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Threshold effect of the economic growth rate on the renewable energy development from a change in energy price: Evidence from OECD countries

Dates

Year
2009

Citation

Chang, T.-H., Huang, C.-M., and Lee, M.-C., 2009, Threshold effect of the economic growth rate on the renewable energy development from a change in energy price: Evidence from OECD countries: Energy Policy, v. 37, iss. 12, p. 5796-5802.

Summary

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, [...]

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Communities

  • Western Energy Citation Clearinghouse

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Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 0301-4215

Citation Extension

journalEnergy Policy
parts
typePages
value5796-5802
typeVolume
value37
typeIssue
value12
citationTypeJournal Article

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