Dynamic growth in a photovoltaic market
by Charles A. Jones
International Journal of Technology, Policy and Management (IJTPM), Vol. 12, No. 2/3, 2012

Abstract: The growth of a new industry is a dynamic process governed by both reinforcing and goal seeking feedback, which are in turn created by entrepreneurs, policy-makers, industry leaders and other actors. In this paper I present a system dynamics model of the growth of a new industry based on the features of a local photovoltaic market. The model includes features unique to the adoption of renewable energy, along with some applicable to a growing industry in general. Analysis reveals important lessons for policy and strategy: building strong feedback and coordinated and sustained action are the highest leverage interventions for growth.

Online publication date: Wed, 31-Dec-2014

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