气候变化领域集成服务门户(CCPortal): The Impact of Intergovernmental Grants on Innovation in Clean Energy and Energy Conservation: Evidence from the American Recovery and Reinvestment Act

CCPortal

DOI	10.1016/j.enpol.2020.111923
	The Impact of Intergovernmental Grants on Innovation in Clean Energy and Energy Conservation: Evidence from the American Recovery and Reinvestment Act
	Lim T.; Tang T.; Bowen W.M.
发表日期	2021
ISSN	03014215
卷号	148
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
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
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205217
作者单位	Korea Research Institute for Local Administration, South Korea; Florida State UniversityFL, United States; Cleveland State UniversityOH, United States
推荐引用方式 GB/T 7714	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],2021,148.
APA	Lim T.,Tang T.,&Bowen W.M..(2021).The Impact of Intergovernmental Grants on Innovation in Clean Energy and Energy Conservation: Evidence from the American Recovery and Reinvestment Act.Energy Policy,148.
MLA	Lim T.,et al."The Impact of Intergovernmental Grants on Innovation in Clean Energy and Energy Conservation: Evidence from the American Recovery and Reinvestment Act".Energy Policy 148(2021).