Country-level Risk and Green Energy Transition: Evaluating Political Risk and Human Capital in OECD Economies
Country-level Risk and Green Energy Transition: Evaluating Political Risk and Human Capital in OECD Economies
Author(s): Xinling Wang, Yufei Gan, Yun Zhou, Dingwen Si, Xiangying Cui, Jiale YanSubject(s): Business Economy / Management, Energy and Environmental Studies, Political Sciences, Public Finances, Human Resources in Economy, Socio-Economic Research
Published by: Vysoká škola ekonomická v Praze
Keywords: Green energy transition; political risk; human capital; financial risk; economic risk; eco-innovation; energy efficiency; economic growth;
Summary/Abstract: This study examines factors influencing the green energy transition in OECD economies from 2004 to 2020. Using diagnostic measures, the study validates heterogeneity of slopes and cross-sectional dependence in the panel, while confirming cointegration between green energy, political risk, economic risk, financial risk, human capital, eco-innovation, and energy efficiency. Fixed effect and random effect approaches reveal that political risk, human capital, and energy efficiency are significant drivers of the green energy transition, while economic expansion, financial risk, and economic risk act as barriers. Linear regression with heteroskedastic panel-corrected standard errors confirms these findings. The study recommends minimizing political, financial, and economic risks and improving environment-related R&D investment to boost the green energy transition.
Journal: Politická ekonomie
- Issue Year: 73/2025
- Issue No: Spec. I
- Page Range: 215-242
- Page Count: 28
- Language: English
