신재생에너지산업에서 정책지원강도와 국제경쟁력 간 관계 분석

An Analysis of the Effects of the New Renewable Energy Policies on International Competitiveness

This study investigates the relationship between government policy supports and competitiveness using panel data for new renewable energy industry from 78 countries over the period 2007-2014. We used fixed effect modes to test the relationship between government policy supports, competitiveness, innovation level, and socio-economic impact. The results of this study show that difference in innovation level between high-income country and the remaining country groups is lager compared to difference in government policy support between the two groups. This study indicates that government policy supports, the ratio of new renewable energy generation to policy goal and regulatory policies, have positive effects on competitiveness, measured as both export and trade specialization index (TSI) in OECD member countries. Regulatory policies positively affect TSI in all country groups but fiscal incentives and public financing significantly does not affect. Overall, the effects of government policy supports on competitiveness are statistically significant in high-income country group. We propose implications based on the results of this study, and the limitations of this paper.