한･중･일의 신재생에너지 소비량 결정 요인 분석에 관한 연구
Analysis of the Factor of Renewable Energy Consumption in Korea, China and Japan
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This paper analyzes the factors of renewable energy consumption in Korea, China and Japan. We consider renewable energy consumption per capita as dependent variable, GDP per capita, CO2 emissions per capita and real oil prices as independent variables. To analyze this model, this paper uses three econometric methods such as OLS, fixed effect model and panel GLS, utilizing data from 1990 to 2006 in Korea, China and Japan. According to the results by OLS for each country, an increase in GDP per capita or CO2 emissions per capita or oil prices leads to an increase in renewable energy consumption. According to the results by fixed effect model, an increase in GDP per capita or CO2 emissions per capita leads to an increase in renewable energy consumption. And real oil prices do not have a significant impacts on this model. According to the results by panel GLS, an increase in real GDP per capita as a proxy of income leads to an increase renewable energy consumption. And both CO2 emissions per capita and real oil prices do not correlated closely with renewable energy consumption. Thus oil is not substituted to renewable energy in Northeast asian countries.
Abstract
This paper analyzes the factors of renewable energy consumption in Korea, China and Japan. We consider renewable energy consumption per capita as dependent variable, GDP per capita, CO2 emissions per capita and real oil prices as independent variables. To analyze this model, this paper uses three econometric methods such as OLS, fixed effect model and panel GLS, utilizing data from 1990 to 2006 in Korea, China and Japan. According to the results by OLS for each country, an increase in GDP per capita or CO2 emissions per capita or oil prices leads to an increase in renewable energy consumption. According to the results by fixed effect model, an increase in GDP per capita or CO2 emissions per capita leads to an increase in renewable energy consumption. And real oil prices do not have a significant impacts on this model. According to the results by panel GLS, an increase in real GDP per capita as a proxy of income leads to an increase renewable energy consumption. And both CO2 emissions per capita and real oil prices do not correlated closely with renewable energy consumption. Thus oil is not substituted to renewable energy in Northeast asian countries.
참고문헌 (12)
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