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Political Orientations of Governments and Renewable Energy

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  • Ãœnal ARSLAN
  • Tuba YILDIZ

Abstract

This article empirically examines the relationship between the orientation of political powers and renewable energy in 21 developed countries from the period 1960–2018 using the panel ARDL approach. The political tendencies of the governments in developed countries are tested through three models that are created for this study. According to the first result obtained from the empirical study, a positive and statistically significant long- and short-term cointegration relationship is observed between left-leaning governments and renewable energy. It appears that it is essential to have strong environmental movements in the period of left-oriented governments in achieving this result. Second, a long- and short-term cointegration relationship is found between central governments and renewable energy. Finally, there is no statistically significant relationship between right-oriented governments and renewable energy in the short and long term.

Suggested Citation

  • Ãœnal ARSLAN & Tuba YILDIZ, 2022. "Political Orientations of Governments and Renewable Energy," International Business Research, Canadian Center of Science and Education, vol. 15(11), pages 1-17, November.
    • Handle: RePEc:ibn:ibrjnl:v:15:y:2022:i:11:p:17
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    References listed on IDEAS

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    4. Hess, David J. & Renner, Madison, 2019. "Conservative political parties and energy transitions in Europe: Opposition to climate mitigation policies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 104(C), pages 419-428.
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    7. Geels, Frank W., 2002. "Technological transitions as evolutionary reconfiguration processes: a multi-level perspective and a case-study," Research Policy, Elsevier, vol. 31(8-9), pages 1257-1274, December.
    8. Abban, Abdul Rashid & Hasan, Mohammad Zahid, 2021. "Revisiting the determinants of renewable energy investment - New evidence from political and government ideology," Energy Policy, Elsevier, vol. 151(C).
    9. G. S. Maddala & Shaowen Wu, 1999. "A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 631-652, November.
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    Cited by:

    1. Nuno Silva & José Alberto Fuinhas & Matheus Koengkan & Emad Kazemzadeh & Volkan Kaymaz, 2024. "Renewable energy deployment in Europe: Do politics matter?," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 28751-28784, November.

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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