Inquiry Publications

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  How Does the Development of the Financial Industry Advance Renewable Energy?

  Date: 15-Aug-2015

  This paper investigates how the development of the financial industry connects with renewable energy. The authors analyze 198 countries over three decades in various model settings (fixed effects, random effects, dynamic panel). They use a wide range of proxies for the development of the financial industry and establish that in general this development has a positive impact on renewable energy capacity.