DOI: 10.1016/j.enpol.2020.111923
论文题名: The Impact of Intergovernmental Grants on Innovation in Clean Energy and Energy Conservation: Evidence from the American Recovery and Reinvestment Act
作者: Lim T. ; Tang T. ; Bowen W.M.
刊名: Energy Policy
ISSN: 03014215
出版年: 2021
卷: 148 语种: 英语
中文关键词: American Recovery and Reinvestment Act (ARRA)
; Clean energy innovation
; Energy efficiency and renewable energy
; Intergovernmental grants
英文关键词: Energy efficiency
; Regression analysis
; Delivery systems
; Energy efficiency technologies
; Innovative activities
; Instrumental variables
; New energy technologies
; Renewable energies
; Research questions
; Technology fields
; Investments
; alternative energy
; energy conservation
; energy efficiency
; innovation
英文摘要: President Barack Obama signed the American Recovery and Reinvestment Act (ARRA) into law in 2009. It awarded massive temporary funding for the objective of reviving the national economy. The purpose of this research was to evaluate the effectiveness of some of the ARRA funds in terms of stimulating innovative activities specifically in renewable energy and energy efficiency technologies. The research question was about whether federal ARRA expenditures issued through decentralized state and local intergovernmental grant programs and designed to spur new energy technologies effectively achieved their legislatively stated objectives. The analysis was based upon a first differenced regression model with instrumental variables using data from 2005 to 2015. The analytical evidence indicates that all else held equal, the ARRA funds successfully stimulated innovative activities in these technology fields. We conclude that a decentralized delivery system conducted through intergovernmental grants can effectively allocate federal expenditures for promoting innovative activity in energytechnology-related fields. We also suggest that short-term and temporary funds such as those supplied by the ARRA can provide a positive longerterm return vis-a-vis innovative activity in these fields. © 2020 Elsevier Ltd Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167893
Appears in Collections: 气候变化与战略
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作者单位: Korea Research Institute for Local Administration, South Korea; Florida State UniversityFL, United States; Cleveland State UniversityOH, United States
Recommended Citation:
Lim T.,Tang T.,Bowen W.M.. The Impact of Intergovernmental Grants on Innovation in Clean Energy and Energy Conservation: Evidence from the American Recovery and Reinvestment Act[J]. Energy Policy,2021-01-01,148