Financial development and deployment of renewable energy technologies

Kim, Jeayoon; Park, Kwangwoo

doi:10.1016/j.eneco.2016.08.012

Cited by 273 publications

(108 citation statements)

References 25 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Technology lock-in may also lead to no change or decline in the share of renewables when fossil fuel prices rise. In addition, findings of the studies (Aguirre and Ibikunle, 2014;Carley, 2009;Gan and Smith, 2011;Kim and Park, 2016;Marques and Fuinhas, 2012;Marques et al, 2010) showed the significant impacts of various policy measures. After the implementation of Research and Development Programs in 1970's, Obligations and Tradable Certificates became popular in 2000's (Aguirre and Ibikunle, 2014).…”

Section: Panel Ardl Modelmentioning

confidence: 99%

What are the Main Determinants of Renewable Energy Consumption? A Panel Threshold Regression Approach

Akarsu¹,

Gümüşoğlu²

2019

Anadolu Üniversitesi Sosyal Bilimler Dergisi

View full text Add to dashboard Cite

Because of severe environmental impacts associated with the use of conventional energy sources, most of the countries attempt to decarbonize their energy sector by increasing share of renewable energy in their total energy consumption which also reduces their energy import dependency. Therefore, this study aims to understand the determinants of renewable energy consumption for 58 countries over the period from 1990 to 2012. The period and number of countries are determined based on the data availability for all the variables. For example, data on total greenhouse gas emissions is available only up to 2012. Analysis is based on a panel threshold regression model to find out asymmetric behavior of renewable energy consumption. The model explains renewable energy consumption by various economic factors in a nonlinear framework. Different effects of these factors are expected under different economic regimes characterized by income level. Results show that for real GDP per capita lower than 1527.977 US$, signs, statistical significance and magnitude of coefficients on some variables differ tremendously compared to the upper regime verifying the asymmetric relationship. Therefore, one can conclude that determinants of renewable energy consumption differ across countries and time based on the real GDP per capita level.

show abstract

Section: Panel Ardl Modelmentioning

confidence: 99%

What are the Main Determinants of Renewable Energy Consumption? A Panel Threshold Regression Approach

Akarsu¹,

Gümüşoğlu²

2019

Anadolu Üniversitesi Sosyal Bilimler Dergisi

View full text Add to dashboard Cite

show abstract

“…Financial development also increases consumer access to consumption credit, dramatically encouraging them to purchase more commodities, including automobiles and electric appliances, which further stimulates energy demand. However, other scholars [13][14][15] proposed that financial development reduces energy consumption because a developed financial system can mitigate the financial constraints on enterprises to help them update production technologies and equipment, which could effectively improve energy efficiency. Financial development could also help enterprises increase their research and development (R & D) investment, and design and manufacture of advanced energy-saving products, thereby reducing aggregate energy consumption.…”

Section: Introduction and Literature Reviewmentioning

confidence: 99%

The Influence of Financial Development on Energy Consumption: Worldwide Evidence

2020

IJERPH

View full text Add to dashboard Cite

In this study, we investigated the influence of overall financial development and its components on energy consumption using the panel data of 120 countries and the generalized method of moments (GMM). By dividing the sample into developed and developing countries, we further examined the national differences of the impact of financial development on energy consumption. The empirical results indicate that the overall financial development significantly positively impacts energy consumption from a worldwide perspective, and its two components (financial institution and the financial market) have the same effect. The analysis of national differences indicates that the financial development also positively impacts energy consumption in developing countries but with no obvious effect in developed countries. The results also suggest that financial development cannot be used to restrain the increase in energy consumption from the global perspective, and policymakers in developing countries must balance the relationship between the development of the financial sector and energy consumption.

show abstract

“…Amore et al show that banking development plays a key role in technological progress and that interstate bank deregulation has a significant positive impact on the quantity and quality of innovation activities [20]. Further, Kim and Park suggest that financial development can reduce CO 2 emissions by addressing the role of financial markets in renewable energy [21].…”

Section: Introductionmentioning

confidence: 99%

The Non-Linear Effect of Financial Support on Energy Efficiency: Evidence from China

et al. 2019

View full text Add to dashboard Cite

This study examines the non-linear effect of financial support on energy efficiency for 30 provinces in China, over the period 2003 to 2016. Specifically, we find that technological progress is a key factor in improving energy efficiency, regardless of the transition variable or sample chosen. The non-linear effects of the support of different financial sectors on energy efficiency are different. Banks have the greatest positive impact on energy efficiency, but as economic and financial development levels increase, this impact will diminish. The impact of securities on energy efficiency is contrary to bank support, because as the level of economic and financial development increases, the impact of securities on energy efficiency will shift from negative to positive. The impact of insurance support on energy efficiency is not significant.

show abstract

Financial development and deployment of renewable energy technologies

Cited by 273 publications

References 25 publications

What are the Main Determinants of Renewable Energy Consumption? A Panel Threshold Regression Approach

What are the Main Determinants of Renewable Energy Consumption? A Panel Threshold Regression Approach

The Influence of Financial Development on Energy Consumption: Worldwide Evidence

The Non-Linear Effect of Financial Support on Energy Efficiency: Evidence from China

Contact Info

Product

Resources

About