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Competitive Advantage in the Renewable Energy Industry: Evidence from a Gravity Model
Renewable Energy ( IF 8.7 ) Pub Date : 2019-02-01 , DOI: 10.1016/j.renene.2018.07.046
Onno Kuik , Frédéric Branger , Philippe Quirion

Pioneering domestic environmental regulation may foster the creation of new eco-industries. These industries could benefit from a competitive advantage in the global market place. This article examines empirical evidence of the impact of domestic renewable energy policies on the export performance of renewable energy products (wind and solar PV). We use a gravity model of international trade with a balanced dataset of 49 (for wind) and 40 (for PV) countries covering the period 1995-2013. The stringency of renewable energy policies are proxied by installed capacities. Our econometric model shows evidence of competitive advantage positively correlated with domestic renewable energy policies, sustained in the wind industry but brief in the solar PV industry. We suggest that the reason for the dynamic difference lies in the underlying technologies involved in the two industries.

中文翻译:

可再生能源行业的竞争优势:来自重力模型的证据

开创性的国内环境监管可能会促进新生态产业的产生。这些行业可以从全球市场的竞争优势中受益。本文考察了国内可再生能源政策对可再生能源产品(风能和太阳能光伏)出口表现影响的实证证据。我们使用国际贸易的引力模型,其中包含 1995-2013 年期间 49 个(风力)和 40 个(光伏)国家的平衡数据集。可再生能源政策的严格程度以装机容量为代表。我们的计量经济模型显示了竞争优势与国内可再生能源政策正相关的证据,在风能行业中持续存在,但在太阳能光伏行业中很短暂。
更新日期:2019-02-01
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