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    The influence of public R&D and knowledge spillovers on the development of renewable energy sources: The case of the Nordic countries

    , Article Technological Forecasting and Social Change ; Volume 146 , 2019 , Pages 450-463 ; 00401625 (ISSN) Miremadi, I ; Saboohi, Y ; Arasti, M ; Sharif University of Technology
    Elsevier Inc  2019
    Abstract
    Energy innovation is a key requirement to limit global warming and tackle climate change in the years to come. A better understanding of the public R&D mechanism is likely to improve allocation of resources for energy innovation. Thus, the present paper evaluates the impacts of public R&D and knowledge spillovers on the development of renewable energy sources. To achieve this goal, knowledge flow has been modeled as a function of public R&D expenditures, cumulative knowledge stocks and knowledge spillovers. To show the application of the model, the Nordic countries as one of the pioneers in renewable technologies have been chosen. Results show the cumulative knowledge stock will increase to...