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The Effect of Public Policies on Inducing Technological Change in Solar Energy

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  • Vincenzi, Marco
  • Ozabaci, Deniz

Abstract

Using patent statistics related to solar power on a panel of eleven countries from 1990 to 2008, we build a reduced-form model to analyze the role that public policies play in fostering innovation. We conclude that public expenditure on R&D and feed-in tariffs have a significant effect on the development of solar energy. We also find a significant effect of electricity price, attributable to rising energy prices. Using patent citations, we estimate the knowledge flows available to inventors in each country over time and we find that the marginal productivity of R&D has a positive and significant effect on innovation.

Suggested Citation

  • Vincenzi, Marco & Ozabaci, Deniz, 2017. "The Effect of Public Policies on Inducing Technological Change in Solar Energy," Agricultural and Resource Economics Review, Cambridge University Press, vol. 46(1), pages 44-72, April.
    • Handle: RePEc:cup:agrerw:v:46:y:2017:i:01:p:44-72_00
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    Cited by:

    1. Hille, Erik & Althammer, Wilhelm & Diederich, Henning, 2020. "Environmental regulation and innovation in renewable energy technologies: Does the policy instrument matter?," Technological Forecasting and Social Change, Elsevier, vol. 153(C).
    2. Michael Grubb & Paul Drummond & Alexandra Poncia & Will Mcdowall & David Popp & Sascha Samadi & Cristina Penasco & Kenneth Gillingham & Sjak Smulders & Matthieu Glachant & Gavin Hassall & Emi Mizuno &, 2021. "Induced innovation in energy technologies and systems: a review of evidence and potential implications for CO 2 mitigation," Post-Print hal-03189044, HAL.
    3. Marco Vincenzi, 2023. "Mapping the empirical relationship between environmental performance and social preferences: Evidence from macro data," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2023(1), pages 85-102.
    4. Guillaume Bourgeois & Sandrine Mathy & Philippe Menanteau, 2017. "The effect of climate policies on renewable energies : a review of econometric studies [L’effet des politiques climatiques sur les énergies renouvelables : une revue des études économétriques]," Post-Print hal-01585906, HAL.
    5. Kostas Fragkiadakis & Panagiotis Fragkos & Leonidas Paroussos, 2020. "Low-Carbon R&D Can Boost EU Growth and Competitiveness," Energies, MDPI, vol. 13(19), pages 1-29, October.

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