Schiphof, Niek (2023) Regional Competitiveness in the Renewable Energy Sector; A quantitative estimation of the effectiveness of policy. Master thesis.
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Abstract
Despite the rising pressure of climate change and governments around the world to decrease carbon emissions, the Renewable Energy sector is still relatively non-competitive in a free market environment. This sets the stage for research on the influence of policy implementation that aims at fostering Renewable Energy competitiveness. The main focus of this paper is to address policy implementation and its effect on competitiveness of Renewable Energy markets, by using quantitative data on Renewable Energy policies and other socio-economic factors from the states of the U.S. Spatial spillover effects are investigated by using spatial econometric models to further expand the understanding of dynamics in the Renewable Energy Sector. Policy diffusion is the main argument behind spatial spillover effects, where states resemble policies adopted by other states. Clear evidence for the desired effect of policymakers to increase Renewable Energy competitiveness is not found in this research. The presence of local capital and a strong labor force in a region dominates the effect of the accumulation of Renewable Energy policies implemented. One form of policy, financial incentives, is found to have an indirect positive effect on competitiveness in other states. Endogenous spillover effects are found within the dataset, being positive in the short run and negative in the long run. The findings call for more attention to the quality of the region-specific policy landscape and the dynamics of the Renewable Energy sector, in order to increase competitiveness in the Renewable Energy Sector.
| Item Type: | Thesis (Master) |
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| Degree programme: | Economic Geography: Regional Competitiveness and Trade (track) |
| Supervisor: | Venhorst, V.A. |
| Date Deposited: | 14 Feb 2023 11:02 |
| Last Modified: | 14 Feb 2023 11:02 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4126 |
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