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Investments in renewable energy sources in OPEC members: a dynamic panel approach

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  • Romano, Antonio Angelo
  • Scandurra, Giuseppe

Abstract

In this paper we analyze the key factors promoting the investments in renewable energy sources a in a panel dataset of Petroleum Exporting Countries (OPEC). To address these issues, a dynamic panel analysis of the renewable investments in the sample of OPEC with distinct economic and social structures, in the years between 1980 and 2009, is proposed. Results confirm that key factors promoting investments in renewable energy sources are similar to others study which include more developed countries. However, absence of grant and/or incentives to promote the installations of new renewable power plants is a limit for the future and sustainable development of these countries.

Suggested Citation

  • Romano, Antonio Angelo & Scandurra, Giuseppe, 2013. "Investments in renewable energy sources in OPEC members: a dynamic panel approach," MPRA Paper 50870, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:50870
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    References listed on IDEAS

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    Cited by:

    1. Jeetoo, Jamiil, 2022. "Spatial interaction effect in renewable energy consumption in sub-Saharan Africa," Renewable Energy, Elsevier, vol. 190(C), pages 148-155.

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    More about this item

    Keywords

    GMM estimator; Renewable energy.;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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