Measuring the impact of nuclear accidents on energy policy
This paper investigates the effects of nuclear accidents on energy policy with the help of a panel dataset of 31 countries from 1965 to 2009, using annual data on the capacity of reactor construction starts, as well as the timing of three nuclear accidents scaled five or higher on the International Nuclear and Radiological Event Scale. After determining the extent of the accident impact in the different countries, I find that neither the Three Mile Island (TMI) nor the Lucens accidents had a worldwide negative effect on construction starts, while Chernobyl did. Three Mile Island had a lasting impact in the United States, however. I show that the effect of Chernobyl wore off in certain geographical clusters, after ten to thirty years. An accident is likely to have a negative and long lasting impact in the country where it happened, and possibly in countries affected by the direct consequences. I find that nuclear capacity enlargement shows a significant lock-in effect, but it was also driven by primary energy consumption and energy security considerations in the past five decades.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- M. Hashem Pesaran, 2007.
"A simple panel unit root test in the presence of cross-section dependence,"
Journal of Applied Econometrics,
John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
- Pesaran, M.H., 2003. "A Simple Panel Unit Root Test in the Presence of Cross Section Dependence," Cambridge Working Papers in Economics 0346, Faculty of Economics, University of Cambridge.
- Toth, Ferenc L. & Rogner, Hans-Holger, 2006. "Oil and nuclear power: Past, present, and future," Energy Economics, Elsevier, vol. 28(1), pages 1-25, January.
- Apergis, Nicholas & Payne, James E. & Menyah, Kojo & Wolde-Rufael, Yemane, 2010. "On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth," Ecological Economics, Elsevier, vol. 69(11), pages 2255-2260, September.
- Goodfellow, Martin J. & Williams, Hugo R. & Azapagic, Adisa, 2011. "Nuclear renaissance, public perception and design criteria: An exploratory review," Energy Policy, Elsevier, vol. 39(10), pages 6199-6210, October.
- Burke, Paul J., 2010.
"Income, resources, and electricity mix,"
Elsevier, vol. 32(3), pages 616-626, May.
- Judson, Ruth A. & Owen, Ann L., 1999. "Estimating dynamic panel data models: a guide for macroeconomists," Economics Letters, Elsevier, vol. 65(1), pages 9-15, October.
- Laes, Erik & Meskens, Gaston & van der Sluijs, Jeroen P., 2011. "On the contribution of external cost calculations to energy system governance: The case of a potential large-scale nuclear accident," Energy Policy, Elsevier, vol. 39(9), pages 5664-5673, September.
- Ahearne, John F., 2011. "Prospects for nuclear energy," Energy Economics, Elsevier, vol. 33(4), pages 572-580, July.
- Paul L. Joskow & John E. Parsons, 2012. "The Future of Nuclear Power After Fukushima," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
- Hayashi, Masatsugu & Hughes, Larry, 2013. "The Fukushima nuclear accident and its effect on global energy security," Energy Policy, Elsevier, vol. 59(C), pages 102-111.
- Hayashi, Masatsugu & Hughes, Larry, 2013. "The policy responses to the Fukushima nuclear accident and their effect on Japanese energy security," Energy Policy, Elsevier, vol. 59(C), pages 86-101.
- Reynolds, Douglas B. & Kolodziej, Marek, 2008. "Former Soviet Union oil production and GDP decline: Granger causality and the multi-cycle Hubbert curve," Energy Economics, Elsevier, vol. 30(2), pages 271-289, March.
- Kopytko, Natalie & Perkins, John, 2011. "Climate change, nuclear power, and the adaptation-mitigation dilemma," Energy Policy, Elsevier, vol. 39(1), pages 318-333, January.
- Zsuzsanna Csereklyei & Stefan Humer, 2012. "Modelling Primary Energy Consumption under Model Uncertainty," Department of Economics Working Papers wuwp147, Vienna University of Economics and Business, Department of Economics.
- Harding, Jim, 2007. "Economics of Nuclear Power and Proliferation Risks in a Carbon-Constrained World," The Electricity Journal, Elsevier, vol. 20(10), pages 65-76, December.
- Davidson, Russell, 2009. "Econometric Theory and Methods: International Edition," OUP Catalogue, Oxford University Press, number 9780195391053.
- Felder, Frank A., 2009. "A critical assessment of energy accident studies," Energy Policy, Elsevier, vol. 37(12), pages 5744-5751, December.
- Zhou, Yun & Rengifo, Christhian & Chen, Peipei & Hinze, Jonathan, 2011. "Is China ready for its nuclear expansion?," Energy Policy, Elsevier, vol. 39(2), pages 771-781, February.
- Romerio, Franco, 1998. "The risks of the nuclear policies," Energy Policy, Elsevier, vol. 26(3), pages 239-246, February.
- Glaser, Alexander, 2011. "After Fukushima: Preparing for a More Uncertain Future of Nuclear Power," The Electricity Journal, Elsevier, vol. 24(6), pages 27-35, July.
- Mez, Lutz, 2012. "Nuclear energy–Any solution for sustainability and climate protection?," Energy Policy, Elsevier, vol. 48(C), pages 56-63.
- Thomas, Steve, 2012. "What will the Fukushima disaster change?," Energy Policy, Elsevier, vol. 45(C), pages 12-17.
When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:99:y:2014:i:c:p:121-129. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.