Does financial development matter for innovation in renewable energy?

Linh Pham

Applied Economics Letters, 2019, vol. 26, issue 21, 1756-1761

Abstract: This letter investigates a missing link in the literature – whether financial development matters for renewable energy innovation. Our analysis of 22 OECD countries between 1990 and 2014 suggests the crucial role of financial development in the development of both biomass and non-biomass renewable technologies. Additionally, the impact of financial development varies with countries’ carbon intensity and innovation growth rate.

Date: 2019
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DOI: 10.1080/13504851.2019.1593934

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