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E.E.Gasimzade: Influence of oil prices on innovation in renewable energy sector


                    renewable energy policies, but in short term the effect is higher than 2 years‟ term.
                         As conclusion, although some other factors should be researched further – like
                    patent  history  of  companies  (whether  they  keep  their  innovation  levels)  or
                    government  policies,  renewable  energy  sector  in  terms  of  innovation  seems  to  be
                    influenced by oil prices.
                         References
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                    3.  https://www.lazard.com/media/2392/lazard-s-levelized-cost-of-energy-analysis-
                       90-key-findings.pdf
                    4.  OECD (2016), “Renewable energy”, in OECD Factbook 2015-2016: Economic,
                       Environmental and Social Statistics, OECD Publishing, Paris.
                    5.  http://fs-unep-centre.org/publications/global-trends-renewable-energy-
                       investment-2016
                    6.  Henriques, I., & Sadorsky, P. (2008). Oil prices and the stock prices of alternative
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                    8.  Johnstone,  N.,  Haščič,  I.,  &  Popp,  D.  (2010).  Renewable  energy  policies  and
                       technological  innovation:  evidence  based  on  patent  counts. Environmental  and
                       resource economics, 45(1), 133-155.
                    9.  Lichtenberg,  F.  R.  (1986).  Energy  prices  and  induced  innovation. Research
                       Policy,15(2), 67-75.
                    10.  Crabb, J. M., & Johnson, D. K. (2010). Fueling innovation: the impact of oil
                       prices  and  CAFE  standards  on  energy-efficient  automotive  technology. The
                       Energy Journal, 199-216.
                    11.  Popp, D. (2001). Induced innovation and energy prices (No. w8284). National
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                    12.  Newell, R. G., Jaffe, A. B., & Stavins, R. N. (1998). The induced innovation
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