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Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market

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  • Bongsuk Sung

    (Department of International Trade, Kyonggi University, 154-42, Gwanggyosan-ro, Yeongtong-gu, Suwon 16227, Gyeonggi-do, Korea)

  • Cui Wen

    (College of Economics and Management, Yanbian University, No. 977, Gongyuan Road, Yanji 133002, China)

Abstract

This study explores how political–economic forces could affect export performance in the renewable energy technologies market. We conduct panel framework analyses to verify the characteristics of panel data for 19 countries before establishing the panel estimator meant to test the effects of political–economic forces on export specialization. We consider the results of the panel framework analyses and develop an empirical model to test casual dynamic relationships between political–economic forces and export performance. The results from the least squares dummy variable-corrected estimation indicate that the major factors promoting the export specialization of renewable energy technologies are, in order of decreasing importance, public pressure, market size, and government demand-pull policy. However, the traditional energy industry has no significant effect on export performance. Finally, this study finds that dynamic effects exist in all estimations.

Suggested Citation

  • Bongsuk Sung & Cui Wen, 2018. "Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market," Energies, MDPI, vol. 11(4), pages 1-18, April.
    • Handle: RePEc:gam:jeners:v:11:y:2018:i:4:p:874-:d:140231
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    Cited by:

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    3. Bongsuk Sung & Myoung Shik Choi & Woo-Yong Song, 2019. "Exploring the Effects of Government Policies on Economic Performance: Evidence Using Panel Data for Korean Renewable Energy Technology Firms," Sustainability, MDPI, vol. 11(8), pages 1-19, April.
    4. Orkhan Nadirov & Jana Vychytilová & Bruce Dehning, 2020. "Carbon Taxes and the Composition of New Passenger Car Sales in Europe," Energies, MDPI, vol. 13(18), pages 1-15, September.
    5. Gabriela O. Chiciudean & Rezhen Harun & Felix H. Arion & Daniel I. Chiciudean & Camelia F. Oroian & Iulia C. Muresan, 2018. "A Critical Approach on Sustainable Renewable Energy Sources in Rural Area: Evidence from North-West Region of Romania," Energies, MDPI, vol. 11(9), pages 1-15, August.
    6. Anas A. Makki & Ibrahim Mosly, 2020. "Factors Affecting Public Willingness to Adopt Renewable Energy Technologies: An Exploratory Analysis," Sustainability, MDPI, vol. 12(3), pages 1-11, January.
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    9. Marra, Alessandro & Colantonio, Emiliano, 2023. "On public policies in the energy transition: Evidence on the role of socio-technical regimes for renewable technologies," Energy Economics, Elsevier, vol. 128(C).

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