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Department of Economics, Norwegian School of Economics (NHH) Discussion Paper Series in Economics, Department of Economics, Norwegian School of Economics (NHH)

No 9/2015:
The Local Economic Impact of Wind Power Deployment.

Nils G. May () and Řivind Anti Nilsen ()

Abstract: 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.

Keywords: Wind Power; Economic Development; Panel Data.; (follow links to similar papers)

JEL-Codes: C23; Q42; R11; (follow links to similar papers)

34 pages, April 24, 2015

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