Are government energy technology research, development, and demonstration budgets converging or diverging? Insights from OECD countries

Kassouri Y., Bilgili F., Majok Garang A. P.

Technology Analysis & Strategic Management, cilt.34, ss.1-16, 2021 (SSCI)

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 34
  • Basım Tarihi: 2021
  • Doi Numarası: 10.1080/09537325.2021.1914330
  • Dergi Adı: Technology Analysis & Strategic Management
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, Academic Search Premier, IBZ Online, International Bibliography of Social Sciences, Periodicals Index Online, ABI/INFORM, Business Source Elite, Business Source Premier, EconLit, Educational research abstracts (ERA), Geobase, Public Affairs Index
  • Sayfa Sayıları: ss.1-16
  • Erciyes Üniversitesi Adresli: Evet

Özet

Accelerating the pace of energy technological innovation is essential to curb global climate change and build a clean energy system. Based on this idea, from the perspective of renewable energy technology gaps across countries, this study presents a thorough empirical analysis of the convergence of energy technology research, development, and demonstration (RD&D) budgets across OECD countries over 1985–2017. In doing so, we apply two-regimes threshold autoregressive approach to account for heterogeneity, nonlinearity, and transition path in energy technology RD&D convergence. One observation is that only a small number of advanced countries namely Canada, Japan, and the U.S. follow a nonlinear process and exhibit partial convergence in energy technology RD&D budgets with Japan as a transition country. Interestingly, our results also provide clear support for the global convergence of energy technology RD&D budgets once accounting for the two regimes jointly. These trends in national energy innovation policies could arguably help Canada, Japan, and the U.S. to drive up their energy RD&D trajectory into the future, suggesting that these countries would be able to achieve a more sustainable energy innovation supply system.