Energy policy and green innovation: A quantile investigation into renewable energy
Qi-Cheng Yang,
Mingbo Zheng and
Chun-Ping Chang
Renewable Energy, 2022, vol. 189, issue C, 1166-1175
Abstract:
Using panel data of 102 countries from 1990 to 2018, this research investigates the varying effect of renewable energy policies on renewable energy green innovation along with the distribution of green innovation. The panel quantile model with additive fixed effect is adopted in this paper, and the research conclusions are as follows. (1) Green innovation positively correlates with national renewable energy policy. (2) Renewable policy is more effective in countries with stronger green innovation capacity. (3) In five different areas of renewable energy, renewable policy is unable to promote green innovation in the lowest innovative countries. (4) Renewable policy exerts the smallest influence on green innovation of geothermal energy compared to other renewable energies. In sum, this paper provides an empirical reference for governments to launch renewable energy policies.
Keywords: Renewable energy; Green innovation; Panel quantile model (search for similar items in EconPapers)
JEL-codes: O36 O38 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (22)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:189:y:2022:i:c:p:1166-1175
DOI: 10.1016/j.renene.2022.03.046
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