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Journals / Journal of Research in Economics / 2019 / Cilt: 3 - Sayı: 2

OIL PRICES AND RENEWABLE ENERGY: OIL DEPENDENT COUNTRIES

Pınar DENİZ
Pages
139–152
Publication Date
2019-10-27
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results reflect distinct results for oil exporters and oil importers due to their diverse motivations.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Volatility in oil prices is argued to be one of the reasons of the rising attractiveness of renewable energy as a way to lower oil dependence, which creates vulnerability to oil price shocks.
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Key Findings & Data:However, the scenario can be different for oil importing and oil exporting economies.
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Conclusion & Impact:The results reflect distinct results for oil exporters and oil importers due to their diverse motivations.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Renewable Energy · Oil Price · OPEC

Abstract

Volatility in oil prices is argued to be one of the reasons of the rising attractiveness of renewable energy as a way to lower oil dependence, which creates vulnerability to oil price shocks. However, the scenario can be different for oil importing and oil exporting economies. This study investigates the impact of oil price on renewable energy taking into account of the distinction between oil exporters and oil importers. For a group of major oil exporters and a group of major importers, the relationship between oil price volatility and renewable energy, is examined using different methodologies. The results reflect distinct results for oil exporters and oil importers due to their diverse motivations.

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Cite This Article

DENİZ, P. (2019). OIL PRICES AND RENEWABLE ENERGY: OIL DEPENDENT COUNTRIES. Journal of Research in Economics, Cilt: 3 - Sayı: 2, 139–152. https://ajindex.com/articles/3678

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