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

Margaux Escoffier, Emmanuel Hache, Valérie Mignon () and Anthony Paris

Energy Economics, 2021, vol. 97, issue C

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

Keywords: Solar photovoltaic; Renewables deployment; Oil prices; Panel smooth transition regression. (search for similar items in EconPapers)
JEL-codes: C23 C24 Q4 Q42 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
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? (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:eee:eneeco:v:97:y:2021:i:c:s0140988320303649

DOI: 10.1016/j.eneco.2020.105024

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