The Relative Importance of Determinants of the Solar Photovoltaic Industry in China: Analyses by the Diamond Model and the Analytic Hierarchy Process

Tiantian Zhang, Ken’ichi Matsumoto and Kei Nakagawa
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Tiantian Zhang: Graduate School of Fisheries and Environmental Sciences, Nagasaki University, 1-14 Bunkyo-machi, Nagasaki 852-8521, Japan
Ken’ichi Matsumoto: Faculty of Economics, Toyo University, 5-28-20 Hakusan, Bunkyo-ku, Tokyo 112-8606, Japan
Kei Nakagawa: Institute of Integrated Science and Technology, Nagasaki University, 1-14 Bunkyo-machi, Nagasaki 852-8521, Japan

Energies, 2021, vol. 14, issue 20, 1-20

Abstract: Within China’s renewable energy industry, the importance of the solar photovoltaic industry has been increasingly recognized. Many Chinese provinces have adopted various measures to develop the solar photovoltaic industry. This study used the diamond model and the analytic hierarchy process to clarify the relative importance of the determinants of the development of the solar photovoltaic industry. A total of 22 determinants in six categories (i.e., factor condition; demand condition; firm strategy, structure, and rivalry; related and support industries; government; and chance) were analyzed. The results show that besides factor condition, demand condition and firm strategy, structure, and rivalry have also had a strong influence on the development of China’s photovoltaic industry. The findings also indicate that some traditional factors, such as labor costs and acquiring land, are very important to the development of the solar photovoltaic industry. The relative importance of the determinants clarified through this study provides a standard for the actions of policymakers and decision makers.

Keywords: photovoltaic industry; diamond model; analytic hierarchy process; determinants; relative importance; renewable energy (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 (2)

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