Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market

Sung, Bongsuk; Chen, Wen

doi:10.3390/en11040874

Cited by 10 publications

(16 citation statements)

References 60 publications

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“…It is also for the public support in building political and economic strategies [54]. The results reinforce the major directives from the Romanian national and regional strategies that are willing to support the use of renewable sources of energy.…”

Section: Discussionsupporting

confidence: 57%

A Critical Approach on Sustainable Renewable Energy Sources in Rural Area: Evidence from North-West Region of Romania

et al. 2018

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Abstract:In the favorable context of a potential increase in the use of renewable energy sources in Romania, a research was conducted among the rural population in the North-West region of development in order to analyze public perception regarding this alternative energy production. A survey was conducted on a sample of 322 respondents and data was analyzed using different statistical methods (Principal Component Analysis, Cluster analysis, etc.). Results indicated a positive attitude towards renewable energy and support mainly from young and highly educated people. The percentage of users is relatively low and there is little intention in the future to switch to a renewable energy source even if it is perceived as a sustainable way of living. Lack of knowledge regarding renewable energy sources is the most important aspect and authorities should assume a mission in the public education of citizens in order to implement the measures and achieve the goals established in the national strategy plans.

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Section: Discussionsupporting

confidence: 57%

A Critical Approach on Sustainable Renewable Energy Sources in Rural Area: Evidence from North-West Region of Romania

et al. 2018

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“…A number of scientists point out that a broad constellation of increasingly powerful political interests in the rising industry of renewable energy [36,91], leading to more protectionist trade policies and more conflicts in international trade, might not support the farsighted public policies needed for the world to achieve widely expected goals of deep decarbonization and sustainable development.…”

Section: Discussionmentioning

confidence: 99%

International Trade Disputes over Renewable Energy—the Case of the Solar Photovoltaic Sector

Hajdukiewicz

Pera

2020

Energies

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The development of the renewable energy industry is a priority of economic policies in many countries, since it is viewed as one of the key growth sectors in the economy, playing also a very important role in mitigating climate change. At the international level, renewable energy is an issue of international cooperation but also an area of high trade tensions between countries. The main goal of this paper is to examine the nature and sources of recent trade disputes in the solar photovoltaic sector, which is the most dynamically growing sector in the green energy industry. In particular, the paper explores the links between the contemporary trade disputes and modern protectionism and between protectionist policies and practices and the export competitiveness in the growing sector of the economy. To achieve the aim of the study we explore in detail the WTO trade disputes over photovoltaic (PV) products, which occurred in the years 2007–2018. The products covered by the analysis were solar modules and cells classified under the HS code 854140. In our research we also used measures of descriptive statistics, hierarchical cluster analysis and revealed comparative advantage indexes. Our key results demonstrate the existence of links between protectionist policy causing trade conflicts and the export competitiveness. The research has also allowed us to identify problems of future studies concerning the association between trade protectionism and global value chains in the solar energy sector.

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“…This is possible by alleviating the debt and equity gap for innovation activities by lowering the required amount of external financing and reducing a firm's default risk, making lenders more willing to provide loans [49][50][51], and changing the risk-return relationship in RET investment for innovation activities. Consequently, this could affect investors' behavior and interests [52,53] by providing an observable signal to external investors about innovation activity quality [49,54,55], promoting different entrepreneurial activities related to RETs, and guaranteeing favorable conditions to develop and diffuse RETs [55,56]. Such innovation, as a core source of productivity growth, positively affects firms' economic performance, which becomes most evident in extant empirical studies using the theory of heterogeneous firms [57].…”

Section: Discussionmentioning

confidence: 99%

Exploring the Effects of Government Policies on Economic Performance: Evidence Using Panel Data for Korean Renewable Energy Technology Firms

2019

Self Cite

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Previous studies have investigated how government policies on renewable energy technology (RET) affect economic performance at the industrial level. However, each firm in the RET industry is heterogeneous in terms of their capacities, resources, and the amount of public subsidies they receive. Considering the context in which public subsidies are provided to firms, this study econometrically investigates the effects of government policies on firms’ financial performance using panel data from the Korean RET industry. We consider the results of various panel framework tests; establish a panel vector autoregressive model in first differences; and test the dynamic relationships between firms’ financial performance, government subsidies (R&D- and non-R&D-related), firm size and age, and organizational slack, using a bias-corrected least squares dummy variable estimator. We find that R&D- and non-R&D-related subsidies positively affect firms’ financial performance in the long run. In the short run, there are bidirectional positive causal relationships between firms’ financial performance and organizational slack (and non-R&D-related subsidy), and firm size and non-R&D-related subsidy. A positive short-run relationship runs from R&D-related subsidy to firms’ financial performance, from firm age to non-R&D-related subsidy, and from firm size to firm age. Further, there are dynamic effects in all estimations, demonstrating that the dependent variables of the previous period enhance their values in the current period. The results provide some policy and strategic implications.

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Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market

Cited by 10 publications

References 60 publications

A Critical Approach on Sustainable Renewable Energy Sources in Rural Area: Evidence from North-West Region of Romania

A Critical Approach on Sustainable Renewable Energy Sources in Rural Area: Evidence from North-West Region of Romania

International Trade Disputes over Renewable Energy—the Case of the Solar Photovoltaic Sector

Exploring the Effects of Government Policies on Economic Performance: Evidence Using Panel Data for Korean Renewable Energy Technology Firms

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