Discussion Paper Series in Economics, Department of Economics, Norwegian School of Economics (NHH)
Nils G. May
The Local Economic Impact of Wind Power Deployment.
() 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
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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