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The Driving Force Behind Solar Photovoltaic Sales in the US - Paper
The Driving Force Behind Solar Photovoltaic Sales in the US - Presentation
Abstract: From the outset, this paper makes causal assumptions that sales of photovoltaics are driven by the price of alternative energy supplied and the lowering costs of photovoltaics (installed peak wattage generating capacity) dating back to 1975. Ordinary least squares estimation illustrates that decreasing photovoltaic costs as well as the increasing price of conventional electricity do in fact drive up photovoltaic sales. However, an unusual, yet weak income effect with a negative coefficient arises, implying increasing income drives down sales. No intuition can easily explain such a result. However, the confidence in this coefficient is minimal. Attempts to find a suitable instrumental variable were unsuccessful. Thus, the results of this paper go on to suggest greater research and funding is warranted in discerning the effects driving the growth of the photovoltaic industry.
Little research in the United States delves into the specific psychosomatic death count attributable directly to macroeconomic fluctuations. While the notion of discerning such a specific relationship lends itself to doubt, previous research demonstrates a statistically significant positive effect of unemployment increase and gross domestic product change on the number of cardiovascular related deaths in Sweden. The results of the econometric analysis presented here takes steps towards verifying a positive relationship between change in per capita gross domestic product and the number of deaths due to cardiovascular failures in the United States.
(Note that this term paper is a practice in the style of economic writing and the econometric content should not be taken at face value)
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