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

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HAL Id: hal-00749385

https://hal.archives-ouvertes.fr/hal-00749385

Preprint submitted on 7 Nov 2012

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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 market-driven growth: A panel econometrics approach. 2012. �hal-00749385�

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PHOTOVOLTAIC DEPLOYMENT : FROM SUBSIDIES TO A MARKET-DRIVEN GROWTH : A PANEL ECONOMETRICS APPROACH

Anna CRETI

Léonide Michael SINSIN

Cahier n°

2012-32

ECOLE POLYTECHNIQUE

CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE

DEPARTEMENT D'ECONOMIE

Route de Saclay 91128 PALAISEAU CEDEX

(33) 1 69333033

http://www.economie.polytechnique.edu/

mailto:chantal.poujouly@polytechnique.edu

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(18)

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Method: Panel Least Squares

Date: 09/21/12 Time: 12:33

Sample: 2009Q1 2011Q4

Periods included: 12

Crosssections included: 4

Total panel (balanced) observations: 48

Variable Coefficient Std. Error tStatistic Prob.

MODULE 0.110894 0.297559 3.372679 0.0711

PCAP 1.782311 0.601552 2.962855 0.0050

WCAP 1.836926 0.789432 2.326896 0.0249

CAP 1.439234 0.668334 2.153465 0.0371

MCAP 0.894005 0.814940 1.397019 0.1279

B 0.577727 0.024911 1.610174 0.1250

Rsquared 0.852494 Mean dependent var 0.042852

Adjusted Rsquared 0.861124 S.D. dependent var 0.425102 S.E. of regression 0.165093 Akaike info criterion 0.298999

Sum squared resid 2.951527 Schwarz criterion 0.532899

Log likelihood 1.175969 HannanQuinn criter. 0.387390

DurbinWatson stat 1.943774

(25)

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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

Variable Coefficient Std. Error t-Statistic Prob.

MCAP^2 -0.000652 0.006362 -0.102553 0.9188

B^2 9.55E-06 4.30E-05 0.222166 0.8252

MODULE^2 0.014192 0.030488 0.465487 0.6438 R-squared -0.664139 Mean dependent var 0.003559 Adjusted R-squared -0.738100 S.D. dependent var 0.004360 S.E. of regression 0.005749 Akaike info criterion -7.419214 Sum squared resid 0.001487 Schwarz criterion -7.302264 Log likelihood 181.0611 Hannan-Quinn criter. -7.375018 Durbin-Watson stat 1.995618

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

Variable Coefficient Std. Error t-Statistic Prob.

C -0.001323 0.008406 -0.157449 0.8756 RES2(-1) 0.512306 0.145489 3.521272 0.0010 R-squared 0.227932 Mean dependent var 0.002024 Adjusted R-squared 0.209549 S.D. dependent var 0.062310 S.E. of regression 0.055399 Akaike info criterion -2.904139 Sum squared resid 0.128898 Schwarz criterion -2.823039 Log likelihood 65.89105 Hannan-Quinn criter. -2.874063 F-statistic 12.39935 Durbin-Watson stat 1.891035 Prob(F-statistic) 0.001049

(27)

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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

Crosssections included: 5

Variable Coefficient Std. Error tStatistic Prob.

C 0.249642 0.197953 1.261121 0.2128

CAPACITY 1.064859 0.085239 12.49265 0.0000

PRICE 0.095821 0.106322 2.901232 0.0315

Effects Specification

Crosssection fixed (dummy variables)

Rsquared 0.931898 Mean dependent var 2.055392

Adjusted Rsquared 0.924188 S.D. dependent var 0.266278 S.E. of regression 0.073317 Akaike info criterion 2.278776 Sum squared resid 0.284893 Schwarz criterion 2.034436 Log likelihood 75.36327 HannanQuinn criter. 2.183201

Fstatistic 120.8741 DurbinWatson stat 1.836766

Prob(Fstatistic) 0.000000

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