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income countriesgovernance investmentincome levelgood governanceenergy investmentupper middlemiddle incomeclimate changedeveloping countrieseconomic developmentrenewable energycapital flowslucas paradoxlevel countrylink goodgovernance economicdevelopment renewableinvestment evidenceevidence upperinternational capitalflows lucasparadox patternspatterns determinantsdeterminants debatesenergy playplay vitalvital rolesustainable energychange investmentinvestment renewablemajor contributorcontributor globalglobal carboncarbon dioxidedioxide emissionsemissions importantimportant recoverychange damagedamage existingexisting literatureliterature suggestssuggests governanceinstitutional qualityquality importantimportant determinantdeterminant renewableinvestment investmentinvestment governanceremained unchangedrecent pastrole governanceinvestment umicinfluence governanceinvestment dependsols panelpanel correctedcorrected standardstandard errorserrors panelpanel fixedfixed effectseffects modelssuggest goodgovernance raisesraises investmentparticular controlcontrol corruptioncorruption governmentgovernment effectivenesseffectiveness regulatoryquality rule
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