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Determinants of solar photovoltaic deployment in the electricity mix : Do oil prices really matter?

Abstract : This paper investigates the determinants of solar photovoltaic (PV) deployment in the electricity mix for a panelof OECD and BRICS countries from 1997 to 2016 by paying particular attention to the impact of oil market con-ditions. Relying on a nonlinear, regime-switching specification, we show that rising oil prices stimulate PV de-ployment only if their growth rate exceeds 6.7% per annum. Although wefind that various other determinantsmatter—with the influence of some of them depending on the situation on the oil market—public policies playa crucial role.
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https://hal-ifp.archives-ouvertes.fr/hal-03339134
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Submitted on : Thursday, September 9, 2021 - 3:46:09 PM
Last modification on : Wednesday, April 27, 2022 - 3:38:44 AM
Long-term archiving on: : Saturday, December 11, 2021 - 7:25:41 AM

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Margaux Escoffier, Emmanuel Hache, Valérie Mignon, Anthony Paris. Determinants of solar photovoltaic deployment in the electricity mix : Do oil prices really matter?. Energy Economics, 2021, 97, pp.105024. ⟨10.1016/j.eneco.2020.105024⟩. ⟨hal-03339134⟩

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