 Analyzing the hysteresis properties and growth stability of renewable energy production of the U.SChien-Chiang Lee (), Omid Ranjbar () and Chi-Chuan Lee Applied Economics, 2021, vol. 53, issue 24, 2752-2770 Abstract: By applying the non-linear quantile unit-root test and Fourier quantile unit-root test, this research investigates the hysteresis properties and growth stability of total and disaggregated renewable energy productions in the U.S. from 1973:01 to 2019:08. Unlike traditional unit-root tests that fail to reject the unit-root hypothesis, our results indicate that all renewable energy production series are stationary, but the degrees of persistence for positive and negative shocks are energy source-specific. In most cases, the negative shocks have more long-lasting effects than positive shocks. Evidence also shows that the growth rates in total biomass, hydroelectric power, wind, and biofuel energies have experienced a slowdown/meltdown, while other types of renewable energies have exhibited increasing growth rates in the current decade. Knowledge of these hysteresis/stability properties can help prevent governments from initiating a ‘one-size-fits-all’ policy. Date: 2021 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:53:y:2021:i:24:p:2752-2770 Ordering information: This journal article can be ordered from DOI: 10.1080/00036846.2020.1869168 Access Statistics for this article Applied Economics is currently edited by Anita Phillips More articles in Applied Economics from Taylor & Francis Journals |
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