Electricity regulation and economic growth

Maria Costa-Campi, Jose Garcia-Quevedo and Elisa Trujillo-Baute

No 2017/21, Working Papers from Institut d'Economia de Barcelona (IEB)

Abstract: The main objective of this paper is to analyse the effect of electricity regulation on economic growth. Although the relationship between electricity consumption and economic growth has been extensively analysed in the empirical literature, this framework has not been used to estimate the effect of electricity regulation on economic growth. Understanding this effect is essential for the assessment of regulatory policy. Specifically, we assess the effects of two major regulations, renewable energy promotion costs and network cost, on electricity consumption and growth. A dataset for the period 2007-2013 and 22 European countries was compiled based on CEER reports and EUROSTAT databases. The results of the empirical analysis show that the two regulation instruments have a negative effect on electricity consumption and economic growth and provide estimates of their effects on growth in quantitative terms.

Keywords: Electricity regulation; network costs; renewable energy; GDP (search for similar items in EconPapers)
Pages: 29 pages
Date: 2017
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Journal Article: Electricity regulation and economic growth (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ieb:wpaper:doc2017-21

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