Knowledge Spillovers from Clean Innovation: A Tradeoff between Growth and Climate?
30 Oct 2024
17:00 -18:00
Times are shown in local time.
Open to: All
Room W2.01 (Cambridge Judge Business School)
Trumpington St
Cambridge
CB2 1AG
United Kingdom
Join our Economics and Policy seminar
Speaker: Dr Dennis Verhoeven, SKEMA Business School
About the seminar topic
Allocating scarce public funds to clean R&D might mean forfeiting higher economic gains from supporting other sectors, creating a tradeoff between economic and environmental goals. Our analysis of knowledge spillovers – the primary pathway for growth via innovation policy – suggests no such tradeoff: subsidy return rates are higher in Clean than in most other fields.
But designing clean innovation policy based on national interests alone is inefficient, with EU-wide coordination boosting EU returns by 25% and global coordination raising worldwide returns by over 60%. Our analysis of cross-border knowledge spillovers suggests the EU could significantly benefit from US clean-focused policies like the Inflation Reduction Act.
Speaker bio
Dr Dennis Verhoeven is an assistant professor at the department of Knowledge, Technology, and Organisation (KTO) at SKEMA Business School. He is also a research associate of the Centre for Economic Performance at LSE and a research fellow at the department of Management, Strategy, and Innovation at KU Leuven, where he obtained his PhD in Applied Economics. Dr Verhoeven previously worked as a research officer at LSE, an FWO post-doctoral fellow at KU Leuven, and a Marie Curie Individual Fellow at Bocconi.
He is interested in the economics of innovation and science. His current work focuses on industrial policy, air pollution, knowledge diversity in teams, and the gender productivity gap in science. Earlier projects of his focused on radical innovation and the measurement of technological novelty.
Register
No registration required. If you have any questions about this seminar, please email Emily Brown.