کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
995238 936173 2009 7 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Threshold effect of the economic growth rate on the renewable energy development from a change in energy price: Evidence from OECD countries
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی مهندسی انرژی و فناوری های برق
پیش نمایش صفحه اول مقاله
Threshold effect of the economic growth rate on the renewable energy development from a change in energy price: Evidence from OECD countries
چکیده انگلیسی

This paper uses a panel threshold regression (PTR) model to investigate the influence that energy prices have on renewable energy development under different economic growth rate regimes. The empirical data are obtained from each of the OECD member-countries over the period from 1997 to 2006. We show that there is one threshold in the regression relationship, which is 4.13% of a one-period lag in the annual gross domestic product (GDP) growth rate. The consumer price index (CPI), in so far as it relates to variations in energy, is significantly positively correlated with the contribution of renewables to energy supply in the regime with higher-economic growth, but there is no relationship in the regime with lower economic growth. Therefore, countries characterized by high-economic growth are able to respond to high energy prices with increases in renewable energy use, while countries characterized by low-economic growth countries tend to be unresponsive to energy price changes when they come to their level of renewable energy.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Policy - Volume 37, Issue 12, December 2009, Pages 5796–5802
نویسندگان
, , ,