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IEB14-18_Vona.pdf (855.72 KB)

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Working paper

Publication date

2014

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cc-by-nc-nd, (c) Vona et al., 2014
Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/115529

Energy market liberalization and renewable energy policies in OECD countries

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Abstract

We investigate the effect of energy liberalizations on policies that support renewable energy in a long panel of OECD countries. We estimate this effect accounting for the endogeneity of liberalization related to joint decisions within a country’s energy strategy. Using regulation in other industries as instruments, we find that energy liberalization increases the public support to renewable energy. The effect of liberalization is the second largest after the effect of per-capita income and is fully driven by reductions in entry barriers, while the effect of privatization is negative. Finally, our results are robust to dynamic specifications and various policy indicators.

Subject

Energies renovables, Liberalització financera, Política econòmica

Subject (English)

Renewable energy sources, Financial liberalization, Economic policy

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IEB (Institut d’Economia de Barcelona) – Working Papers

Citation

VONA, Francesco and NICOLLI, Francesco. Energy market liberalization and renewable energy policies in OECD countries. IEB Working Paper 2014/18. [consulted: 11 of June of 2026]. Available at: https://hdl.handle.net/2445/115529

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