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The development of Renewable Energy industries in emerging economies: the role of economic, institutional, and socio-cultural contexts in Latin America

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  • Juan Leonardo Espinoza
  • Harrie Vredenburg

Abstract

This paper is based on a comparative case study that analyses the development of the wind power industry in two Latin American countries. This study helps us understand the influence of the different economic, institutional, and socio-cultural contexts over the start-up of Renewable Energy (RE) businesses. This research identifies the key role that 'informal' institutional factors play. The paper also explains why supporting networks are local/regional. The paper concludes with implications for potential investors in RE projects in emerging economies. Opportunities for further research are identified.

Suggested Citation

  • Juan Leonardo Espinoza & Harrie Vredenburg, 2010. "The development of Renewable Energy industries in emerging economies: the role of economic, institutional, and socio-cultural contexts in Latin America," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 2(3/4), pages 245-270.
    • Handle: RePEc:ids:ijecbr:v:2:y:2010:i:3/4:p:245-270
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    Cited by:

    1. Ince, David & Vredenburg, Harrie & Liu, Xiaoyu, 2016. "Drivers and inhibitors of renewable energy: A qualitative and quantitative study of the Caribbean," Energy Policy, Elsevier, vol. 98(C), pages 700-712.
    2. Xiaoyu Liu & Jahan Ara Peerally & Claudia De Fuentes & David Ince & Harrie Vredenburg, 2022. "Who Makes or Breaks Energy Policymaking in the Caribbean Small Island Jurisdictions? A Study of Stakeholders’ Perceptions," Sustainability, MDPI, vol. 14(3), pages 1-19, February.

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