| Title |
Assessing the impact of energy R&D on green growth in OECD countries: a CS-ARDL analysis |
| ID_Doc |
31771 |
| Authors |
Eid, AG; Mrabet, Z; Alsamara, M |
| Title |
Assessing the impact of energy R&D on green growth in OECD countries: a CS-ARDL analysis |
| Year |
2024 |
| Published |
|
| DOI |
10.1007/s10018-024-00413-4 |
| Abstract |
Since the introduction of the OECD innovation and green growth strategies in 2007 and 2011, respectively, the OECD countries have been actively engaged in supporting green energy R&D to accelerate the development of clean energy technologies. Specifically, the OECD recognizes that both renewable energy R&D and energy efficiency R&D are key components of a low-carbon and sustainable energy system. This study aims to assess the impact of disaggregated energy R&D on green growth in 21 high-income OECD countries, from 1990 to 2021. Two key green growth indicators, namely energy productivity and CO2 productivity, are used as response variables. The long-run CS-ARDL model results show that renewable energy R&D and fossil fuel R&D have a positive and significant impact on energy productivity in all model specifications, with renewable energy R&D exhibiting a relatively stronger impact compared to fossil fuel R&D. The long-run effects of the disaggregated energy R&D variables on CO2 productivity align with the results of the energy productivity model. Based on the study's findings, policymakers should consider reallocating the energy R&D budget towards renewable energy R&D, fostering international collaboration between OECD countries in renewable energy R&D, and implementing technology-specific policies to encourage investment in renewable energy technologies. |
| Author Keywords |
Energy R&D; Green growth; Energy productivity; CO2; Productivity; OECD; Renewable energy; CS-ARDL |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Emerging Sources Citation Index (ESCI) |
| EID |
WOS:001310443900001 |
| WoS Category |
Economics |
| Research Area |
Business & Economics |
| PDF |
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