Gauging the impact of the strength of patent systems on renewable energy consumption

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dc.contributor.authorAlexiou, Constantinos
dc.date.accessioned2023-04-19T08:01:06Z
dc.date.available2023-04-19T08:01:06Z
dc.date.issued2023-04-19
dc.description.abstractIn recent years, renewable energy consumption has been at the centre stage of academic debate. Little is however known about the potential impact of the strength of patent systems (IPRs) and renewable consumption. This study addresses this issue using a GMM methodological framework for a panel of 47 developed and developing economies over the period 1998–2017. To the best of our knowledge this is the first study where two alternative indices that measure differences in strength of patent systems are employed to explore the underlying relationship whilst at the same time controlling for other potential determinants of renewable energy consumption. We find that protection of intellectual property rights across nearly all estimated models and country groups tends to have a negative impact on renewable energy consumption whilst a convex relationship is established when nonlinearities are explored. Finally, the global financial crisis is found to have a negative impact on renewable energy in both developed and developing economies. Further probing indicates that in a depressed economic environment the strength of IPRs might have a significant role to play in encouraging more renewable energy consumption.en_UK
dc.identifier.citationAlexiou C. (2023) Gauging the impact of the strength of patent systems on renewable energy consumption, Renewable Energy, Volume 210, July 2023, pp. 431-439en_UK
dc.identifier.eissn1879-0682
dc.identifier.issn0960-1481
dc.identifier.urihttps://doi.org/10.1016/j.renene.2023.04.086
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/19510
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.rightsAttribution-NonCommercial 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/*
dc.subjectRenewable energy consumptionen_UK
dc.subjectIntellectual property rightsen_UK
dc.subjectGlobal financial crisisen_UK
dc.subjectDeveloped and developing economiesen_UK
dc.subjectGeneralized method of momentsen_UK
dc.titleGauging the impact of the strength of patent systems on renewable energy consumptionen_UK
dc.typeArticleen_UK

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