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Drivers of Cooperation in Innovation by Energy Firms in Spain

Author

Listed:
  • M. T. Costa-Campi

    (Chair of Energy Sustainability and Barcelona Institute of Economics (IEB), University of Barcelona)

  • N. Duch-Brown

    (Chair of Energy Sustainability and Barcelona Institute of Economics (IEB), University of Barcelona)

  • Jose Garcia-Quevedo

    (Chair of Energy Sustainability and Barcelona Institute of Economics (IEB), University of Barcelona)

Abstract

Innovation by energy firms is critical for facing the energy transition and the challenge of climate change. Innovation is a complex process, and firms increasingly resort to cooperation with other companies and institutions in their innovation activities. In the energy sector, suppliers have always played a very important role in the technological advances of this industry. The objective of this paper is to analyse the determinants for engagement in cooperation in innovation by energy firms. In this analysis, we distinguish by the type of partnership, whether suppliers or research organisations (universities and research centres). We consider the factors proposed by the industrial organisation literature and the reasons given for firms to innovate, to explain decisions to cooperate. For the empirical analysis, we use a sample of energy firms from the Spanish Technological Innovation Panel (PITEC) for the period 2004–2016. To carry out the estimations we use binary models for panel data. In order to correct for endogeneity of the relevant variables, some of which are binary, we have relied on the panel data version of the special regressor method. Our results show the important role of incoming spillovers and innovation objectives related to reducing the environmental impact and meeting environmental regulatory requirements to explain cooperation in innovation by energy firms.

Suggested Citation

  • M. T. Costa-Campi & N. Duch-Brown & Jose Garcia-Quevedo, 2024. "Drivers of Cooperation in Innovation by Energy Firms in Spain," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(12), pages 3387-3414, December.
    • Handle: RePEc:kap:enreec:v:87:y:2024:i:12:d:10.1007_s10640-024-00934-2
    DOI: 10.1007/s10640-024-00934-2
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    More about this item

    Keywords

    Energy; Cooperation; R&D; Innovation; Environment;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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