The effect of policy stability on clean energy investment

Yunpeng Wang and Chun-Ping Chang ()
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Yunpeng Wang: Xi’an University of Finance and Economics
Chun-Ping Chang: Shih Chien University

Economic Change and Restructuring, 2023, vol. 56, issue 1, No 13, 327-344

Abstract: Abstract Our research investigates the relationship between policy stability and clean energy investment via panel data covering 44 countries spanning the time period 2000–2020. Specifically considering the heterogeneity among countries with different levels of clean energy investment, we employ a panel quantile regression model on the sample data and further test the heterogeneity with a sub-sample of developing countries. Findings show that countries with higher levels of clean energy investment (CEI) exhibit a negative relationship between policy stability and CEI, while countries with lower levels of clean energy investment (CEI) have a positive relationship. We spot other factors that affect CEI and further conduct a robustness test on the model. These results offer critical policy implications on how to promote clean energy investment.

Keywords: Climate change; Policy stability; Clean energy investment; Heterogeneity (search for similar items in EconPapers)
JEL-codes: Q20 Q54 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s10644-022-09422-3

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