The creation of energy startups: the role of environmental knowledge spillovers
DOI:
https://doi.org/10.17811/ebl.15.3.2026.215-230Keywords:
digital economy, digitization, information and knowledge economy, expert prices, innovative perspectives, regional-sectoral approach, 4.0 Industrial platformAbstract
This paper examines how environmental innovation influences startup creation in energy and non-energy sectors. Using a panel of 35 developed and developing countries from 1998 to 2019 and a two-way fixed effects model, I find that environmental knowledge significantly increases the creation of startups in energy sectors, while no effect is found for non-energy sectors. Further analysis reveals that environmental knowledge promotes startup creation across green, brown, digital, and non-digital energy sectors, suggesting broad spillover effects. These results support policies aimed at fostering environmental innovation to stimulate entrepreneurship.
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