[en] 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.
Research Center/Unit :
LCII - Liège Competition and Innovation Institute - ULiège
Disciplines :
Special economic topics (health, labor, transportation...)
Author, co-author :
Jacqmin, Julien ; Université de Liège > HEC Liège : UER > Economie politique et finances publiques
Language :
English
Title :
The role of market-oriented institutions in the deployment of renewable energies: evidences from Europe
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