IESET.
Hypotheses·energy·public_investment_green_capacity_crowding_in_panel

Public investment crowds in renewable capacity and private investment during slack periods, but is refuted if higher public investment systematically displaces private capital without capacity gains.

PARTIALengine/runs/public_investment_green_capacity_crowding_in_panel

PARTIAL — coef=-0.04515, p=0.58 (above α=0.1); direction inconclusive

confidence cueThe result is useful, but not decisive. Treat it as a clue, not a settled conclusion.

policy briefMixed or noisy

In ordinary language

In plain terms, this asks whether gross fixed capital formation is actually linked to better or worse renewable electricity share from 1990 to 2024.

plain answer

The evidence is suggestive but not decisive. coef=-0.04515, p=0.58 (above α=0.1); direction inconclusive

why it matters

This matters because energy claims should change belief only when they survive a pre-declared empirical test.

how the test works

It compares 1 country or place units from 1990 to 2024, using a panel fe design, with fixed effects for country and year.

what was measured
What changed
  • Gross fixed capital formation
What we checked
  • Renewable electricity share
what this does not prove

A single test is not the whole truth. It narrows the claim under a specific sample, time period, and method. Strong policy conclusions need the pattern to survive nearby tests, alternative data, and serious objections.

verification

No evidence packet has been generated yet.

Results

engine/runs/public_investment_green_capacity_crowding_in_panel
1007550250199020072024GLOBAL
illustrative sketch · run pending
No coefficients yet. When the model fires, this chart will show renewable_electricity_share across 1 sampled countries over 1990–2024.
The shapes above are stylised — none of the lines are real data.
Placeholder for public_investment_green_capacity_crowding_in_panel. Published chart will be generated from engine/runs/public_investment_green_capacity_crowding_in_panel/chart_data.json.

Who has skin in the game — schools predicting on this

17 schools list this hypothesis as a test of their position. The chips below are school-level scoreboard outcomes, not a second hypothesis verdict.

hypothesis verdict vs scoreboard outcome

The banner verdict judges this hypothesis as written. The scoreboard asks whether each school's polarity-corrected prediction was right. Raw status is not a school win: SUPPORTED supports schools that needed SUPPORTED, but refutes schools that needed REFUTED.

Austrian Business Cycle Theory (ABCT)wins if REFUTEDpartial/no-callChicago School Monetarismwins if REFUTEDpartial/no-callClassical Liberalwins if REFUTEDpartial/no-callDegrowth / Ecological Macroeconomicswins if SUPPORTEDpartial/no-callDemocratic Socialism (Bernsteinian revisionism + modern)wins if SUPPORTEDpartial/no-callStructuralist / Developmentalistwins if MIXEDpartial/no-callEco-Socialism / Red-Greenwins if SUPPORTEDpartial/no-callEmpirical Pragmatist (the framework's house position)wins if MIXEDpartial/no-callNew Institutional Economicswins if MIXEDpartial/no-callMarket Socialism (Lange-Lerner tradition)wins if MIXEDpartial/no-callMarxian Political Economywins if MIXEDpartial/no-callMarxism-Leninism (central-planning implementation)wins if MIXEDpartial/no-callModern Monetary Theorywins if MIXEDpartial/no-callNew Keynesian (mainstream synthesis)wins if MIXEDpartial/no-callOrdoliberalism (Freiburg School)wins if MIXEDpartial/no-callPost-Keynesianwins if MIXEDpartial/no-callSocial Democraticwins if SUPPORTEDpartial/no-call

Pre-registration

pre-registered
first-spec commit dcd2199 · 2026-05-22T22:28:02Z
run generated · 2026-06-29T17:52:09Z

Public investment crowds in renewable capacity and private investment during slack periods, but is refuted if higher public investment systematically displaces private capital without capacity gains.

Falsification criterion — what would disprove this

set before the run · honoured after

This hypothesis is considered falsified if:

SUPPORTED if the primary treatment coefficient has the pre-registered + sign at p<=0.10 with minimum sample gates. REFUTED if the coefficient has the opposite sign at p<=0.10. Otherwise PARTIAL; missing data or failed sample gates are INCONCLUSIVE_DATA_PENDING.

formal test & threshold
test:      panel_fe_public_investment_green_capacity_crowding_in_panel
threshold: [object Object]

Method

Template
panel_fe
Fixed effects
country, year
Clustering
country
Sample
1 countries · 1990 – 2024
Evidence type
associational

Alias-batch panel fixed effects screen. The proxy source is explicitly local and runnable, but exact policy semantics should be upgraded before scoreboard conversion.

Data

VariableSourceTransform
renewable_electricity_share
outcome
owid:share-electricity-renewablestier 2
level
gross_fixed_capital_formation
treatment
world_bank_wdi:NE.GDI.FTOT.ZStier 2
level_lagged_one_year
log_gdp_pc
control
world_bank_wdi:NY.GDP.PCAP.KDtier 2
log
trade_openness
control
world_bank_wdi:NE.TRD.GNFS.ZStier 2
level
government_effectiveness
control
wgi:GE.ESTtier 4
level

● ready  · ● pending  · ● reconstruct-needed

Detailed result card

Result card — public_investment_green_capacity_crowding_in_panel

Verdict: PARTIAL — coef=-0.04515, p=0.58 (above α=0.1); direction inconclusive

Pre-registration

  • Claim: Public investment crowds in renewable capacity and private investment during slack periods, but is refuted if higher public investment systematically displaces private capital without capacity gains.
  • Falsification rule: SUPPORTED if the primary treatment coefficient has the pre-registered + sign at p<=0.10 with minimum sample gates. REFUTED if the coefficient has the opposite sign at p<=0.10. Otherwise PARTIAL; missing data or failed sample gates are INCONCLUSIVE_DATA_PENDING.
  • Falsification test: panel_fe_public_investment_green_capacity_crowding_in_panel

Estimate

  • Method: linearmodels.PanelOLS
  • Coefficient (treatment): -0.04515
  • Std error: 0.08155
  • p-value: 0.58
  • Observations: 3251, countries: 140
  • Within R²: 0.0586
  • Fixed effects: entity=True, time=True
  • Clustering: country

Variables resolved

  • owid:share-electricity-renewables → renewable_electricity_share (outcome, publisher=owid, n=7030)
  • world_bank_wdi:NE.GDI.FTOT.ZS → gross_fixed_capital_formation (treatment, publisher=world_bank_wdi, n=9870)
  • world_bank_wdi:NY.GDP.PCAP.KD → log_gdp_pc (controls, publisher=world_bank_wdi, n=12104)
  • world_bank_wdi:NE.TRD.GNFS.ZS → trade_openness (controls, publisher=world_bank_wdi, n=10714)
  • wgi:GE.EST → government_effectiveness (controls, publisher=wgi, n=5168)

Generated by scripts/run_panel_fe.py at 2026-06-29T17:52:09+00:00

Strongest opposing argument

Every hypothesis ships with its charitable opposing argument. The framework earns credibility by handling objections at their strongest, not weakest.

Notes

Source shard: engine/audits/swarm_2026-05-22_200_hypotheses_worker_B_left_intervention.md. Backlog source families: IMF public investment, WDI investment, IRENA capacity, Eurostat government capital expenditure.. Alias proxy used: world_bank_wdi:NE.GDI.FTOT.ZS -> owid:share-electricity-renewables. Initial promotion pass left scoreboard mapping empty; mapped by the 2026-05-22 swarm scoreboard conversion v1.

Authored framework. Read the transparency note.