Productivity of innovation in biofuel technologies

Michelle Arnold, Joseph A. Tainter, Deborah Strumsky

Research output: Contribution to journalArticle

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.

LanguageEnglish (US)
Pages54-62
Number of pages9
JournalEnergy Policy
Volume124
DOIs
StatePublished - Jan 1 2019
Externally publishedYes

Fingerprint

Biofuels
biofuel
innovation
Innovation
Productivity
productivity
policy approach
Trademarks
policy

Keywords

  • Biofuels
  • Complexity
  • Energy
  • Energy policy
  • Innovation
  • Patents
  • R&D
  • USPTO

ASJC Scopus subject areas

  • Energy(all)
  • Management, Monitoring, Policy and Law

Cite this

Productivity of innovation in biofuel technologies. / Arnold, Michelle; Tainter, Joseph A.; Strumsky, Deborah.

In: Energy Policy, Vol. 124, 01.01.2019, p. 54-62.

Research output: Contribution to journalArticle

Arnold, Michelle ; Tainter, Joseph A. ; Strumsky, Deborah. / Productivity of innovation in biofuel technologies. In: Energy Policy. 2019 ; Vol. 124. pp. 54-62.
@article{6af63d28440b4303ba07ddda3fa2d8f0,
title = "Productivity of innovation in biofuel technologies",
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.",
keywords = "Biofuels, Complexity, Energy, Energy policy, Innovation, Patents, R&D, USPTO",
author = "Michelle Arnold and Tainter, {Joseph A.} and Deborah Strumsky",
year = "2019",
month = "1",
day = "1",
doi = "10.1016/j.enpol.2018.09.005",
language = "English (US)",
volume = "124",
pages = "54--62",
journal = "Energy Policy",
issn = "0301-4215",
publisher = "Elsevier BV",

}

TY - JOUR

T1 - Productivity of innovation in biofuel technologies

AU - Arnold, Michelle

AU - Tainter, Joseph A.

AU - Strumsky, Deborah

PY - 2019/1/1

Y1 - 2019/1/1

N2 - 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.

AB - 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.

KW - Biofuels

KW - Complexity

KW - Energy

KW - Energy policy

KW - Innovation

KW - Patents

KW - R&D

KW - USPTO

UR - http://www.scopus.com/inward/record.url?scp=85054203361&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85054203361&partnerID=8YFLogxK

U2 - 10.1016/j.enpol.2018.09.005

DO - 10.1016/j.enpol.2018.09.005

M3 - Article

VL - 124

SP - 54

EP - 62

JO - Energy Policy

T2 - Energy Policy

JF - Energy Policy

SN - 0301-4215

ER -