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Empirical Estimates of the Influence of Renewable Energy Portfolio Standards on the Green Economies of States

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  • William M. Bowen
  • Sunjoo Park
  • Joel A. Elvery

Abstract

The contribution of state renewable energy portfolio standards (RPS) to green business and job growth is controversial. This research estimated the contribution of RPS to state green industrial growth empirically by stipulating and econometrically controlling for a range of state economic growth variables and, having done so, adding RPS variables. Our modeling framework assumed that if RPS have any effect on the green economy in a state, the effect occurs after a period of social and economic adjustment processes that began when the RPS were enacted. Our findings indicate that the presence of RPS have no discernible effect one way or the other on green job growth, but the persistence of RPS through time does cause an increase in the number of green businesses.

Suggested Citation

  • William M. Bowen & Sunjoo Park & Joel A. Elvery, 2013. "Empirical Estimates of the Influence of Renewable Energy Portfolio Standards on the Green Economies of States," Economic Development Quarterly, , vol. 27(4), pages 338-351, November.
    • Handle: RePEc:sae:ecdequ:v:27:y:2013:i:4:p:338-351
    DOI: 10.1177/0891242413491316
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    Cited by:

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    2. Yi, Hongtao, 2014. "Green businesses in a clean energy economy: Analyzing drivers of green business growth in U.S. states," Energy, Elsevier, vol. 68(C), pages 922-929.
    3. Neal D. Woods & Jiyoon Kang & Morgan A. Lowder, 2023. "Do green policies produce green jobs?," Social Science Quarterly, Southwestern Social Science Association, vol. 104(2), pages 153-167, March.
    4. Dongmin Son & Joonrak Kim & Bongju Jeong, 2019. "Optimal Operational Strategy for Power Producers in Korea Considering Renewable Portfolio Standards and Emissions Trading Schemes," Energies, MDPI, vol. 12(9), pages 1-24, May.
    5. Park, Jeong-Il & Lee, Sugie, 2017. "Examining the spatial patterns of green industries and the role of government policies in South Korea: Application of a panel regression model (2006–2012)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 614-623.
    6. Rountree, Valerie, 2019. "Nevada's experience with the Renewable Portfolio Standard," Energy Policy, Elsevier, vol. 129(C), pages 279-291.
    7. Wiser, Ryan & Bolinger, Mark & Heath, Garvin & Keyser, David & Lantz, Eric & Macknick, Jordan & Mai, Trieu & Millstein, Dev, 2016. "Long-term implications of sustained wind power growth in the United States: Potential benefits and secondary impacts," Applied Energy, Elsevier, vol. 179(C), pages 146-158.
    8. Barbose, Galen & Wiser, Ryan & Heeter, Jenny & Mai, Trieu & Bird, Lori & Bolinger, Mark & Carpenter, Alberta & Heath, Garvin & Keyser, David & Macknick, Jordan & Mills, Andrew & Millstein, Dev, 2016. "A retrospective analysis of benefits and impacts of U.S. renewable portfolio standards," Energy Policy, Elsevier, vol. 96(C), pages 645-660.
    9. Hongbo Wang, 2016. "Do Mandatory U.S. State Renewable Portfolio Standards Increase Electricity Prices?," Growth and Change, Wiley Blackwell, vol. 47(2), pages 157-174, June.
    10. Yeon-Mi Jung, 2015. "Is South Korea’s Green Job Policy Sustainable?," Sustainability, MDPI, vol. 7(7), pages 1-20, July.
    11. Lim, Taekyoung & Guzman, Tatyana S. & Bowen, William M., 2020. "Rhetoric and Reality: Jobs and the Energy Provisions of the American Recovery and Reinvestment Act," Energy Policy, Elsevier, vol. 137(C).
    12. Xiao Tang & Zhengwen Liu & Hongtao Yi, 2016. "Mandatory Targets and Environmental Performance: An Analysis Based on Regression Discontinuity Design," Sustainability, MDPI, vol. 8(9), pages 1-16, September.
    13. Kyungho Song & Hyun Kim & Jisoo Cha & Taedong Lee, 2021. "Matching and Mismatching of Green Jobs: A Big Data Analysis of Job Recruiting and Searching," Sustainability, MDPI, vol. 13(7), pages 1-15, April.
    14. Parrish Bergquist & Christopher Warshaw, 2023. "How climate policy commitments influence energy systems and the economies of US states," Nature Communications, Nature, vol. 14(1), pages 1-9, December.

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