An Econometric Analysis of the Effectiveness of Development Finance for the Energy Sector

Giorgio Gualberti, Luis Martins and Morgan Bazilian
Additional contact information
Giorgio Gualberti: Instituto Superior Técnico, Technical University of Lisbon
Morgan Bazilian: International Institute for Applied Systems Analysis, Laxenburg

No 2012.100, Working Papers from Fondazione Eni Enrico Mattei

Abstract: Reaching the objective of universal access to modern energy services will require large investments in infrastructure in developing countries. An important part of funding will be provided in the form of development finance and its effectiveness in producing positive impacts is crucial for this achievement. This paper presents a panel analysis of the relationship between the installed capacity of electricity generation, the development finance committed for the energy sector, and the gross fixed capital formation. We tested four models with a large dataset and found development finance to have, in most cases, a positive influence on installed base.

Keywords: International Aid; Energy Access; Aid Effectiveness (search for similar items in EconPapers)
JEL-codes: O19 O21 Q40 (search for similar items in EconPapers)
Date: 2012-12
New Economics Papers: this item is included in nep-ene and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: An Econometric Analysis of the Effectiveness of Development Finance for the Energy Sector (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2012.100

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