The Local Economic Impact of Wind Power Deployment

Nils May and Øivind Nilsen

FinanzArchiv: Public Finance Analysis, 2019, vol. 75, issue 1, 56-92

Abstract: This study focuses on the local economic impacts of wind power deployment. Wind power deployment is not necessarily driven by locally accruing economic payoffs only, but potentially also by other factors, such as emphasis on environmentally friendly energy production and its associated benefits. Thus, the local economic impacts of wind power deployment are ambiguous. We empirically test the existence of such impacts using German county-level panel data. After controlling for a set of observable and unobservable factors, the results show that wind power installation does not have a statistically significant impact on GDP per capita. The findings suggest that local economic impacts alone cannot explain the observed increase in wind power capacity.

Keywords: economic development; green electricity; regional economic development; panel data; wind power (search for similar items in EconPapers)
JEL-codes: C23 Q20 Q42 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: The Local Economic Impact of Wind Power Deployment (2015)
Working Paper: The Local Economic Impact of Wind Power Deployment (2015)
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DOI: 10.1628/fa-2018-0021

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