publication . Conference object . 2015

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

Scholtens, Bert; Veldhuis, Rineke;
Open Access English
  • Published: 01 Jan 2015
  • Publisher: ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburg
Abstract
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.
Subjects
free text keywords: C33, E22, G10, ddc:330
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Conference object . 2015
Provider: EconStor
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