Public policy supports and export performance of bioenergy technologies: A dynamic panel approach

Bongsuk Sung

Renewable and Sustainable Energy Reviews, 2015, vol. 42, issue C, 477-495

Abstract: This study investigates the effects of public policy supports on the export performance of bioenergy technologies; it uses panel data from 18 countries from the 1992 to 2008 period. Panel unit-root and cointegration tests are applied, taking into account the results of structural-break tests for each time series and testing for the presence in the panel of cross-sectional dependence. Time-series data on public supports and exports are integrated and cointegrated. The results of dynamic ordinary least squares indicate that in the long term, public R&D expenditures have a positive effect on the exports, the contribution of bioenergy to the total energy supply has a negative effect on the exports, and GDP has a positive effect on the exports. The contribution of bioenergy to total energy supply responds to deviations in the previous period from the long-term equilibrium. Additionally, Blundell–Bond system generalized methods of moments estimations are made, to determine dynamic causality in a panel vector error correction mechanism setting. Evidence of a positive strong and short-term relationship from exports to R&D expenditures, and of a positive short-term causality from exports to the contribution of bioenergy to total energy supply, is found. A positive strong bidirectional relationship between GDP and exports is also uncovered. There is a positive strong, bidirectional, and short-term relationship between GDP and the contribution of bioenergy to total energy supply. Finally, some policy implications based on the results of this study are offered.

Keywords: Bioenergy policy; Export performance; Dynamic panel; Causality analysis (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032114007862
Full text for ScienceDirect subscribers only

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:eee:rensus:v:42:y:2015:i:c:p:477-495

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2014.09.013

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().