Photovoltaic deployment: from subsidies to a market-driven growth: A panel econometrics approach

Transcription

1 Photovoltaic deployment: from subsidies to a market-driven growth: A panel econometrics approach Anna Créti, Léonide Michael Sinsin To cite this version: Anna Créti, Léonide Michael Sinsin. Photovoltaic deployment: from subsidies to a marketdriven growth: A panel econometrics approach. cahier de recherche <hal > HAL Id: hal Submitted on 7 Nov 2012 HAL is a multi-disciplinary open access archive for the deposit and dissemination of scientific research documents, whether they are published or not. The documents may come from teaching and research institutions in France or abroad, or from public or private research centers. L archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d enseignement et de recherche français ou étrangers, des laboratoires publics ou privés.

2 ECOLE POLYTECHNIQUE CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE PHOTOVOLTAIC DEPLOYMENT : FROM SUBSIDIES TO A MARKET-DRIVEN GROWTH : A PANEL ECONOMETRICS APPROACH Anna CRETI Léonide Michael SINSIN Cahier n DEPARTEMENT D'ECONOMIE Route de Saclay PALAISEAU CEDEX (33) mailto:chantal.poujouly@polytechnique.edu

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12 Series: PCAP Sample 2009Q1 2011Q4 Observations 48 Mean Median Maximum Minimum Std. Dev Skewness Kurtosis Jarque Bera Probability

13 Series: CAP Sample 2009Q1 2011Q4 Observations 48 Mean Median Maximum Minimum Std. Dev Skewness Kurtosis Jarque Bera Probability

14 Series: PROD Sample 2009Q1 2011Q4 Observations 48 Mean Median Maximum Minimum Std. Dev Skewness Kurtosis Jarque Bera Probability

15 Series: MODULE Sample 2009Q1 2011Q4 Observations 48 Mean Median Maximum Minimum Std. Dev Skewness Kurtosis Jarque Bera Probability

16 MCAP I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV

17 Series: MCAP Sample 2009Q1 2011Q4 Observations 48 Mean Median Maximum Minimum Std. Dev Skewness Kurtosis Jarque Bera Probability

18 B I II III IV I II III IV I II III IV.28 I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV

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24 Dependent Variable: PROD Method: Panel Least Squares Date: 09/21/12 Time: 12:33 Sample: 2009Q1 2011Q4 Periods included: 12 Cross sections included: 4 Total panel (balanced) observations: 48 Variable Coefficient Std. Error t Statistic Prob. MODULE PCAP WCAP CAP MCAP B R squared Mean dependent var Adjusted R squared S.D. dependent var S.E. of regression Akaike info criterion Sum squared resid Schwarz criterion Log likelihood Hannan Quinn criter Durbin Watson stat

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26 Dependent Variable: RES2^2 Method: Panel Least Squares Date: 08/20/12 Time: 11:27 Sample: 2009Q1 2011Q4 Periods included: 12 Cross-sections included: 4 Total panel (balanced) observations: 48 Variable Coefficient Std. Error t-statistic Prob. MCAP^ B^2 9.55E E MODULE^ R-squared Mean dependent var Adjusted R-squared S.D. dependent var S.E. of regression Akaike info criterion Sum squared resid Schwarz criterion Log likelihood Hannan-Quinn criter Durbin-Watson stat Dependent Variable: RES2 Method: Panel Least Squares Date: 08/20/12 Time: 11:59 Sample (adjusted): 2009Q2 2011Q4 Periods included: 11 Cross-sections included: 4 Total panel (balanced) observations: 44 Variable Coefficient Std. Error t-statistic Prob. C RES2(-1) R-squared Mean dependent var Adjusted R-squared S.D. dependent var S.E. of regression Akaike info criterion Sum squared resid Schwarz criterion Log likelihood Hannan-Quinn criter F-statistic Durbin-Watson stat Prob(F-statistic)

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28 Dependent Variable: PROD Method: Panel Least Squares Date: 09/25/12 Time: 13:37 Sample: 2009Q1 2011Q4 Periods included: 12 Cross sections included: 5 Total panel (balanced) observations: 60 Variable Coefficient Std. Error t Statistic Prob. C CAPACITY PRICE Effects Specification Cross section fixed (dummy variables) R squared Mean dependent var Adjusted R squared S.D. dependent var S.E. of regression Akaike info criterion Sum squared resid Schwarz criterion Log likelihood Hannan Quinn criter F statistic Durbin Watson stat Prob(F statistic)

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