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Determinants of Renewable Energy Production: Do Intellectual Property Rights Matter?

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  • Wu-Shun Tee

    (School of Business and Economics, Universiti Putra Malaysia, Serdang 43400, Malaysia)

  • Lee Chin

    (School of Business and Economics, Universiti Putra Malaysia, Serdang 43400, Malaysia)

  • Abdul Samad Abdul-Rahim

    (School of Business and Economics, Universiti Putra Malaysia, Serdang 43400, Malaysia)

Abstract

Climate change and finite energy supply issues have received substantial public attention in recent times. It has been argued that a sustainable energy supply associated with the promotion of clean energy is an important engine of growth, which calls for sound protection to reinforce investments in the renewable energy market. This paper examined the effect of intellectual property rights (IPRs) on renewable energy production using the dynamic panel generalised method of moments (GMM) technique on data from 59 sample countries. The empirical results provided strong evidence that IPRs significantly drive renewable energy production. Greater protection rights motivate renewable energy firms to increase energy production from renewable resources. Our findings further revealed that stronger protection propagates the deployment of renewable energy technologies that ultimately promote renewable energy production.

Suggested Citation

  • Wu-Shun Tee & Lee Chin & Abdul Samad Abdul-Rahim, 2021. "Determinants of Renewable Energy Production: Do Intellectual Property Rights Matter?," Energies, MDPI, vol. 14(18), pages 1-15, September.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:18:p:5707-:d:632953
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    2. Miguel Angel Esquivias & Lilik Sugiharti & Hilda Rohmawati & Omar Rojas & Narayan Sethi, 2022. "Nexus between Technological Innovation, Renewable Energy, and Human Capital on the Environmental Sustainability in Emerging Asian Economies: A Panel Quantile Regression Approach," Energies, MDPI, vol. 15(7), pages 1-16, March.
    3. Gamze Sart & Mehmet Hilmi Ozkaya & Yilmaz Bayar, 2022. "Education, Financial Development, and Primary Energy Consumption: An Empirical Analysis for BRICS Economies," Sustainability, MDPI, vol. 14(12), pages 1-14, June.
    4. Liton Chandra Voumik & Salma Akter & Mohammad Ridwan & Abdul Rahim Ridzuan & Amin Pujiati & Bestari Dwi Handayani & J. S. Keshminder & Mohamad Idham Md Razak, 2023. "Exploring the Factors behind Renewable Energy Consumption in Indonesia: Analyzing the Impact of Corruption and Innovation using ARDL Model," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 115-125, September.
    5. Haoyang Song & Jianhua Hou & Yang Zhang, 2022. "Patent protection: does it promote or inhibit the patented technological knowledge diffusion?," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(5), pages 2351-2379, May.
    6. 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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