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dc.contributor.authorApergis, Nicholas
dc.contributor.authorPayne, James
dc.date.accessioned2019-01-28T17:55:47Z
dc.date.available2019-01-28T17:55:47Z
dc.date.issued2014-01-20
dc.identifier.citationApergis, N. and Payne, J.E., (2014). 'Renewable energy, output, CO2 emissions, and fossil fuel prices in Central America: Evidence from a nonlinear panel smooth transition vector error correction model'. Energy Economics, 42, pp.226-232. DOI: 10.1016/j.eneco.2014.01.003en_US
dc.identifier.issn0140-9883
dc.identifier.doi10.1016/j.eneco.2014.01.003
dc.identifier.urihttp://hdl.handle.net/10545/623407
dc.description.abstractThis study examines the determinants of renewable energy consumption per capita for a panel of seven Central American countries over the period 1980 to 2010. Specifically, we find that a long-run cointegrated relationship exists between renewable energy consumption per capita, real GDP per capita, carbon emissions per capita, real coal prices, and real oil prices with the respective coefficients positive and statistically significant. A structural break in the cointegrating relationship appears in 2002 which coincides with the establishment of the Energy and Environment Partnership with Central America initiative to expand the use of renewable energy sources. Recognizing the regime shift in 2002, we estimate a nonlinear panel smooth transition vector error correction model to show that for the post-2002 period, the influence of renewable energy consumption per capita upon real coal and oil prices strengthened relative to the pre-2002 period as well as a greater sensitivity of real GDP per capita to carbon emissions per capita.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/*
dc.subjectRenewable Energyen_US
dc.subjectCentral Americaen_US
dc.subjectFossil fuel pricesen_US
dc.subjectEmissionsen_US
dc.subjectStructural breaksen_US
dc.titleRenewable energy, output, CO2 emissions, and fossil fuel prices in Central America: Evidence from a nonlinear panel smooth transition vector error correction modelen_US
dc.typeArticleen_US
dc.contributor.departmentUniversity of Piraeusen_US
dc.contributor.departmentUniversity of New Orleansen_US
dc.identifier.journalEnergy Economicsen_US
dc.internal.reviewer-noteAccepted 8 January 2014, Available online 20 January 2014. https://www.sciencedirect.com/science/article/pii/S014098831400005Xen
dcterms.dateAccepted2014-01-08


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