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Environmental policies, product market regulation and innovation in renewable energy

Lionel Nesta (), Francesco Vona () and Francesco Nicolli ()

No 2012-25, Sciences Po publications from Sciences Po

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 found that renewable energy policies are significantly more effective in fostering green innovation in countries with deregulated energy markets. We also found 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: Q55 Q58 Q42 Q48 O34 (search for similar items in EconPapers)
Date: 2012-10
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Related works:
Working Paper: Environmental Policies, Product Market Regulation and Innovation in Renewable Energy (2012) Downloads
Working Paper: Environmental policies, product market regulation and innovation in renewable energy (2012) Downloads
Working Paper: Environmental Policies, Product Market Regulation and Innovation in Renewable Energy (2012) Downloads
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