Determinants of Renewable Energy Production: Do Intellectual Property Rights Matter?

Wu-Shun Tee, Chin Lee () and Abdul Samad Abdul-Rahim
Additional contact information
Wu-Shun Tee: School of Business and Economics, Universiti Putra Malaysia, Serdang 43400, Malaysia
Abdul Samad Abdul-Rahim: School of Business and Economics, Universiti Putra Malaysia, Serdang 43400, Malaysia

Energies, 2021, vol. 14, issue 18, 1-15

Abstract: Climate change and finite energy supply issues have received substantial public attention in recent times. It has been argued that a sustainable energy supply associated with the promotion of clean energy is an important engine of growth, which calls for sound protection to reinforce investments in the renewable energy market. This paper examined the effect of intellectual property rights (IPRs) on renewable energy production using the dynamic panel generalised method of moments (GMM) technique on data from 59 sample countries. The empirical results provided strong evidence that IPRs significantly drive renewable energy production. Greater protection rights motivate renewable energy firms to increase energy production from renewable resources. Our findings further revealed that stronger protection propagates the deployment of renewable energy technologies that ultimately promote renewable energy production.

Keywords: intellectual property right; renewable energy; dynamic panel analysis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (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)

Downloads: (external link)
https://www.mdpi.com/1996-1073/14/18/5707/pdf (application/pdf)
https://www.mdpi.com/1996-1073/14/18/5707/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:14:y:2021:i:18:p:5707-:d:632953

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().