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

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  • Julien Jacqmin

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.

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  • Julien Jacqmin, 2018. "The role of market-oriented institutions in the deployment of renewable energies: evidences from Europe," Applied Economics, Taylor & Francis Journals, vol. 50(2), pages 202-215, January.
    • Handle: RePEc:taf:applec:v:50:y:2018:i:2:p:202-215
    DOI: 10.1080/00036846.2017.1332749
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    Cited by:

    1. kos Hamburger & G bor Harangoz, 2018. "Factors Affecting the Evolution of Renewable Electricity Generating Capacities: A Panel Data Analysis of European Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 161-172.
    2. Yu-Xia Tu & Oleksandr Kubatko & Vladyslav Piven & Iryna Sotnyk & Tetiana Kurbatova, 2022. "Determinants of Renewable Energy Development: Evidence from the EU Countries," Energies, MDPI, vol. 15(19), pages 1-14, September.
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    4. Gozgor, Giray & Mahalik, Mantu Kumar & Demir, Ender & Padhan, Hemachandra, 2020. "The impact of economic globalization on renewable energy in the OECD countries," Energy Policy, Elsevier, vol. 139(C).
    5. Chaikumbung, Mayula, 2021. "Institutions and consumer preferences for renewable energy: A meta-regression analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 146(C).
    6. Dogan, Eyup & Chishti, Muhammad Zubair & Karimi Alavijeh, Nooshin & Tzeremes, Panayiotis, 2022. "The roles of technology and Kyoto Protocol in energy transition towards COP26 targets: Evidence from the novel GMM-PVAR approach for G-7 countries," Technological Forecasting and Social Change, Elsevier, vol. 181(C).
    7. Shang, Yunfeng & Han, Ding & Gozgor, Giray & Mahalik, Mantu Kumar & Sahoo, Bimal Kishore, 2022. "The impact of climate policy uncertainty on renewable and non-renewable energy demand in the United States," Renewable Energy, Elsevier, vol. 197(C), pages 654-667.
    8. Riahi, Fariba & Zahedi, Shams-alsadat & Farjadi, Gholam Ali & Najafi, Saied, 2019. "The Impact of Institutional Governance on Environmental Sustainability of Energy through Economic and Social Sustainabilit (in Persian)," Management and Development Process Quarterly (٠صلنامه ٠رایند مدیریت و توسعه), Institute for Management and Planning studies, vol. 32(2), pages 91-133, September.

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