(FI) and capital markets (FM) each of which cover the depth and the accessibility of the financial institutions and markets. [...] We use the subindices to measure financial institutions (FI) and capital markets (FM) each of which cover the depth and the accessibility of the financial institutions and markets. [...] SUERF Policy Brief, No 1030 4 Capital markets and renewable energy in the EU The analysis indicates that more developed capital markets have a significant positive impact on the adoption of renewable energy, as reflected in an increasing share of renewables in total energy production. [...] SUERF Policy Brief, No 1030 5 Capital markets and renewable energy in the EU The analysis of solar power reveals an interesting deviation from wind energy and the overall renewable energy adoption. [...] SUERF Policy Brief, No 1030 9 Capital markets and renewable energy in the EU About the authors Florian Horky is a Senior Researcher in the Research Department at the Slovak National Bank and a postdoctoral Researcher at the Zeppelin University in Friedrichshafen, Germany.
Authors
- Pages
- 10
- Published in
- Austria
Table of Contents
- Highlights 2
- Introduction 2
- Renewable energy adoption in Europe 2
- Financial development and different renewable energy sources 5
- Multivariate Results 6
- Conclusions 7
- Appendix A Multivariate regression results 9
- Pc Renew Sh Renew Pc Wind Sh Wind Pc Solar Sh Solar 9
- EPI 51.495 1.158 -4.208 0.067 17.065 0.312 9
- 14.241 9
- 0.258 8.502 0.134 2.838 0.071 9
- RQI 4.018 -0.169 14.025 -0.013 -5.427 -0.128 9
- 7.271 9
- 0.154 5.162 0.086 1.396 0.038 9
- FSI 0.754 -0.475 13.881 -0.158 -0.310 -0.025 9
- 8.515 9
- 0.154 5.911 0.074 2.022 0.043 9
- FI -16.738 0.100 -9.304 -0.121 -2.813 0.013 9
- 4.980 9
- 0.139 3.071 0.069 1.011 0.028 9
- FM 9.373 0.122 9.269 0.125 0.272 0.009 9
- 3.325 9
- 0.073 2.192 0.047 0.614 0.015 9
- Controls Yes Yes Yes Yes Yes Yes 9
- Time Yes Yes Yes Yes Yes Yes 9
- Country Yes Yes Yes Yes Yes Yes 9
- Obs 328 328 328 328 328 328 9
- N 22 22 22 22 22 22 9
- T 14-15 14-15 14-15 14-15 14-15 14-15 9
- R² 0.156 0.152 0.215 0.149 0.265 0.202 9
