Next Article in Journal
Measurement and Modelling of Leakage Current Behaviour in ZnO Surge Arresters under Various Applied Voltage Amplitudes and Pollution Conditions
Previous Article in Journal
State-of-Charge Balancing Control of a Modular Multilevel Converter with an Integrated Battery Energy Storage
Open AccessArticle

Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market

by 1 and 2,*
1
Department of International Trade, Kyonggi University, 154-42, Gwanggyosan-ro, Yeongtong-gu, Suwon 16227, Gyeonggi-do, Korea
2
College of Economics and Management, Yanbian University, No. 977, Gongyuan Road, Yanji 133002, China
*
Author to whom correspondence should be addressed.
Energies 2018, 11(4), 874; https://doi.org/10.3390/en11040874
Received: 13 March 2018 / Revised: 3 April 2018 / Accepted: 3 April 2018 / Published: 9 April 2018
(This article belongs to the Section Sustainable Energy)
This study explores how political–economic forces could affect export performance in the renewable energy technologies market. We conduct panel framework analyses to verify the characteristics of panel data for 19 countries before establishing the panel estimator meant to test the effects of political–economic forces on export specialization. We consider the results of the panel framework analyses and develop an empirical model to test casual dynamic relationships between political–economic forces and export performance. The results from the least squares dummy variable-corrected estimation indicate that the major factors promoting the export specialization of renewable energy technologies are, in order of decreasing importance, public pressure, market size, and government demand-pull policy. However, the traditional energy industry has no significant effect on export performance. Finally, this study finds that dynamic effects exist in all estimations. View Full-Text
Keywords: political–economic forces; export performance; panel vector autoregressive model political–economic forces; export performance; panel vector autoregressive model
Show Figures

Figure A1

MDPI and ACS Style

Sung, B.; Wen, C. Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market. Energies 2018, 11, 874. https://doi.org/10.3390/en11040874

AMA Style

Sung B, Wen C. Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market. Energies. 2018; 11(4):874. https://doi.org/10.3390/en11040874

Chicago/Turabian Style

Sung, Bongsuk; Wen, Cui. 2018. "Causal Dynamic Relationships between Political–Economic Factors and Export Performance in the Renewable Energy Technologies Market" Energies 11, no. 4: 874. https://doi.org/10.3390/en11040874

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Search more from Scilit
 
Search
Back to TopTop