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ID:
125792
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| Publication |
2013.
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| Summary/Abstract |
Using the Poisson pseudo-maximum likelihood estimation technique, this paper evaluates the effects of renewable electricity policies on renewable electricity generation using a large panel dataset that covers 122 countries over the period of 1980-2010. The results suggest that renewable electricity policies play a crucial role in promoting renewable electricity generation, but their effectiveness is subject to diminishing returns as the number of policies increases. There is also evidence that the effects of renewable electricity policies are more pronounced before 1996 as well as in developed and emerging market countries, and the negative policy interaction effect fades with the stage of economic development. Lastly, policy effectiveness varies by the type of renewable electricity policy and energy source. Only investment incentives and feed-in tariffs are found to be effective in promoting the development of all types of renewable energy sources for electricity considered in this paper.
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| 2 |
ID:
122945
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| Publication |
2013.
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| Summary/Abstract |
Using a large panel dataset that covers 116 countries and 5013 products over the period 1998-2010, this study evaluates the effects of export experience on the geographic expansion of China's exports. The results suggest that past export experience in geographically close and culturally similar markets plays a crucial role in facilitating new market entry, and the positive spillover effects are more pronounced for incumbent and successful products. The results also indicate that spillovers from export experience are market-specific and product-specific, and they are limited to within the same product class and the same market, with little cross-group effects. Finally, there is no strong evidence that export experience is more important for differentiated products than for homogeneous products, and the positive spillover effects are remarkable for both categories of products.
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| 3 |
ID:
175263
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| Summary/Abstract |
China's soaring outward foreign direct investment (OFDI) in the energy sector has attracted increasing attention, which is arguably intended to enhance China's energy security given its large oil deficit. This study attempts to empirically examine whether OFDI in the energy sector can help to enhance China's energy security by conducting an econometric analysis using a micro-level dataset. The results show that China's OFDI in energy does enhance its energy security by increasing the volume of oil imports from host countries for the investment and by diversifying China's sources of imports. On average, a 1% increase in energy OFDI to a country leads to a 1.2% increase in the probability of importing from that country and a 0.071% increase in the firm-level import volume. In addition, we find that the effects do not differ by investment mode (i.e. mergers and acquisitions or greenfield investments) but do differ by country type, as investments in developing countries can positively contribute to oil imports, whereas investments in developed countries do not have the same effect.
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