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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/92683

    Title: Threshold Effect of the Economic Growth Rate on the Renewable Energy Development from a Change in Energy Price: Evidence from OECD Countries
    Authors: Chang, Ting-Huan;Huang, Chien-Ming;Lee, Ming-Chih
    Contributors: 淡江大學國際企業學系
    Keywords: Renewable energy;Economic growth;Threshold effect
    Date: 2009-12
    Issue Date: 2013-10-22 10:15:45 (UTC+8)
    Publisher: London: Elsevier Ltd
    Abstract: 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, countries characterized by high-economic growth are able to respond to high energy prices with increases in renewable energy use, while countries characterized by low-economic growth countries tend to be unresponsive to energy price changes when they come to their level of renewable energy.
    Relation: Energy Policy 37(12), p.5796-5802
    DOI: 10.1016/j.enpol.2009.08.049
    Appears in Collections:[Graduate Institute & Department of Banking and Finance] Journal Article

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