2002. The empirical results confirm the importance of both learning-by-doing and public R&D support in the cost reduction process and governments' R&D expenses have declined in response to lowered investment costs. This is efficient in the sense that public funds are best targeted at technologies which are far from being commercial. The results also illustrate that governments in Europe have been sensitive to the opportunity cost of public R&D in the energy R&D budget process.
subject:
@attributes:
lang: eng
authority: uka.se
topic:
Social Sciences
Economics and Business
Economics
@attributes:
lang: swe
authority: uka.se
topic:
Samhällsvetenskap
Ekonomi och näringsliv
Nationalekonomi
@attributes:
lang: eng
authority: ltu
topic: Economics
genre: Research subject
@attributes:
lang: swe
authority: ltu
topic: Nationalekonomi
genre: Research subject
language:
languageTerm: eng
genre:
publication/journal-article
ref
note:
Published
2
Validerad; 2010; 20100729 (ysko)
name:
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type: personal
authority: ltu
namePart:
Ek
Kristina
role:
roleTerm: aut
nameIdentifier:
krise
0000-0002-7199-7843
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type: personal
authority: ltu
namePart:
Söderholm
Patrik
role:
roleTerm: aut
affiliation:
Luleå tekniska universitet
Samhällsvetenskap
nameIdentifier:
patriks
0000-0003-2264-7043
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dateIssued: 2010
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titleInfo:
title: Ecological Economics
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0921-8009
1873-6106
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type: volume
number: 69
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type: issue
number: 12
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start: 2356
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