Institutional quality, green innovation and energy efficiency
This paper examines the energy efficiency performance of a sample of 71 developed and developing countries between 1990 and 2014. In most current energy literature, the transition to green technology is seen as a sustainable way to achieve a low-carbon or carbon-free environment. Bearing this in min...
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ftrepec:oai:RePEc:eee:enepol:v:135:y:2019:i:c:s0301421519305890 2024-04-14T08:13:43+00:00 Institutional quality, green innovation and energy efficiency Sun, Huaping Edziah, Bless Kofi Sun, Chuanwang Kporsu, Anthony Kwaku http://www.sciencedirect.com/science/article/pii/S0301421519305890 unknown http://www.sciencedirect.com/science/article/pii/S0301421519305890 article ftrepec 2024-03-19T10:31:58Z This paper examines the energy efficiency performance of a sample of 71 developed and developing countries between 1990 and 2014. In most current energy literature, the transition to green technology is seen as a sustainable way to achieve a low-carbon or carbon-free environment. Bearing this in mind, we argue further that adopting green technology needs a strong backing and funding of reliable government institutions to shift the country's paradigm. Considering this issue, we adopt the parametric stochastic frontier approach built on the shepherd distance function to evaluate the effects of both governmental institutions and green technologies on energy efficiency. We find evidence of a significant positive influence of both green innovation and institutional quality on energy efficiency enhancement having controlled for some variables. Regarding energy efficiency levels of the individual countries- USA, Japan, Germany and Australia lead the chart while Belize, Panama, Singapore, Malta, Sierra Leone, Iceland, Jamaica, Bahrain and Ghana are the least energy efficient countries. Policy implications are further discussed. Energy efficiency; Energy use; Energy consumption; Institutional quality; Green innovation; Green technology; Article in Journal/Newspaper Iceland RePEc (Research Papers in Economics) |
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This paper examines the energy efficiency performance of a sample of 71 developed and developing countries between 1990 and 2014. In most current energy literature, the transition to green technology is seen as a sustainable way to achieve a low-carbon or carbon-free environment. Bearing this in mind, we argue further that adopting green technology needs a strong backing and funding of reliable government institutions to shift the country's paradigm. Considering this issue, we adopt the parametric stochastic frontier approach built on the shepherd distance function to evaluate the effects of both governmental institutions and green technologies on energy efficiency. We find evidence of a significant positive influence of both green innovation and institutional quality on energy efficiency enhancement having controlled for some variables. Regarding energy efficiency levels of the individual countries- USA, Japan, Germany and Australia lead the chart while Belize, Panama, Singapore, Malta, Sierra Leone, Iceland, Jamaica, Bahrain and Ghana are the least energy efficient countries. Policy implications are further discussed. Energy efficiency; Energy use; Energy consumption; Institutional quality; Green innovation; Green technology; |
format |
Article in Journal/Newspaper |
author |
Sun, Huaping Edziah, Bless Kofi Sun, Chuanwang Kporsu, Anthony Kwaku |
spellingShingle |
Sun, Huaping Edziah, Bless Kofi Sun, Chuanwang Kporsu, Anthony Kwaku Institutional quality, green innovation and energy efficiency |
author_facet |
Sun, Huaping Edziah, Bless Kofi Sun, Chuanwang Kporsu, Anthony Kwaku |
author_sort |
Sun, Huaping |
title |
Institutional quality, green innovation and energy efficiency |
title_short |
Institutional quality, green innovation and energy efficiency |
title_full |
Institutional quality, green innovation and energy efficiency |
title_fullStr |
Institutional quality, green innovation and energy efficiency |
title_full_unstemmed |
Institutional quality, green innovation and energy efficiency |
title_sort |
institutional quality, green innovation and energy efficiency |
url |
http://www.sciencedirect.com/science/article/pii/S0301421519305890 |
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Iceland |
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Iceland |
op_relation |
http://www.sciencedirect.com/science/article/pii/S0301421519305890 |
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1796311773313236992 |