Economic Analysis: Theory and Practice

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Measuring the efficiency of government support measures for renewable energy and energy efficient economy: A review of approaches

Vol. 18, Iss. 8, AUGUST 2019

Received: 15 May 2019

Received in revised form: 14 June 2019

Accepted: 12 July 2019

Available online: 30 August 2019


JEL Classification: O44, Q01

Pages: 1428–1447

Ratner S.V. V.A. Trapeznikov Institute of Control Sciences, Russian Academy of Sciences (ICS RAS), Moscow, Russian Federation

Gomonov K.G. Peoples' Friendship University of Russia (RUDN University), Moscow, Russian Federation

Subject The article addresses the issues of quantitative assessment of performance of State institutions for fostering the development of renewable energy and energy efficiency.
Objectives We review methods and models for measuring the performance of government mechanisms and direct measures aimed at boosting the renewable energy and energy efficiency.
Methods The study employs methods of bibliographic and comparative analysis.
Results The algorithms of most models in terms of predicting the effect of various stimulating measures for green technologies development lack transparency. This may lead to both deliberate distortion of the results of forecasting and modeling (to promote solutions that are beneficial for certain stakeholder groups) and unintentional errors caused by the focus on socio-economic development patterns, which are specific only to advanced market economies and stable institutional environment.
Conclusions While there are many models for predicting the impact and assessing the efficiency of government incentives for the development of renewable energy and energy efficient technologies, their direct application (without adaptation) in the Russian economy seems inappropriate.

Keywords: economic policy, performance assessment, system dynamics, computable general equilibrium model, social account matrix


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