A dynamic analysis of research and development incentive on China's photovoltaic industry based on system dynamics model

Zhao Xin-gang, Wang Wei and Wu Ling

Energy, 2021, vol. 233, issue C

Abstract: Government policies and investments in the photovoltaic power generation industry have contributed to the fast development of the photovoltaic power generation industry through technology push. But how does the research and development (R&D) investment affect the photovoltaic power generation industry, and what is its effect? This is a problem worthy of discussion. In order to answer this question scientifically, this paper constructs a system dynamics model to study the impact of R&D investment on China's photovoltaic power generation industry and analyzes the impact of other incentive policies such as Feed-in Tariff (FIT) on the photovoltaic industry. The results show that: firstly, R&D investment and FIT are conducive to the technological innovation of China's photovoltaic power generation industry. Secondly, a higher level of R&D investment can induce more cost reduction of photovoltaic power industry. Finally, the effect of FIT in promoting the growth of installed capacity of the photovoltaic power generation industry is more obvious.

Keywords: Research and development; Incentive policies; Photovoltaic industry; System dynamics (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:233:y:2021:i:c:s036054422101389x

DOI: 10.1016/j.energy.2021.121141

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