Applied Economics Letters · 2022 · 10 citations · 8 references
AgricultureEconomicsPublic PolicyEnergy EconomicsEnergy PolicyRenewable Resource EconomicsEnergy Policy AnalysisRenewable EnergyRenewable Energy EconomicsRenewable Resource PolicyAutoregressive Distributed Lag ModelsDistributed Lag ModelsRenewable Energy DeploymentRenewable Energy DevelopmentRenewable Energy Investment AnalysisRenewable Energy Market IntegrationShort-term ImpactsSolar Energy Policy
By adopting the autoregressive-distributed lag error correction model, we examine both the short- and long-term impacts of feed-in policies on renewable energy deployment. The estimation results show that the feed-in premium scheme achieved its objective of encouraging the market integration of wind energy but discouraged and retarded investment in solar power technologies. Compared to the market mechanism, fixed price feed-in policy creates greater investment security for solar power projects.
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