The Local Economic Impact of Wind Power Deployment
Nils May and
Øivind Nilsen ()
No 9/2015, Discussion Paper Series in Economics from Norwegian School of Economics, Department of Economics
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. (search for similar items in EconPapers)
JEL-codes: C23 Q42 R11 (search for similar items in EconPapers)
Pages: 34 pages
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Journal Article: The Local Economic Impact of Wind Power Deployment (2019)
Working Paper: The Local Economic Impact of Wind Power Deployment (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:nhheco:2015_009
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