Alternative technology indexes in the offshore oil and gas industry

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

Research output: Contribution to journalArticle

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 languageEnglish
Pages (from-to)659-663
Number of pages5
JournalApplied Economics Letters
Volume13
Issue number10
DOIs
Publication statusPublished - Aug 15 2006
Externally publishedYes

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Oil and gas industry
Patents
Innovation
Innovation diffusion
Technology diffusion

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Cite this

Alternative technology indexes in the offshore oil and gas industry. / Managi, Shunsuke; Opaluch, James J.; Jin, Di; Grigalunas, Thomas A.

In: Applied Economics Letters, Vol. 13, No. 10, 15.08.2006, p. 659-663.

Research output: Contribution to journalArticle

Managi, Shunsuke ; Opaluch, James J. ; Jin, Di ; Grigalunas, Thomas A. / Alternative technology indexes in the offshore oil and gas industry. In: Applied Economics Letters. 2006 ; Vol. 13, No. 10. pp. 659-663.
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