Assessing the competitiveness of solar photovoltaic products in comprehensive and progressive agreement for trans-pacific partnership countries

Abstract

Solar PV enables the conversion of solar energy into electricity and has become a clean energy technology for economic development. The advantages and disadvantages of solar photovoltaic vary among CPTPP member nations; nevertheless, since the CPTPP’s implementation, fewer researchers have evaluated the member countries’ solar photovoltaic goods’ level of international competitiveness. In order to correct the flaw that the RCA index can only be studied from trade volume, this study adopts the IRCA index method and the revised CMS model, which integrates a number of variables to analyze the competitiveness of solar photovoltaic in each country. The study’s findings indicate that: (1) the structural effect has a significant impact on export growth, particularly during the epidemic period, when Australia’s contribution rate reached 106.58%; (2) the competitiveness effect has a lesser impact on export growth, and the epidemic led to a decline in competitiveness, with Japan’s contribution rate reaching -262.85%; (3) the second-order effect has a declining trend in its contribution rate of export growth; (4) the export competitiveness of solar PV products differs between CPTPP countries, with power supply products having the most export competitiveness and solar cells having a steady comparative advantage in a weaker state. Apart than Japan, the remaining nations’ comparative advantages for PV products are less than 1. Based on the above research findings, this paper puts forward the corresponding policy recommendations.