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Is there convergence in renewable energy deployment? Evidence from a new panel unit root test with smooth and sharp structural breaks

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dc.contributor.author Çorakçı, Ayşegül
dc.contributor.author Omay, Tolga
dc.date.accessioned 2024-06-05T11:00:26Z
dc.date.available 2024-06-05T11:00:26Z
dc.date.issued 2023-03
dc.identifier.citation Çorakçı, Ayşegül; Omay, Tolga (2023). "Is there convergence in renewable energy deployment? Evidence from a new panel unit root test with smooth and sharp structural breaks", Renewable Energy, Vol. 205, pp. 648-662. tr_TR
dc.identifier.issn 0960-1481
dc.identifier.uri http://hdl.handle.net/20.500.12416/8480
dc.description.abstract This study examines whether the contribution of renewable energy to the total primary energy supply converges in a panel of 24 OECD countries over the period 1960–2020. To this end, a new panel unit root test that allows for both sharp and smooth breaks is proposed to test for the stochastic convergence hypothesis. Although renewable energy convergence is not rejected when the newly proposed test is applied to the full panel of OECD countries, it found only moderate support within the members of the panel using a sequential panel selection methodology. In fact, in two high-income OECD countries, the contribution of renewable energy to the primary energy supply shows no sign of convergence: Poland and Iceland. Therefore, the renewable energy shares seem to be converging to a common steady state in only a group of OECD countries over the long run. This uneven pattern of convergence, in turn, suggests that the OECD countries are still far away from developing a common sustainable renewable energy target, calling for urgent international policy cooperation to encourage the divergent economies to seek out the menu of policies that ensure the worldwide success of renewable energy transformation. tr_TR
dc.language.iso eng tr_TR
dc.relation.isversionof 10.1016/j.renene.2023.01.119 tr_TR
dc.rights info:eu-repo/semantics/closedAccess tr_TR
dc.subject Energy Supply tr_TR
dc.subject Panel Unit Root Test With Sharp and Smooth Breaks tr_TR
dc.subject Renewable Energy tr_TR
dc.subject Stochastic Convergence tr_TR
dc.title Is there convergence in renewable energy deployment? Evidence from a new panel unit root test with smooth and sharp structural breaks tr_TR
dc.type article tr_TR
dc.relation.journal Renewable Energy tr_TR
dc.contributor.authorID 103299 tr_TR
dc.identifier.volume 205 tr_TR
dc.identifier.startpage 648 tr_TR
dc.identifier.endpage 662 tr_TR
dc.contributor.department Çankaya Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Ekonomi Bölümü tr_TR


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