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Characteristic of Successful Energy Policy from Politics, Economics, Social and Technological Perspective - a qualitative analysis

Author

Listed:
  • Yuzran Bustamar

    (Division of Economics and Business, Colorado School of Mines)

  • Ian Lange

    (Division of Economics and Business, Colorado School of Mines)

  • Elizabeth Van Wie Davis

    (Division of Humanities, Arts and Social Sciences, Colorado School of Mines)

Abstract

This paper creates a conceptual framework that analyzes successful characteristics of energy policy defined by PEST (Politics, Economics, Social and Technological) determinant indicators. Energy policy that is promoted by a government is meant to ensure reliable energy supply by stimulating energy growth or promoting energy efficiency. Yet, not every policy is successfully implemented or even passed by the lawmakers even one with a clear potential benefit. We performed a qualitative assessment of a review published by International Energy Agency (IEA) of energy policies implemented by the 28 OECD country members within 2003-2014 period. This conceptual framework contributes to our understanding of successful energy policies and lays the foundation for future study to investigate empirical evidence of the determinants of policy success that may lead to security of energy in OECD countries.

Suggested Citation

  • Yuzran Bustamar & Ian Lange & Elizabeth Van Wie Davis, 2017. "Characteristic of Successful Energy Policy from Politics, Economics, Social and Technological Perspective - a qualitative analysis," Working Papers 2017-10, Colorado School of Mines, Division of Economics and Business.
    • Handle: RePEc:mns:wpaper:wp201710
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    File URL: http://econbus-papers.mines.edu/working-papers/wp201710.pdf
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    Keywords

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    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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