Policy uncertainty and renewable energy transition in the selected OECD countries: Do technological innovation and foreign direct investment matter?
Article
Saidi, Kais, Lamouchi, Ali and Rahman, Mohammad Mafzur. 2025. "Policy uncertainty and renewable energy transition in the selected OECD countries: Do technological innovation and foreign direct investment matter?" Environment Systems and Decisions. 45. https://doi.org/10.1007/s10669-025-10026-1
| Article Title | Policy uncertainty and renewable energy transition in the selected OECD countries: Do technological innovation and foreign direct investment matter? |
|---|---|
| ERA Journal ID | 212387 |
| Article Category | Article |
| Authors | Saidi, Kais, Lamouchi, Ali and Rahman, Mohammad Mafzur |
| Journal Title | Environment Systems and Decisions |
| Journal Citation | 45 |
| Article Number | 34 |
| Number of Pages | 17 |
| Year | 2025 |
| Publisher | Springer |
| Place of Publication | United States |
| ISSN | 2194-5403 |
| 2194-5411 | |
| Digital Object Identifier (DOI) | https://doi.org/10.1007/s10669-025-10026-1 |
| Web Address (URL) | https://link.springer.com/article/10.1007/s10669-025-10026-1 |
| Abstract | Renewable energy transition is a crucial issue for economic and environmental sustainability. Therefore, this research explores the relationship between policy uncertainty, innovation, foreign direct investment, and the adoption of renewable energy in a panel of 16 OECD countries from 1990 to 2023. Using the panel-VAR approach, the findings reveal intricate and dynamic linkages between technological innovation, political uncertainty, GDP, foreign direct investment (FDI), and renewable energy. The results, based on GMM estimations and VAR-Granger causality tests, highlight the importance of considering the long-term interactions among these variables. The cointegration of the variables underscores their interconnectedness over time, while the causality tests demonstrate the reciprocal effects that may arise between them. |
| Keywords | Panel-VAR model; Economic policy uncertainty; Innovation ; FDI ; RE ; Economic growth |
| Contains Sensitive Content | Does not contain sensitive content |
| ANZSRC Field of Research 2020 | 380199. Applied economics not elsewhere classified |
| 380204. Panel data analysis | |
| Public Notes | This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: https://doi.org/10.1007/s10669-025-10026-1 |
| Byline Affiliations | Qassim University, Saudi Arabia |
| Al-Mustaqbal University College, Iraq | |
| School of Business |
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