Environmental policies, product market regulation and innovation in renewable energy

Lionel Nesta, Francesco Vona and Francesco Nicolli

No 2012-25, Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE)

Abstract: We investigate the effectiveness of policies in favor of innovation in renew- able energy under di erent levels of competition. Using information regarding renewable energy policies, product market regulation and high-quality green patents for OECD countries since the late 1970s, we develop a pre-sample mean count-data econometric specification that also accounts for the endogeneity of policies. We nd that renewable energy policies are significantly more effective in fostering green innovation in countries with deregulated energy markets. We also nd that public support for renewable energy is crucial only in the genera- tion of high-quality green patents, whereas competition enhances the generation of green patents irrespective of their quality.

Keywords: renwable energy technology; patents; environmental policies; product market regulation; policy complementarity (search for similar items in EconPapers)
JEL-codes: O34 Q42 Q48 Q55 Q58 (search for similar items in EconPapers)
Date: 2012-10
New Economics Papers: this item is included in nep-ene, nep-env, nep-eur, nep-ino, nep-ipr, nep-pr~, nep-reg and nep-res
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Citations: View citations in EconPapers (11)

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Related works:
Journal Article: Environmental policies, competition and innovation in renewable energy (2014)
Working Paper: Environmental Policies, Product Market Regulation and Innovation in Renewable Energy (2012)
Working Paper: Environmental Policies, Product Market Regulation and Innovation in Renewable Energy (2012)
Working Paper: Environmental policies, product market regulation and innovation in renewable energy (2012)
Working Paper: Environmental policies, product market regulation and innovation in renewable energy (2012)
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