IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v159y2021ics0301421521004766.html
   My bibliography  Save this article

Government subsidies and firm-level renewable energy investment: New evidence from partially linear functional-coefficient models

Author

Listed:
  • Bai, Rui
  • Lin, Boqiang
  • Liu, Xiying

Abstract

Understanding the heterogeneity and influencing factors of renewable energy investment between enterprises can help to evaluate existing policies and provide guidance for future subsidy policies. This paper investigates how the relationship between government subsidies and renewable energy investment depends on enterprise size and relaxes the linear relationship in the traditional empirical model. Based on firm-level panel data from China, only when the enterprise size exceeds a certain threshold value can it have a significant effect. The effect of government subsidies on renewable energy investment is on the rise. However, its speed tends to decrease with the growth of enterprise size. Besides, ownership concentration and enterprise growth significantly promote investment in renewable energy. The empirical results show that the effect of government subsidies has a significant enhancement in 2016, which may be due to high frequency and high government subsidies in the early stage. These findings are robustly verified. Finally, some specific policy suggestions are put forward.

Suggested Citation

  • Bai, Rui & Lin, Boqiang & Liu, Xiying, 2021. "Government subsidies and firm-level renewable energy investment: New evidence from partially linear functional-coefficient models," Energy Policy, Elsevier, vol. 159(C).
    • Handle: RePEc:eee:enepol:v:159:y:2021:i:c:s0301421521004766
    DOI: 10.1016/j.enpol.2021.112610
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421521004766
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2021.112610?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ioannis Bournakis & Dimitris Christopoulos & Sushanta Mallick, 2018. "Knowledge Spillovers And Output Per Worker: An Industry‐Level Analysis For Oecd Countries," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 1028-1046, April.
    2. Zhang, Huiming & Li, Lianshui & Zhou, Dequn & Zhou, Peng, 2014. "Political connections, government subsidies and firm financial performance: Evidence from renewable energy manufacturing in China," Renewable Energy, Elsevier, vol. 63(C), pages 330-336.
    3. Rongyan Liu & Deqing Wang & Li Zhang & Lihong Zhang, 2019. "Can green financial development promote regional ecological efficiency? A case study of China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 95(1), pages 325-341, January.
    4. Mazzucato, Mariana & Semieniuk, Gregor, 2018. "Financing renewable energy: Who is financing what and why it matters," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 8-22.
    5. Ufuk Akcigit & William R. Kerr, 2018. "Growth through Heterogeneous Innovations," Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1374-1443.
    6. Mark Gertler & Simon Gilchrist, 1994. "Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(2), pages 309-340.
    7. Yu, Feifei & Wang, Liting & Li, Xiaotong, 2020. "The effects of government subsidies on new energy vehicle enterprises: The moderating role of intelligent transformation," Energy Policy, Elsevier, vol. 141(C).
    8. Lucian A. Bebchuk & Michael S. Weisbach, 2012. "The State of Corporate Governance Research," Springer Books, in: Sabri Boubaker & Bang Dang Nguyen & Duc Khuong Nguyen (ed.), Corporate Governance, edition 127, pages 325-346, Springer.
    9. Shleifer, Andrei & Vishny, Robert W, 1986. "Large Shareholders and Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 461-488, June.
    10. Wenfeng Wu & Chongfeng Wu & Oliver M. Rui, 2012. "Ownership and the Value of Political Connections: Evidence from China," European Financial Management, European Financial Management Association, vol. 18(4), pages 695-729, September.
    11. Daron Acemoglu & Ufuk Akcigit & Douglas Hanley & William Kerr, 2016. "Transition to Clean Technology," Journal of Political Economy, University of Chicago Press, vol. 124(1), pages 52-104.
    12. Plank, Josef & Doblinger, Claudia, 2018. "The firm-level innovation impact of public R&D funding: Evidence from the German renewable energy sector," Energy Policy, Elsevier, vol. 113(C), pages 430-438.
    13. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    14. Zhou, Dequn & Wu, Changsong & Wang, Qunwei & Zha, Donglan, 2019. "Response of scale and leverage of thermal power enterprises to renewable power enterprises in China," Applied Energy, Elsevier, vol. 251(C), pages 1-1.
    15. Dinica, Valentina, 2006. "Support systems for the diffusion of renewable energy technologies--an investor perspective," Energy Policy, Elsevier, vol. 34(4), pages 461-480, March.
    16. Andrea Masini & Emanuela Menichetti, 2013. "Investment decisions in the renewable energy sector: An analysis of non-financial drivers," Post-Print hal-00796331, HAL.
    17. Deleidi, Matteo & Mazzucato, Mariana & Semieniuk, Gregor, 2020. "Neither crowding in nor out: Public direct investment mobilising private investment into renewable electricity projects," Energy Policy, Elsevier, vol. 140(C).
    18. Altenburg, Tilman & Engelmeier, Tobias, 2013. "Boosting solar investment with limited subsidies: Rent management and policy learning in India," Energy Policy, Elsevier, vol. 59(C), pages 866-874.
    19. Lakshmi, Geeta & Tilley, Simon, 2019. "The “power” of community renewable energy enterprises: The case of Sustainable Hockerton Ltd," Energy Policy, Elsevier, vol. 129(C), pages 787-795.
    20. Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
    21. Ozorhon, Beliz & Batmaz, Arda & Caglayan, Semih, 2018. "Generating a framework to facilitate decision making in renewable energy investments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 95(C), pages 217-226.
    22. Yu, Xianyu & Wu, Zemin & Wang, Qunwei & Sang, Xiuzhi & Zhou, Dequn, 2020. "Exploring the investment strategy of power enterprises under the nationwide carbon emissions trading mechanism: A scenario-based system dynamics approach," Energy Policy, Elsevier, vol. 140(C).
    23. Zeng, Shihong & Jiang, Chunxia & Ma, Chen & Su, Bin, 2018. "Investment efficiency of the new energy industry in China," Energy Economics, Elsevier, vol. 70(C), pages 536-544.
    24. Lee, Chang-Yang, 2010. "A theory of firm growth: Learning capability, knowledge threshold, and patterns of growth," Research Policy, Elsevier, vol. 39(2), pages 278-289, March.
    25. Cao, Hong & Guo, Litian & Zhang, Lin, 2020. "Does oil price uncertainty affect renewable energy firms’ investment? Evidence from listed firms in China," Finance Research Letters, Elsevier, vol. 33(C).
    26. Kerui Du & Yonghui Zhang & Qiankun Zhou, 2020. "Fitting partially linear functional-coefficient panel-data models with Stata," Stata Journal, StataCorp LP, vol. 20(4), pages 976-998, December.
    27. Hud, Martin & Hussinger, Katrin, 2015. "The impact of R&D subsidies during the crisis," Research Policy, Elsevier, vol. 44(10), pages 1844-1855.
    28. David Popp, 2010. "Innovation and Climate Policy," NBER Working Papers 15673, National Bureau of Economic Research, Inc.
    29. Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    30. Francois Libois & Vincenzo Verardi, 2013. "Semiparametric fixed-effects estimator," Stata Journal, StataCorp LP, vol. 13(2), pages 329-336, June.
    31. Zhang, Dayong & Cao, Hong & Zou, Peijiang, 2016. "Exuberance in China's renewable energy investment: Rationality, capital structure and implications with firm level evidence," Energy Policy, Elsevier, vol. 95(C), pages 468-478.
    32. Yu, Feifei & Guo, Yue & Le-Nguyen, Khuong & Barnes, Stuart J. & Zhang, Weiting, 2016. "The impact of government subsidies and enterprises’ R&D investment: A panel data study from renewable energy in China," Energy Policy, Elsevier, vol. 89(C), pages 106-113.
    33. Chang, Kai & Wan, Qiong & Lou, Qichun & Chen, Yili & Wang, Weihong, 2020. "Green fiscal policy and firms’ investment efficiency: New insights into firm-level panel data from the renewable energy industry in China," Renewable Energy, Elsevier, vol. 151(C), pages 589-597.
    34. Andrea Masini & Emanuela Menichetti, 2013. "Investment Decisions in the Renewable Energy Sector: An Analysis of Non-Financial Drivers," Working Papers hal-01947453, HAL.
    35. Christine Oliver, 1997. "Sustainable competitive advantage: combining institutional and resource‐based views," Strategic Management Journal, Wiley Blackwell, vol. 18(9), pages 697-713, October.
    36. Chen, Shimin & Sun, Zheng & Tang, Song & Wu, Donghui, 2011. "Government intervention and investment efficiency: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 17(2), pages 259-271, April.
    37. Wu, Ting & Yang, Shuwang & Tan, Jingjing, 2020. "Impacts of government R&D subsidies on venture capital and renewable energy investment -- an empirical study in China," Resources Policy, Elsevier, vol. 68(C).
    38. Masini, Andrea & Menichetti, Emanuela, 2013. "Investment decisions in the renewable energy sector: An analysis of non-financial drivers," Technological Forecasting and Social Change, Elsevier, vol. 80(3), pages 510-524.
    39. David Popp, 2010. "Innovation and Climate Policy," Annual Review of Resource Economics, Annual Reviews, vol. 2(1), pages 275-298, October.
    40. Yan, Zheming & Zou, Baoling & Du, Kerui & Li, Ke, 2020. "Do renewable energy technology innovations promote China's green productivity growth? Fresh evidence from partially linear functional-coefficient models," Energy Economics, Elsevier, vol. 90(C).
    41. Ming, Zeng & Ximei, Liu & Yulong, Li & Lilin, Peng, 2014. "Review of renewable energy investment and financing in China: Status, mode, issues and countermeasures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 23-37.
    42. Masini, Andrea & Menichetti , Emanuela, 2013. "Investment Decisions in the Renewable Energy Sector: An Analysis of Non-Financial Drivers," HEC Research Papers Series 976, HEC Paris.
    43. Zongwu Cai & Ying Fang & Ming Lin & Jia Su, 2019. "Inferences for a Partially Varying Coefficient Model With Endogenous Regressors," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 37(1), pages 158-170, January.
    44. Zhang, M.M. & Zhou, P. & Zhou, D.Q., 2016. "A real options model for renewable energy investment with application to solar photovoltaic power generation in China," Energy Economics, Elsevier, vol. 59(C), pages 213-226.
    45. Bernini, Cristina & Pellegrini, Guido, 2011. "How are growth and productivity in private firms affected by public subsidy? Evidence from a regional policy," Regional Science and Urban Economics, Elsevier, vol. 41(3), pages 253-265, May.
    46. Bergek, Anna & Mignon, Ingrid & Sundberg, Gunnel, 2013. "Who invests in renewable electricity production? Empirical evidence and suggestions for further research," Energy Policy, Elsevier, vol. 56(C), pages 568-581.
    47. Zhu, Mengye & Qi, Ye & Belis, David & Lu, Jiaqi & Kerremans, Bart, 2019. "The China wind paradox: The role of state-owned enterprises in wind power investment versus wind curtailment," Energy Policy, Elsevier, vol. 127(C), pages 200-212.
    48. Du, Kerui & Yu, Ying & Wei, Chu, 2020. "Climatic impact on China's residential electricity consumption: Does the income level matter?," China Economic Review, Elsevier, vol. 63(C).
    49. Michael N. Young & Mike W. Peng & David Ahlstrom & Garry D. Bruton & Yi Jiang, 2008. "Corporate Governance in Emerging Economies: A Review of the Principal–Principal Perspective," Journal of Management Studies, Wiley Blackwell, vol. 45(1), pages 196-220, January.
    50. Mayra Rebolledo & Joel Sandonís, 2012. "The effectiveness of R&D subsidies," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 21(8), pages 815-825, November.
    51. Gianfranco E. Atzeni & Oliviero A. Carboni, 2006. "The Effects of Subsidies on Investment: an Empirical Evaluation on ICT in Italy," Revue de l'OFCE, Presses de Sciences-Po, vol. 97(5), pages 279-302.
    52. Eyraud, Luc & Clements, Benedict & Wane, Abdoul, 2013. "Green investment: Trends and determinants," Energy Policy, Elsevier, vol. 60(C), pages 852-865.
    53. Liu, Dayong & Chen, Tong & Liu, Xiaoyang & Yu, Yongze, 2019. "Do more subsidies promote greater innovation? Evidence from the Chinese electronic manufacturing industry," Economic Modelling, Elsevier, vol. 80(C), pages 441-452.
    54. Zeng, Shihong & Liu, Yuchen & Liu, Chao & Nan, Xin, 2017. "A review of renewable energy investment in the BRICS countries: History, models, problems and solutions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 860-872.
    55. Zhang, M.M. & Zhou, D.Q. & Zhou, P. & Chen, H.T., 2017. "Optimal design of subsidy to stimulate renewable energy investments: The case of China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 71(C), pages 873-883.
    56. Yang, Xiaolei & He, Lingyun & Xia, Yufei & Chen, Yufeng, 2019. "Effect of government subsidies on renewable energy investments: The threshold effect," Energy Policy, Elsevier, vol. 132(C), pages 156-166.
    57. Hall, Bronwyn & Van Reenen, John, 2000. "How effective are fiscal incentives for R&D? A review of the evidence," Research Policy, Elsevier, vol. 29(4-5), pages 449-469, April.
    58. Chow, Clement K.W. & Song, Frank M. & Wong, Kit Pong, 2010. "Investment and the soft budget constraint in China," International Review of Economics & Finance, Elsevier, vol. 19(2), pages 219-227, April.
    59. Chang, Kai & Zeng, Yonghong & Wang, Weihong & Wu, Xin, 2019. "The effects of credit policy and financial constraints on tangible and research & development investment: Firm-level evidence from China's renewable energy industry," Energy Policy, Elsevier, vol. 130(C), pages 438-447.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hu, Wenfa & He, Xinhua, 2024. "The role of fiscal policies in supporting a transition to a low-carbon economy: Evidence from the Chinese shipping industry," Transportation Research Part A: Policy and Practice, Elsevier, vol. 179(C).
    2. Semmler, Willi & Di Bartolomeo, Giovanni & Minooei Fard, Behnaz & Braga, Joao Paulo, 2022. "Limit pricing and entry game of renewable energy firms into the energy sector," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 179-190.
    3. Xu, Xin & Huang, Shupei & Lucey, Brian M. & An, Haizhong, 2023. "The impacts of climate policy uncertainty on stock markets: Comparison between China and the US," International Review of Financial Analysis, Elsevier, vol. 88(C).
    4. Xiaofeng Xu & Xiangyu Chen & Yi Xu & Tao Wang & Yifan Zhang, 2022. "Improving the Innovative Performance of Renewable Energy Enterprises in China: Effects of Subsidy Policy and Intellectual Property Legislation," Sustainability, MDPI, vol. 14(13), pages 1-24, July.
    5. Sirin, Selahattin Murat & Uz, Dilek & Sevindik, Irem, 2022. "How do macroeconomic dynamics affect small and medium-sized enterprises (SMEs) in the power sector in developing economies: Evidence from Turkey," Energy Policy, Elsevier, vol. 168(C).
    6. Che, Xiao-Jing & Zhou, P. & Chai, Kah-Hin, 2022. "Regional policy effect on photovoltaic (PV) technology innovation: Findings from 260 cities in China," Energy Policy, Elsevier, vol. 162(C).
    7. Hendrik Sitompul & Muhammad Saifi & Benny Hutahayan & Sunarti, 2024. "Use of Renewable Energy to Enhance Firm Performance: A Systematic Review," Sustainability, MDPI, vol. 16(21), pages 1-17, October.
    8. Lin, Boqiang & Xie, Jiawen, 2023. "The role of renewable energy alliances in enhancing corporate innovation: Evidence from China," Renewable Energy, Elsevier, vol. 219(P1).
    9. Alali, Layla & Niesten, Eva & Gagliardi, Dimitri, 2022. "The impact of UK financial incentives on the adoption of electric fleets: The moderation effect of GDP change," Transportation Research Part A: Policy and Practice, Elsevier, vol. 161(C), pages 200-220.
    10. Lin, Boqiang & Xie, Yongjing, 2023. "Does digital transformation improve the operational efficiency of Chinese power enterprises?," Utilities Policy, Elsevier, vol. 82(C).
    11. Lin, Boqiang & Xie, Yongjing, 2024. "How feed-in-tariff subsidies affect renewable energy investments in China? New evidence from firm-level data," Energy, Elsevier, vol. 294(C).
    12. Bai, Rui & Lin, Boqiang, 2023. "Nexus between green finance development and green technological innovation: A potential way to achieve the renewable energy transition," Renewable Energy, Elsevier, vol. 218(C).
    13. Danlei Feng & Mingzhao Hu & Lingdi Zhao & Sha Liu, 2022. "The Impact of Firm Heterogeneity and External Factor Change on Innovation: Evidence from the Vehicle Industry Sector," Sustainability, MDPI, vol. 14(11), pages 1-15, May.
    14. Ma, Yanbai & Lu, Ling & Cui, Jingbo & Shi, Xunpeng, 2024. "Can green credit policy stimulate firms’ green investments?," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 123-137.
    15. Zhao, Jing & Zhang, Qin & Zhou, Dequn, 2023. "Can marketed on-grid price drive the realization of energy transition in China’s power industry under the background of carbon neutrality?," Energy, Elsevier, vol. 276(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chang, Kai & Wan, Qiong & Lou, Qichun & Chen, Yili & Wang, Weihong, 2020. "Green fiscal policy and firms’ investment efficiency: New insights into firm-level panel data from the renewable energy industry in China," Renewable Energy, Elsevier, vol. 151(C), pages 589-597.
    2. Mazzucato, Mariana & Semieniuk, Gregor, 2018. "Financing renewable energy: Who is financing what and why it matters," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 8-22.
    3. Elie, Luc & Granier, Caroline & Rigot, Sandra, 2021. "The different types of renewable energy finance: A Bibliometric analysis," Energy Economics, Elsevier, vol. 93(C).
    4. Wu, Ting & Yang, Shuwang & Tan, Jingjing, 2020. "Impacts of government R&D subsidies on venture capital and renewable energy investment -- an empirical study in China," Resources Policy, Elsevier, vol. 68(C).
    5. Semmler, Willi & Di Bartolomeo, Giovanni & Minooei Fard, Behnaz & Braga, Joao Paulo, 2022. "Limit pricing and entry game of renewable energy firms into the energy sector," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 179-190.
    6. Chang, Kai & Zeng, Yonghong & Wang, Weihong & Wu, Xin, 2019. "The effects of credit policy and financial constraints on tangible and research & development investment: Firm-level evidence from China's renewable energy industry," Energy Policy, Elsevier, vol. 130(C), pages 438-447.
    7. Zeng, Shihong & Jiang, Chunxia & Ma, Chen & Su, Bin, 2018. "Investment efficiency of the new energy industry in China," Energy Economics, Elsevier, vol. 70(C), pages 536-544.
    8. Lin, Boqiang & Xie, Yongjing, 2023. "Positive or negative? R&D subsidies and green technology innovation: Evidence from China's renewable energy industry," Renewable Energy, Elsevier, vol. 213(C), pages 148-156.
    9. Liu, Liyun & Zhao, Zhenzhi & Zhang, Mingming & Zhou, Dequn, 2022. "Green investment efficiency in the Chinese energy sector: Overinvestment or underinvestment?," Energy Policy, Elsevier, vol. 160(C).
    10. Salm, Sarah & Hille, Stefanie Lena & Wüstenhagen, Rolf, 2016. "What are retail investors' risk-return preferences towards renewable energy projects? A choice experiment in Germany," Energy Policy, Elsevier, vol. 97(C), pages 310-320.
    11. Pereira, Guillermo Ivan & Niesten, Eva & Pinkse, Jonatan, 2022. "Sustainable energy systems in the making: A study on business model adaptation in incumbent utilities," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    12. Chang, Kai & Xue, Chenqi & Zhang, Huijia & Zeng, Yonghong, 2022. "The effects of green fiscal policies and R&D investment on a firm's market value: New evidence from the renewable energy industry in China," Energy, Elsevier, vol. 251(C).
    13. Ye, Fanglin & Paulson, Nicholas & Khanna, Madhu, 2022. "Are renewable energy policies effective to promote technological change? The role of induced technological risk," Journal of Environmental Economics and Management, Elsevier, vol. 114(C).
    14. Qi, Xiaoyan & Guo, Yanshan & Guo, Pibin & Yao, Xilong & Liu, Xiuli, 2022. "Do subsidies and R&D investment boost energy transition performance? Evidence from Chinese renewable energy firms," Energy Policy, Elsevier, vol. 164(C).
    15. Joshua Sunday Riti & Deyong Song & Yang Shu & Miriam Kamah & Agya Adi Atabani, 2018. "Does renewable energy ensure environmental quality in favour of economic growth? Empirical evidence from China’s renewable development," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(5), pages 2007-2030, September.
    16. Agyenim Boateng & XiaoGang Bi & Sanjukta Brahma, 2017. "The impact of firm ownership, board monitoring on operating performance of Chinese mergers and acquisitions," Review of Quantitative Finance and Accounting, Springer, vol. 49(4), pages 925-948, November.
    17. Bertsch, Valentin & Di Cosmo, Valeria, 2018. "Are Renewables Profitable in 2030? A Comparison between Wind and Solar across Europe," ESP: Energy Scenarios and Policy 276178, Fondazione Eni Enrico Mattei (FEEM).
    18. Kai Chang & Ning Lu & Ze Sheng Li & Yi Ran Wang, 2021. "The combined impacts of fiscal and credit policies on green firm's investment opportunity: Evidences from Chinese firm‐level analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(7), pages 1822-1835, October.
    19. Vasanthan Subramaniam, 2018. "Family Ownership and Dividend Policy: Empirical Evidence from Malaysia," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(5), pages 112-112, March.
    20. Escoffier, Margaux & Hache, Emmanuel & Mignon, Valérie & Paris, Anthony, 2021. "Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?," Energy Economics, Elsevier, vol. 97(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:159:y:2021:i:c:s0301421521004766. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.