Impact of technological innovation and formal institutions in renewable energy transition

Makun, Keshmeer (2026) Impact of technological innovation and formal institutions in renewable energy transition. Energy Policy, 214 . pp. 1-15. ISSN 0301-4215

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Abstract

The shift to a low-carbon economy is advanced by renewable energy, which is also an effective means of ensuring
energy sustainability. Technological innovation and formal institutions are considered to be some of the main enablers of the renewable energy transition. This study examines the effect of formal institutions and technological innovation on renewable energy across 91 countries from 2002 to 2022 using the dynamic system GMM method. Subsample analysis is performed to consider differences in the dataset in terms of technology infrastructure, formal institutions, economic development and energy systems. A panel threshold model is used to
examine the potential asymmetry of formal institutions on the impact of technological innovation on renewable energy. The result reveals that for the aggregate country sample, technological innovation and formal institutions promote renewable energy. However, subsample estimates reveal that the impact of technological innovation and formal institution contrast in developing and developed country samples. Further, depending on the level of institutional quality, the impact of technological innovation varies significantly and exerts asymmetric relationships.

Item Type:	Journal Article
Uncontrolled Keywords:	Renewable energy Technological innovation Formal institutions Dynamic panel
Subjects:	Q Science > QC Physics > QC1-75 General
Divisions:	School of Accounting, Finance and Economics (SAFE)
Depositing User:	Nirma Narayan
Date Deposited:	12 Apr 2026 21:23
Last Modified:	12 Apr 2026 23:31
URI:	https://repository.usp.ac.fj/id/eprint/15334

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