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Renewable energy development and green public policies complementarities: The case of developed and developing countries

handle: 11367/64901 , 11393/321304
Abstract The aim of this paper is to analyze the factors determining the choice of energy policy setting in favor of renewable energy sources. We investigate if such determinants are different between countries at different stage of development. Finally, we study if the adoption of green energy policies is characterized by complementary or substitution effects. Our analysis aims at responding at two research questions: what are the factors influencing a country's choice for a specific type of energy policy? Is it possible to identify either complementary or substitute policy interventions based on a country's level of economic development? Moreover, are developing systematically different from developed countries in manage public and private resources for renewable energies? The empirical analysis employs a panel probit model estimated over a sample of 56 countries observed between 2004 and 2011. The results show that while context variables have the same impact in developed and developing countries, public operational variables play a different role. Governments in richer countries are bound to play only a role of an arbiter. On the contrary, governments of developing countries are more directly involved in the management of energy policies. Hence, a greater impact is recognized to policies with direct involvement of the government.
- Parthenope University of Naples Italy
- University Federico II of Naples Italy
- University of Macerata Italy
- Università Luigi Bocconi Italy
- University of Macerata Italy
Green policies; Policy complementarities; Renewable investments, Green policies; Policy complementarities; Renewable investments; Renewable Energy, Sustainability and the Environment
Green policies; Policy complementarities; Renewable investments, Green policies; Policy complementarities; Renewable investments; Renewable Energy, Sustainability and the Environment
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).52 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 1% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 1%
