This paper studies the links between non-renewable and intermittent renewable energy sources in the production of electricity. We argue that the relationship between the price of natural gas and investments in solar and wind capacity is non-linear and can be represented by an inverted-U shape....

Focusing on European countries, this paper investigates the link between market-oriented institutions, as measured by the economic freedom index, and the production of energy from renewable sources. A dynamic panel approach shows that this correlation is positive and significant while the...