Comparative Capitalisms and Energy Transitions: Renewable Energy in the European Union

35 Pages Posted: 17 Feb 2019

See all articles by Maria Allen

Maria Allen

Manchester Metropolitan University

Matthew M.C. Allen

University of Manchester - Alliance Manchester Business School

Douglas J. Cumming

Florida Atlantic University

Sofia Johan

Florida Atlantic University - Finance; Tilburg Law and Economics Center (TILEC)

Date Written: February 6, 2019

Abstract

We develop new theory pertaining to institutional determinants of renewable-energy usage across countries and over time. Building on key strands of the comparative capitalisms literature, we introduce new hypotheses relating to the 2009 Directive from the European Union (EU) on energy generation, as well as the impact of labour market regimes, national stock markets and M&A activity, among other ‘doing business’ conditions across countries. Based on a renewable energy data across 27 EU countries over a period of 11 years, we provide new tests of the determinants of renewable-energy usage. The data show strong and robust evidence of a causal impact of institutional determinants on renewable energy usage, consistent with a positive impact of the EU’s 2009 Directive, and other specific institutional factors. We discuss the implications for policy and practice.

Keywords: Institutional Theory; International Business; Varieties of Capitalism; Renewable Energy; European Union

Suggested Citation

Allen, Maria and Allen, Matthew M.C. and Cumming, Douglas J. and Johan, Sofia A., Comparative Capitalisms and Energy Transitions: Renewable Energy in the European Union (February 6, 2019). Available at SSRN: https://ssrn.com/abstract=3330052 or http://dx.doi.org/10.2139/ssrn.3330052

Maria Allen

Manchester Metropolitan University ( email )

All Saints
Manchester, M15 6BH
United Kingdom

Matthew M.C. Allen (Contact Author)

University of Manchester - Alliance Manchester Business School

Booth Street West
Manchester, M15 6PB
United Kingdom

Douglas J. Cumming

Florida Atlantic University ( email )

777 Glades Rd
Boca Raton, FL 33431
United States

HOME PAGE: http://booksite.elsevier.com/9780124095373/

Sofia A. Johan

Florida Atlantic University - Finance ( email )

777 Glades Rd
Boca Raton, FL 33431
United States

Tilburg Law and Economics Center (TILEC) ( email )

Warandelaan 2
Tilburg, 5000 LE
Netherlands

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