Barriers to Firms Energy Efficiency in Transition Countries

Antonella Biscione (), Dorothee Boccanfuso, Annunziata de Felice and Francesco Porcelli
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Antonella Biscione: Department of Bioeconomic Strategies in the European Union and in the Balkans CESPIC, Catholic University Our Lady of Good Counsel

No 1014, Working Papers from European Centre of Peace Science, Integration and Cooperation (CESPIC), Catholic University 'Our Lady of Good Counsel'

Abstract: This study seeks to explore the firm barriers of energy efficiency in a set of 28 Transition economies exploiting the enterprise survey data collected by the European Bank for Reconstruction and Development (EBRD) jointly with the European Investment Bank (EIB) and the World Bank Group (WBG). Based on the Ordinary Least Square (OLS) regression model and on the construction of three different indicators to evaluate the energy efficiency, we find that the barriers to the adoption of energy efficiency measures mainly lack financial resources and profitability. Findings obtained from the interactions are also worthy of note. In particular, we find that the absence of profitability starts being stronger for non-EU countries. Instead, there is no evidence of heterogenous effects for industry sectors.

Keywords: Firms energy efficiency; Barriers; Transition economies (search for similar items in EconPapers)
JEL-codes: D22 K32 L29 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2021-05
New Economics Papers: this item is included in nep-eff, nep-ene, nep-isf and nep-tra
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Journal Article: Barriers to firms’ energy efficiency in transition countries (2023)
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