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Innovations and renewables in the Nordic countries: a panel causality approach
Kristianstad University, Faculty of Business, Avdelningen för ekonomi.ORCID iD: 0000-0003-0447-9349
2018 (English)In: Technology in society, ISSN 0160-791X, E-ISSN 1879-3274, Vol. 54, p. 87-92Article in journal (Refereed) Published
Abstract [en]

Most studies on the relationship between technological innovations and renewable energy consumption have focused on the role of technological innovations in the link between energy consumption and economic growth, with no deep analysis of direct causality between renewable energy and technological innovation. This study examines the direct causal relationship between technological innovation and renewables in the four Nordic countries by using the bootstrap panel Granger causality approach that accounts for both cross-sectional dependence and slope heterogeneity across countries. The results show a unidirectional causality running from technological innovations to renewable energy in Denmark and Norway, and a unidirectional causality running from renewables to innovations in Sweden and Finland. The main reasons of the divergent results could be energy mix, role of nuclear energy, the different economic structures, and role of policies. The policy implications are that technological innovations play an effective role in renewable energy consumption and renewable energy itself spurs innovations. Thus, speeding up the transition to renewable energy requires investment in technological innovations.

Place, publisher, year, edition, pages
2018. Vol. 54, p. 87-92
Keywords [en]
RNNewable energy; Technological innovation; Causality; The Nordic countries
National Category
Social Sciences
Identifiers
URN: urn:nbn:se:hkr:diva-17949DOI: 10.1016/j.techsoc.2018.03.007ISI: :000441279900011OAI: oai:DiVA.org:hkr-17949DiVA, id: diva2:1194532
Available from: 2018-04-03 Created: 2018-04-03 Last updated: 2018-08-23Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf