 Asymmetric between oil prices and renewable energy consumption in the G7 countriesYaoqi Guo, Chenxi Yu, Hongwei Zhang and Hui Cheng Energy, 2021, vol. 226, issue C Abstract: Understanding the dynamic relationship between oil prices and renewable energy is beneficial to promoting the development of the renewable energy market and the transition from fossil fuels to renewable energy, which will finally protect the environment. Based on the data of G7 countries from 1980 to 2018, this paper analyzes the short-term and long-term dynamic relationship between oil prices and renewable energy consumption (REC) by using linear and nonlinear autoregressive distributed lag models under the condition of structural fractures and then discusses its asymmetric characteristics. The results show that, except for France and Germany, the oil prices of other countries have a significant asymmetric effect on REC, but there is great heterogeneity between the countries. Specifically, in Canada, the U.S., and Italy, a positive change in oil prices has a greater impact on REC than a negative change, whereas in England and Japan, the results are just the opposite. Therefore, based on the heterogeneity between countries and the long- and short-term dynamic relationships reflected in the research results, this paper further discusses the policy implications. Keywords: Asymmetric; Oil prices; Renewable energy consumption; NARDL; G7 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:226:y:2021:i:c:s0360544221005685 DOI: 10.1016/j.energy.2021.120319 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.