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How does political instability affect renewable energy innovation?

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  • Wang, Jun-Zhuo
  • Feng, Gen-Fu
  • Chang, Chun-Ping

Abstract

This paper investigates how political instability affects the development of renewable energy innovation (REI) through empirical analysis of cross-country data from 60 countries over the period of 2002–2020. The results show that political instability has a negative impact on renewable energy innovation, particularly in countries with a robust renewable energy technology base. Specifically, every single type of renewable energy technology has decreased in response to political instability, with wind and solar being the most affected. We also find the non-linearity of such impact with different levels of government corruption, democracy, and military expenditure based on the threshold effect analysis. Therefore, governance quality matters when confronting political instability. Further analysis indicates that economic growth, technological development, and public R&D for renewable energy technologies are the mediating channels. These results provide significant policy implications and a better understanding of national innovation activities in renewable energy.

Suggested Citation

  • Wang, Jun-Zhuo & Feng, Gen-Fu & Chang, Chun-Ping, 2024. "How does political instability affect renewable energy innovation?," Renewable Energy, Elsevier, vol. 230(C).
    • Handle: RePEc:eee:renene:v:230:y:2024:i:c:s0960148124008681
    DOI: 10.1016/j.renene.2024.120800
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    Keywords

    Political instability; Renewable energy innovation; Non-linearity; Public R&D;
    All these keywords.

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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