EconPapers    
Economics at your fingertips  
 

Competitive advantage in the renewable energy industry: Evidence from a gravity model

Onno Kuik (), Frédéric Branger and Philippe Quirion

Renewable Energy, 2019, vol. 131, issue C, 472-481

Abstract: Pioneering domestic environmental regulation may foster the creation of new eco-industries. These industries could benefit from a competitive advantage in the global market place. This article examines empirical evidence of the impact of domestic renewable energy policies on the export performance of renewable energy products (wind and solar PV). We use a gravity model of international trade with a balanced dataset of 49 (for wind) and 40 (for PV) countries covering the period 1995–2013. The stringency of renewable energy policies is proxied by installed capacities. Our econometric model shows evidence of competitive advantage positively correlated with domestic renewable energy policies, sustained in the wind industry but brief in the solar PV industry. We suggest that the reason for the dynamic difference lies in the underlying technologies involved in the two industries.

Keywords: Competitive advantage; Gravity model; Wind industry; Solar PV industry; Green growth (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148118308437
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Competitive Advantage in the Renewable Energy Industry: Evidence from a Gravity Model (2018) Downloads
Working Paper: Competitive Advantage in the Renewable Energy Industry: Evidence from a Gravity Model (2018) Downloads
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:eee:renene:v:131:y:2019:i:c:p:472-481

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-06-07
Handle: RePEc:eee:renene:v:131:y:2019:i:c:p:472-481