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Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?

Author

Listed:
  • Valérie Mignon

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Margaux Escoffier

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Anthony Paris

  • Emmanuel Hache

Abstract

This paper investigates the determinants of solar photovoltaic (PV) deployment in the electricity mix for a panelof OECD and BRICS countries from 1997 to 2016 by paying particular attention to the impact of oil market con-ditions. Relying on a nonlinear, regime-switching specification, we show that rising oil prices stimulate PV de-ployment only if their growth rate exceeds 6.7% per annum. Although wefind that various other determinantsmatter—with the influence of some of them depending on the situation on the oil market—public policies playa crucial role.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Valérie Mignon & Margaux Escoffier & Anthony Paris & Emmanuel Hache, 2021. "Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?," Post-Print hal-02995105, HAL.
    • Handle: RePEc:hal:journl:hal-02995105
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    Cited by:

    1. Błaszczyk, Alfred & Matuszak-Flejszman, Alina & Nawrocki, Kamil, 2024. "Determinants of the development of photovoltaics in Poland," Renewable Energy, Elsevier, vol. 233(C).
    2. Best, Rohan & Chareunsy, Andrea, 2022. "The impact of income on household solar panel uptake: Exploring diverse results using Australian data," Energy Economics, Elsevier, vol. 112(C).
    3. Kim, Moon Joon, 2024. "Air Pollution and Solar Photovoltaic Power Generation: Evidence from South Korea," Energy Economics, Elsevier, vol. 139(C).
    4. Jinghong Zhou & Ke Chen & Weidong Wang, 2023. "A Power Evolution Game Model and Its Application Contained in Virtual Power Plants," Energies, MDPI, vol. 16(11), pages 1-22, May.
    5. Ishaya Jonah Tegina Tambari & Pierre Failler & Shabbar Jaffry, 2023. "The Differential Effects of Oil Prices on the Development of Renewable Energy in Oil-Importing and Oil-Exporting Countries in Africa," Energies, MDPI, vol. 16(9), pages 1-20, April.
    6. C. M. Quintella & P. D. Rodrigues & J. L. Nicoleti & E. Ramos-de-Souza & E. B. Carvalho & S. A. Hanna, 2024. "EOR Technology (Patents) and Science (Articles) Assessment of BRICS and nonBRICS with Growth Rates and Specializations within Responsible Global Energy Transition: A Critical Review," Energies, MDPI, vol. 17(13), pages 1-17, June.
    7. Hille, Erik, 2023. "Europe's energy crisis: Are geopolitical risks in source countries of fossil fuels accelerating the transition to renewable energy?," Energy Economics, Elsevier, vol. 127(PA).
    8. Hille, Erik & Oelker, Thomas J., 2023. "International expansion of renewable energy capacities: The role of innovation and choice of policy instruments," Ecological Economics, Elsevier, vol. 204(PA).

    More about this item

    Keywords

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    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models

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