Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?

Margaux Escoffier, Emmanuel Hache, Valérie Mignon () and Anthony Paris
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Margaux Escoffier: IFPEN - IFP Energies nouvelles, EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper investigates the determinants of solar photovoltaic (PV) deployment in the electricity mix for a panelof OECD and BRICS countries from 1997 to 2016 by paying particular attention to the impact of oil market con-ditions. Relying on a nonlinear, regime-switching specification, we show that rising oil prices stimulate PV de-ployment only if their growth rate exceeds 6.7% per annum. Although wefind that various other determinantsmatter—with the influence of some of them depending on the situation on the oil market—public policies playa crucial role.

Keywords: Solar photovoltaic; Renewables deployment; Oil prices; Panel smooth transition regression. (search for similar items in EconPapers)
Date: 2021-05
New Economics Papers: this item is included in nep-ene and nep-isf
Note: View the original document on HAL open archive server: https://ifp.hal.science/hal-03339134
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Citations: View citations in EconPapers (5)

Published in Energy Economics, 2021, 97, pp.105024. ⟨10.1016/j.eneco.2020.105024⟩

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Related works:
Journal Article: Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter? (2021)
Working Paper: Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter? (2021)
Working Paper: Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter? (2019)
Working Paper: Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter? (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03339134

DOI: 10.1016/j.eneco.2020.105024

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