Article
Productivity of innovation in biofuel technologies
Energy Policy
(2019)
Abstract
Biofuels are a regular focus of public policy. The productivity of innovation in biofuel technologies is rarely addressed either in research or policy. Yet as innovation in any field grows complex and costly it can experience reductions in productivity and diminishing returns to investments. We examine here the productivity of investments in the technologies used to produce biofuels, using data from the U.S. Patent and Trademark Office. The results show that the productivity of innovation in biofuel technologies is declining. Continuation of this trend will in time force reductions in research investments in biofuel technologies. We discuss policy approaches to address declining returns to research investments.
Disciplines
Publication Date
2019
DOI
https://doi.org/10.1016/j.enpol.2018.09.005
Citation Information
Joseph Tainter. "Productivity of innovation in biofuel technologies" Energy Policy Vol. 124 (2019) p. 54 - 62 Available at: http://works.bepress.com/joseph_tainter/320/