期刊
APPLIED ECONOMICS
卷 50, 期 2, 页码 202-215出版社
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/00036846.2017.1332749
关键词
Renewable energy; Economic Freedom Index; market-oriented institutions; dynamic panel data
类别
资金
- Labex Entreprendre from University of Montpellier
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.
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