The purpose of the study was to find a desirable competitiveness model of substitute energy in accordance with the environment change of new energy industry. The result is as follows.
Firstly, the effect of the internal environment factors (technology, economy and production) of new/renewable energy industry was investigated. The result thereof indicated that the independent variables, i.e. technology, economy and production factors, had the statistically meaningful positive effect (p<.01) on the competitiveness. Where an economy factor increased, the competitiveness rose by .374. Where a production factor increased, the competitiveness rose by .329 and where a technology factor increased, the competitiveness rose by .235.
Secondly, the effect of the external environment factors (market, legislation and industry) of new/renewable energy industry was investigated. The result thereof indicated that the independent variables, i.e. market, legislation and industry factors, had the statistically meaningful positive effect (p<.01) on the competitiveness. Where an industry environment factor increased, the competitiveness rose by .335. Where a legislation factor increased, the competitiveness rose by .324 and where a market environment factor increased, the competitiveness rose by .296.
All in all, we could learn that not only the internal environment factors of technology, economy and production factors but also the external environment factors of market, legislation and industry factors are critical to improve the competitiveness of the new/renewable energy industry. Therefore, both hypotheses 1 and 2 - technology, economy, production, legislation and industry environment as the internal & external environment for the new/renewable energy industry would make a meaningful positive effect on the competitiveness of the new/renewable energy industry - were adopted.
According to the findings as the foresaid, the higher technology, economy and production factors increase and the better market, legislation and industry environment, the higher the competitiveness of the new/renewable energy industry and the more correlated each other. Thereby, it is implied that an economic benefit could be warranted only if the competitiveness is improved by building a base for the industry infrastructure like the said.