EconPapers    
Economics at your fingertips  
 

Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market

Bongsuk Sung () and Cui Wen ()
Additional contact information
Bongsuk Sung: Department of International Trade, Kyonggi University, 154-42, Gwanggyosan-ro, Yeongtong-gu, Suwon 16227, Gyeonggi-do, Korea
Cui Wen: College of Economics and Management, Yanbian University, No. 977, Gongyuan Road, Yanji 133002, China

Energies, 2018, vol. 11, issue 4, 1-18

Abstract: This study explores how political–economic forces could affect export performance in the renewable energy technologies market. We conduct panel framework analyses to verify the characteristics of panel data for 19 countries before establishing the panel estimator meant to test the effects of political–economic forces on export specialization. We consider the results of the panel framework analyses and develop an empirical model to test casual dynamic relationships between political–economic forces and export performance. The results from the least squares dummy variable-corrected estimation indicate that the major factors promoting the export specialization of renewable energy technologies are, in order of decreasing importance, public pressure, market size, and government demand-pull policy. However, the traditional energy industry has no significant effect on export performance. Finally, this study finds that dynamic effects exist in all estimations.

Keywords: political–economic forces; export performance; panel vector autoregressive model (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: 2018
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)
https://www.mdpi.com/1996-1073/11/4/874/pdf (application/pdf)
https://www.mdpi.com/1996-1073/11/4/874/ (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:11:y:2018:i:4:p:874-:d:140231

Access Statistics for this article

Energies is currently edited by Prof. Dr. Enrico Sciubba

More articles in Energies from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

 
Page updated 2018-10-02
Handle: RePEc:gam:jeners:v:11:y:2018:i:4:p:874-:d:140231