Can Industrial Policy Foster Innovation in Renewable Energy Technologies in the OECD and in EU regions

Alkis Pitelis, Nicholas Vasilakos, Konstantinos Chalvatzis, Christos Pitelis

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Abstract

We cross fertilise scholarship on industrial policy (IP) and renewable energy (RE) innovation and submit that RE serves as a General Purpose Technology that contains more specific RE technologies (RETs). We develop five Hypotheses and provide econometric evidence for the impact of demand-pull, technology-push and systemic IP instruments on different RETs. We test for the role of country experience, for EU North-South regional variations, and for the quality of RE innovations. We employ a large data set for thirty-four OECD countries and find support for our theory-derived hypotheses.
Original languageEnglish
Pages (from-to)271-292
JournalCambridge Journal of Regions, Economy and Society
Volume12
Issue number2
Early online date26 Jun 2019
DOIs
Publication statusPublished - Jul 2019

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