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http://dx.doi.org/10.29214/damis.2018.37.2.011

An Analysis of the Effects of Political and Economic Forces on the Export of Renewable Energy Technologies  

Sung, Bong-Suk (Dept. International Trade, Kyonggi University)
Nian, Liu (Dept. Management, Woosong University)
Publication Information
Management & Information Systems Review / v.37, no.2, 2018 , pp. 209-233 More about this Journal
Abstract
This study investigates the question of how political and economic factors may affect the export of renewable energy technologies. The relationships are tested using panel data for 19 OECD member countries over the period 1992-2012. Before establishing the empirical model, the current study checks the characteristics of the panel data, which includes various panel framework analyses, such as tests for the presence of normality, structural breaks, first-order autocorrelation, heteroscedasticity, cross-sectional dependence, panel unit-root. From the panel framework analyses, a dynamic panel model is established to test the relationship between the variables examined in this study. In order to reduce the bias of the estimation of the dynamic panel model and obtain efficient parameters, this study uses the bias-corrected least square dummy variable(LSDVC) estimator to estimate the empirical model. The results of this study show that governmental policies expressed as coercive pressure and market size positively affect the export growth of renewable energy technologies. However, public pressure and traditional energy industry have no significant effects on export performance. Policy implications are presented based on the results of this study.
Keywords
Renewable Energy Technologies; Economic and Political Factors; Export Performance; Dynamic Panel Approach;
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