Can industrial policy foster innovation in renewable energy Technologies in the OECD and in EU regions

Alkis Pitelis; Nicholas Vasilakos; Konstantinos Chalvatzis; Christos Pitelis

doi:10.1093/cjres/rsz005

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 language	English
Pages (from-to)	271-292
Number of pages	22
Journal	Cambridge Journal of Regions, Economy and Society
Volume	12
Issue number	2
Early online date	26 Jun 2019
DOIs	https://doi.org/10.1093/cjres/rsz005
Publication status	Published - Jul 2019

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Nicholas Vasilakos
- N.Vasilakosuea.acuk
- Norwich Business School - Professor of Sustainable Business Economics and Public Policy
- Tyndall Centre for Climate Change Research - Member
- Responsible Business Regulation Group - Member
Person: Research Group Member, Research Centre Member, Academic, Teaching and Research

Cite this

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Can industrial policy foster innovation in renewable energy Technologies in the OECD and in EU regions

Abstract

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Nicholas Vasilakos

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