Environmental Policies, Product Market Regulation and Innovation in Renewable Energy

Lionel Nesta, Francesco Vona and Francesco Nicolli

No 2012.90, Working Papers from Fondazione Eni Enrico Mattei

Abstract: We investigate the effectiveness of policies in favor of innovation in renewable energy under different levels of competition. Using information regarding renewable energy policies, product market regulation and high-quality green patents for OECD countries since the late 1970s, we develop a pre-sample mean count-data econometric specification that also accounts for the endogeneity of policies. We find that renewable energy policies are significantly more effective in fostering green innovation in countries with deregulated energy markets. We also find that public support for renewable energy is crucial only in the generation of high-quality green patents, whereas competition enhances the generation of green patents irrespective of their quality.

Keywords: Renewable Energy Technology; Patents; Environmental Policies; Product Market Regulation; Policy Complementarity (search for similar items in EconPapers)
JEL-codes: O34 Q42 Q48 Q55 Q58 (search for similar items in EconPapers)
Date: 2012-12
New Economics Papers: this item is included in nep-ene, nep-env, nep-ino, nep-reg and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Related works:
Journal Article: Environmental policies, competition and innovation in renewable energy (2014)
Working Paper: Environmental Policies, Product Market Regulation and Innovation in Renewable Energy (2012)
Working Paper: Environmental policies, product market regulation and innovation in renewable energy (2012)
Working Paper: Environmental policies, product market regulation and innovation in renewable energy (2012)
Working Paper: Environmental policies, product market regulation and innovation in renewable energy (2012)
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