The Nexus between Dynamic Efficiency of Government Policy and Export Performance in Renewable Energy Technology Sector: A Dynamic Panel Approach

2016 ◽  
Vol 12 (1) ◽  
pp. 191-214
Author(s):  
Bongsuk Sung ◽  
◽  
Woo-Yong Song ◽  
Keyword(s):  
Renewable Energy ◽  
Government Policy ◽  
Export Performance ◽  
Dynamic Efficiency ◽  
Energy Technology ◽  
Dynamic Panel ◽  
Renewable Energy Technology ◽  
Technology Sector

scholarly journals Are Political Factors More Relevant Than Economic Factors in Firm-Level Renewable Energy Technology Export? Evidence from Path Analysis

2021 ◽  
Vol 13 (16) ◽  
pp. 8788
Author(s):  
Bongsuk Sung ◽  
Woo-Yong Song
Keyword(s):  
Renewable Energy ◽  
Market Orientation ◽  
Structural Equation ◽  
Export Performance ◽  
Economic Factor ◽  
External Factors ◽  
Energy Technology ◽  
Firm Level ◽  
Renewable Energy Technology ◽  
Market Factors

Renewable energy technology (RET) firms are key economic entities in the export of RET-related products and components, in which RET firms’ exports are affected largely by policy and market. Nonetheless, the effects of policy and market factors on RET firm-level export have never received attention from researchers. This study aims to fill the gap by taking a political economy approach to establish a structural equation model to analyze the path of political-economic factor-firms’ market orientation-based export. This study reveals that RET firms’ market-orientation-based export enhancement depends entirely on political forces. Particularly, two government intervention instruments, environmental policy and export promotion policy, were highlighted. However, the effects of renewable energy policies on the exports of RET firms through market orientation are negative and statistically significant. This study proves that the effects of inter-firm competition and market attractiveness on RET firms’ exports through their market orientation are negative and statistically significant and insignificant, respectively. Further, this study demonstrates that RET firms’ market orientation has a significant positive effect on their export performance. We conclude that in order to improve RET-related policy effectiveness and efficiency, it will be useful to consider firms’ heterogeneity in response to external factors. Additionally, a full mediation model in the academic investigation of the effects of various external factors, including public policies and market factors, on firm-level export, and the implementation of firm-level export-induced policy, taking into account firms’ managerial interpretations to external factors, should be considered.

scholarly journals An investigation into UK government policy and legislation to renewable energy and greenhouse gas reduction commitments

2019 ◽  
Vol 22 (2) ◽  
pp. 371-387 ◽  
Author(s):  
Blaid Raybould ◽  
Wai M. Cheung ◽  
Chris Connor ◽  
Ross Butcher
Keyword(s):  
Renewable Energy ◽  
Greenhouse Gas ◽  
Government Policy ◽  
Greenhouse Gas Emission ◽  
Government Support ◽  
Energy Technology ◽  
Renewable Energy Technology ◽  
Greenhouse Gas Reduction ◽  
Key Drivers ◽  
Energy Network

Abstract The UK has committed to various legally binding targets with regard to renewable energy technology and greenhouse gas reduction. As a result, government policy and legislation have been significant in investing in renewable energy technology, driving innovation since 1990. The aim of this work identifies the key drivers behind commitments and to assess the role of government, business and organisations in the uptake of renewable energy and the development of a decentralised energy network as a result of greenhouse gas emission reduction target. This article presents quantitative analysis of primary research from government and industry. The novel aspect of this investigation is that the conclusive outcomes arise as a result of a unique research method by combining primary and secondary sources with support of company data from Nestlé and Transport for London. The main findings demonstrated that government support is one of the key drivers for innovation into renewable technology; however, business and the public are necessary to bring renewables to market. Strategies have been identified to incorporate decentralised generation into industry for the commitment of renewables and to develop the required energy network of the future. Graphic abstract

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