First Mover Advantage in the Renewable Energy Industry: Evidence from a Gravity Model

F. Branger (Speaker), P. Quirion (Speaker), Kuik, O. J. (Speaker)

Activity: Lecture / PresentationAcademic

Description

Pioneering domestic environmental regulation may foster the creation of new eco-industries. These industries could benefit from a First Mover Advantage and then be competitive internationally. This article studies the international trade of renewable energy products (wind and solar PV) and the impact of renewable energy policies on exports. We use a gravity model with a balanced dataset of 49 and 40 countries covering the period 1995-2013. The stringency of renewable energy policies are proxied by installed capacities. Our econometric model shows evidence of a first mover advantage, sustained in the wind industry and brief in the solar PV industry.
Period23 Jun 2016
Held at2016 EAERE Annual Conference
Event typeConference