The Local Economic Impact of Wind Power Deployment
| Autor: | Øivind Anti Nilsen, Nils May |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Wind power
business.industry 05 social sciences Green electricity Environmental economics Unobservable Software deployment 0502 economics and business Per capita Economics Production (economics) 050202 agricultural economics & policy Economic impact analysis 050207 economics business Finance Panel data |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| DOI: | 10.2139/ssrn.2604388 |
| Popis: | Globally installed wind power capacity has grown tremendously since 2000. This study focuses on the local economic impacts of wind power deployment. A theoretical model shows that wind power deployment is not necessarily driven by locally-accruing economic payoffs, but also by other factors such as emphasis on environmentally-friendly energy production and its associated benefits. The theoretical analysis is followed by an empirical analysis using German county-level panel data. After controlling for a set of observable and unobservable factors, the results state that wind power installation has no impact on GDP per capita. These findings support the predictions from the theoretical model: local economic impacts cannot alone explain the observed increase in wind power capacity. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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