The role of market-oriented institutions in the deployment of renewable energies: evidences from Europe

Julien Jacqmin

Applied Economics, 2018, vol. 50, issue 2, 202-215

Abstract: Focusing on European countries, this article investigates the link between market-oriented institutions, as measured by the Economic Freedom Index, and the production of energy from renewable sources. A dynamic panel approach shows that this correlation is positive and significant while the subcomponents of the Economic Freedom Index reveal that not all market-oriented institutions have a similar impact. Indeed, long-term price stability and freedom to trade boost the reliance on renewable energies whereas the importance given to markets rather than governments has no significant impact.

Date: 2018
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Citations: View citations in EconPapers (11)

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Working Paper: The role of market-oriented institutions in the deployment of renewable energies: Evidences from Europe (2015)
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DOI: 10.1080/00036846.2017.1332749

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