EconPapers    
Economics at your fingertips  
 

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: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0140988320303649
Full text for ScienceDirect subscribers only

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) Downloads
Working Paper: Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter? (2019) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:97:y:2021:i:c:s0140988320303649

DOI: 10.1016/j.eneco.2020.105024

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2021-10-07
Handle: RePEc:eee:eneeco:v:97:y:2021:i:c:s0140988320303649