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Renewable energy drivers: a panel cointegration approach

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dc.contributor.authorDamette, Olivier
dc.contributor.authorMarques, António Cardoso
dc.date.accessioned2019-01-09T16:12:36Z
dc.date.available2019-01-09T16:12:36Z
dc.date.issued2018
dc.description.abstractThe expected gains from RES deployment to the reduction of carbon dioxide emissions (CO2) and the cut-off of external dependence of electricity sources could be important. However, it is crucial to understand the determinants of RES growth to help policymakers drawing effective energy polices, involving a commitment of both citizens and governments. In this paper, we use novel panel econometric tools (taking into account structural breaks and cross-section dependence) and find evidence of nonstationary issues and cointegration issues between renewable energy production and its drivers (CO2 emissions, GDP per capita, energy use and dependency). The results thus reveal that non-stationary issues should be attended, otherwise they could be biased. Using suitable estimators (DOLS, FMOLS) with two different data sets and different proxies and taking common factors into account by MG estimates, we find that there is no environmental concerns effect explaining the growth of renewables in European countries. However, national revenues, energy consumption (demand effect) and energy dependency have a positive impact on renewables deployment. Considering these results, economic assistance (subsidies) might be a mean to increase further the renewables deployment in EU countries and education about renewables deployment is needed.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doi10.1080/00036846.2018.1558359pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.6/6744
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.subjectRenewable energy productionpt_PT
dc.subjectNon-stationary issuespt_PT
dc.subjectPanel cointegrationpt_PT
dc.subjectCommon factorspt_PT
dc.subjectBreakspt_PT
dc.subjectCO2 emissionspt_PT
dc.subjectEnergy dependencypt_PT
dc.titleRenewable energy drivers: a panel cointegration approachpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage14pt_PT
oaire.citation.startPage1pt_PT
person.familyNameMarques
person.givenNameAntónio Cardoso
person.identifier1880954
person.identifier.ciencia-idBE19-EAEF-30CF
person.identifier.orcid0000-0002-9906-3874
person.identifier.ridD-2235-2011
person.identifier.scopus-author-id36169680100
rcaap.embargofctCopyright cedido à editora no momento da publicaçãopt_PT
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication0dfb8b49-b2ad-4a47-8478-a3ac0a8c639f
relation.isAuthorOfPublication.latestForDiscovery0dfb8b49-b2ad-4a47-8478-a3ac0a8c639f

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