Legislative fractionalization and partisan shifts to the left increase the volatility of public energy R&amp;D expenditures

Baccini, Leonardo; Urpelainen, Johannes

doi:10.1016/j.enpol.2012.03.016

Cited by 20 publications

(19 citation statements)

References 21 publications

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“…Other factors, such as learning-by-doing, private R&D expenditures, and knowledge spillovers from other sectors, are also significant. Fluctuating R&D programmes can be ineffective [24] because the supply of trained scientists and engineers is inelastic in the short run [34]. Critically, returns on R&D investment may decrease over time [35].…”

Section: Literature Review and Discussion Of The Methodsmentioning

confidence: 99%

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Financing Innovations for the Renewable Energy Transition in Europe

et al. 2016

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Renewable energy sources are vital to achieving Europe's 2030 energy transition goals. Technological innovation, driven by public expenditures on research and development, is a major driver for this change. Thus, an extensive dataset on these expenditures of the European Member States and the European Commission, dating back to the early 1970s, was created. This paper creates predictive scenarios of public investment in renewable energy research and development in Europe based on this historical dataset and current trends. Funding from both, European Member States and the European Commission, between today and 2030 are used in the analysis. The impact on the cumulative knowledge stock is also estimated. Two projection scenarios are presented: (1) business as usual; and (2) an advanced scenario, based on the assumption that the Mission Innovation initiative causes public expenditures to increase in the coming years. Both scenarios are compared to the European 2030 climate and energy framework target sets. Results indicate that Member States in Europe currently tend to fund renewables more than the European Commission, but funding from both sources is expected to increase in the future. Furthermore, the European Commission distributes its funding more equally across the various renewable energy sources than Member States.

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Section: Literature Review and Discussion Of The Methodsmentioning

confidence: 99%

“…inter alia Baccini and Urpelainen [24]. We developed both business-as-usual (BAU) and advanced scenarios, assuming that this trend continues until 2030.…”

Section: Scenarios Of Public Randd Expenditures Until 2030mentioning

confidence: 99%

Financing Innovations for the Renewable Energy Transition in Europe

et al. 2016

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“…The annual R&D expenditures of the EU member states have been fluctuating; cf. inter alia Baccini and Urpelainen . Assuming that this will be the same until 2020, we developed a business as usual (BAU) and an advanced scenario.…”

Section: Methodsmentioning

confidence: 99%

Scenarios of public energy research and development expenditures: financing energy innovation in Europe

Bointner

Pezzutto

Sparber

2016

WIREs Energy & Environment

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The aim of this study is to examine public expenditures for energy R&D in Europe and the resulting energy knowledge stock. After the first oil shock energy R&D became more and more important in Europe. The energy R&D distribution among technologies of the EU member states and the European Commission was similar in the 1980s with a strong focus on nuclear energy. Nowadays, energy efficiency and renewable energy technologies are of growing importance. The new program Horizon 2020 is expected to have an equal distribution between nonnuclear and nuclear energy R&D expenditures. The cumulative energy knowledge stock induced by public R&D expenditures amounts to approximately 36 billion EUR in 2013, whereupon the EU member states’ share is more than three times larger than the European Commission's share. The study provides knowledge stock scenarios for the next years under business as usual and changing conditions. According to the scenarios, the knowledge stock will increase to 48.5–55 billion EUR by 2023. For the first time, such comparison between the EU member states’ and the European Commission's R&D expenditures has been performed for a period of more than 30 years, obtaining a clear picture of the induced energy knowledge stock. WIREs Energy Environ 2016, 5:470–488. doi: 10.1002/wene.200 This article is categorized under: Energy Policy and Planning > Economics and Policy Energy and Development > Economics and Policy Energy Research & Innovation > Economics and Policy

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“…Following the implementation of any energy policy, facilitating knowledge increases requires time; additionally, scientific capacity, as an important driver of innovation [11], is somewhat inelastic to knowledge increases to a certain extent [64]. Further, both uncertainty and/or inefficiency in public policies reduce private incentives to invest [45,93], thus compromising the smooth running of various entrepreneurial activities. They decrease productivity in the RET sector [46].…”

Section: Summary and Policy Implicationsmentioning

confidence: 99%

Does Dynamic Efficiency of Public Policy Promote Export Prformance? Evidence from Bioenergy Technology Sector

Sung

Song

2017

Energies

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This study examines how the dynamic efficiency of public policy influences the export performance of bioenergy technologies in the short and long run using panel data over the 1995-2012 period for 16 countries that are members of the OECD. Various dynamic panel framework tests to check data characteristics are performed. The study found evidence of co-movement among the series, and set up the panel vector error correction mechanism to evaluate the short-and long-run Granger-causality between the following variables: dynamic efficiency of public policy, export, and environmental policy stringency. This study highlighted positive effects of the dynamic efficiency of public policy and environmental policy efforts on exports in both the short and long run. This study proposes policy considerations based on its results.

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Legislative fractionalization and partisan shifts to the left increase the volatility of public energy R&D expenditures

Cited by 20 publications

References 21 publications

Financing Innovations for the Renewable Energy Transition in Europe

Financing Innovations for the Renewable Energy Transition in Europe

Scenarios of public energy research and development expenditures: financing energy innovation in Europe

Does Dynamic Efficiency of Public Policy Promote Export Prformance? Evidence from Bioenergy Technology Sector

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