Alternative technology indexes in the offshore oil and gas industry
Date of Original Version
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.
Publication Title, e.g., Journal
Applied Economics Letters
Managi, Shunsuke, James J. Opaluch, Di Jin, and Thomas A. Grigalunas. "Alternative technology indexes in the offshore oil and gas industry." Applied Economics Letters 13, 10 (2006). doi: 10.1080/13504850500401866.