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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Veröffentlicht in:Energy policy Jg. 135; S. 111002
Hauptverfasser: Sun, Huaping, Edziah, Bless Kofi, Sun, Chuanwang, Kporsu, Anthony Kwaku
Format: Journal Article
Sprache:Englisch
Veröffentlicht: Kidlington Elsevier Ltd 01.12.2019
Elsevier Science Ltd
Schlagworte:
Australia
Bahrain
Belize
Carbon
Clean energy
Clean technology
Developing countries
Efficiency
Energy consumption
Energy efficiency
Energy policy
Energy use
funding
Germany
Ghana
Green innovation
Green technology
Iceland
Innovations
Institutional quality
issues and policy
Jamaica
Japan
LDCs
Malta
Panama
Power efficiency
Sierra Leone
Singapore
sustainable technology
Technology
United States
Singapore
United States
Japan
Belize
Ghana
Sierra Leone
Bahrain
Iceland
Malta
Panama
Australia
Jamaica
Germany
Institutional quality
Energy consumption
Energy efficiency
Energy use
Green innovation
Green technology
ISSN:0301-4215, 1873-6777
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Zusammenfassung: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. •Examining the impact of green technology on energy efficiency.•Accounting for the effects of institutional quality on energy efficiency.•Modelling energy efficiency in the parametric Shephard energy distance model.•Clarifying the cross-country disparities in energy efficiency for 71 economies.
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SourceType-Scholarly Journals-1
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ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2019.111002