Energy market liberalisation and renewable energy policies in oecd countries

Francesco Vona and Francesco Nicolli

No 2013-10, Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE)

Abstract: We analyse the impact of market liberalisation on renewable energy policies in OECD countries. To this end, we first develop an aggregated indicator of renewable energy policies using principal components analysis and then examine its determinants through panel data techniques. Our results are consistent with the predictions of political-economy models of environmental policies, as brown lobbying, proxied by entry barriers in the energy sector, and citizens preferences have the expected effects on policy. Brown lobbying has a negative effect on the policy indicator, even when accounting for endogeneity in its effects in a dynamic panel specification and using different policy indicators.Reducing income inequality,the ratification of the Kyoto protocol and stronger green parties all positively affect the approval of more ambitious policies but with less robust results.

Keywords: Renewable energy policy; Energy market liberalisation; Political economy. (search for similar items in EconPapers)
JEL-codes: D72 O38 Q42 Q48 (search for similar items in EconPapers)
Date: 2013-07
New Economics Papers: this item is included in nep-cdm, nep-ene, nep-eur, nep-law, nep-pol, nep-reg and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Energy market liberalization and renewable energy policies in OECD countries (2019)
Working Paper: Energy market liberalization and renewable energy policies in OECD countries (2019)
Working Paper: Energy market liberalization and renewable energy policies in OECD countries (2014)
Working Paper: Energy market liberalisation and renewable energy policies in OECD countries (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:fce:doctra:1310

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