Konferenzbeitrag

How does the development of the financial industry advance renewable energy? A panel regression study of 198 countries over three decades

Abstract We investigate how the development of the financial industry connects with renewable energy. We analyze 198 countries over three decades in various model settings (fixed effects, random effects, dynamic panel). We use a wide range of proxies for the development of the financial industry and establish that in general this development has a positive impact on renewable energy capacity. Especially, the relative size of the commercial banking industry as well as of private credit and the size of the financial industry play a crucial role in advancing renewable energy investments.

Language
Englisch

Bibliographic citation
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Environmental Economics III ; No. C13-V2

Classification
Wirtschaft
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Investment; Capital; Intangible Capital; Capacity
General Financial Markets: General (includes Measurement and Data)

Event
Geistige Schöpfung
(who)
Scholtens, Bert
Veldhuis, Rineke
Event
Veröffentlichung
(when)
2015

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Konferenzbeitrag

Associated

  • Scholtens, Bert
  • Veldhuis, Rineke

Time of origin

  • 2015

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