Alternative technology indexes in the offshore oil and gas industry

Shunsuke Managi; James J. Opaluch; Di Jin; Thomas A. Grigalunas

doi:10.1080/13504850500401866

Alternative technology indexes in the offshore oil and gas industry

Shunsuke Managi, James J. Opaluch, Di Jin, Thomas A. Grigalunas

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

Abstract

R&D policies play an important role for developing technologies. Alternative technology indexes are tested to provide an improved understanding of technology index in the offshore oil and gas industry. The analysis compares ten alternative technology indexes including technology diffusion counts, importance-weighted diffusion, innovation counts, importance-weighted innovation, patent counts, importance-weighted patent counts, and a simple measure of time. It is found that utilizing weighted diffusion count as an index of technology is clearly superior to all other indexes. The results also show the time as an index of technology is clearly inferior to most other indexes.

Original language	English
Pages (from-to)	659-663
Number of pages	5
Journal	Applied Economics Letters
Volume	13
Issue number	10
DOIs	https://doi.org/10.1080/13504850500401866
Publication status	Published - Aug 15 2006
Externally published	Yes

All Science Journal Classification (ASJC) codes

Economics and Econometrics

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10.1080/13504850500401866

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title = "Alternative technology indexes in the offshore oil and gas industry",

abstract = "R&D policies play an important role for developing technologies. Alternative technology indexes are tested to provide an improved understanding of technology index in the offshore oil and gas industry. The analysis compares ten alternative technology indexes including technology diffusion counts, importance-weighted diffusion, innovation counts, importance-weighted innovation, patent counts, importance-weighted patent counts, and a simple measure of time. It is found that utilizing weighted diffusion count as an index of technology is clearly superior to all other indexes. The results also show the time as an index of technology is clearly inferior to most other indexes.",

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note = "Funding Information: This research was funded by the United States Environmental Protection Agency STAR grant program (Grant Number Grant Number R826610-01). The results and conclusions of this paper do not necessary represent the views of the funding agencies.",

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N1 - Funding Information: This research was funded by the United States Environmental Protection Agency STAR grant program (Grant Number Grant Number R826610-01). The results and conclusions of this paper do not necessary represent the views of the funding agencies.

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Y1 - 2006/8/15

N2 - R&D policies play an important role for developing technologies. Alternative technology indexes are tested to provide an improved understanding of technology index in the offshore oil and gas industry. The analysis compares ten alternative technology indexes including technology diffusion counts, importance-weighted diffusion, innovation counts, importance-weighted innovation, patent counts, importance-weighted patent counts, and a simple measure of time. It is found that utilizing weighted diffusion count as an index of technology is clearly superior to all other indexes. The results also show the time as an index of technology is clearly inferior to most other indexes.

AB - R&D policies play an important role for developing technologies. Alternative technology indexes are tested to provide an improved understanding of technology index in the offshore oil and gas industry. The analysis compares ten alternative technology indexes including technology diffusion counts, importance-weighted diffusion, innovation counts, importance-weighted innovation, patent counts, importance-weighted patent counts, and a simple measure of time. It is found that utilizing weighted diffusion count as an index of technology is clearly superior to all other indexes. The results also show the time as an index of technology is clearly inferior to most other indexes.

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Alternative technology indexes in the offshore oil and gas industry

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