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

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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.eneco.2020.105024

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Margaux Escoffier et al., « Determinants of solar photovoltaic deployment in the electricity mix : Do oil prices really matter? », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1016/j.eneco.2020.105024


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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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