The role of market-oriented institutions in the deployment of renewable energies: evidences from Europe

[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

Publication date :

2018

Journal title :

Applied Economics

ISSN :

0003-6846

eISSN :

1466-4283

Publisher :

Routledge

Volume :

Issue :

Pages :

202-215

Peer reviewed :

Peer Reviewed verified by ORBi

Available on ORBi :

since 01 June 2017

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86 (10 by ULiège)

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4 (4 by ULiège)

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