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Why firms invest (or not) in energy efficiency? A review of the econometric evidence

Jose Garcia-Quevedo and Xavier Massa-Camps ()
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Xavier Massa-Camps: Universitat de Barcelona

No 2019/07, Working Papers from Institut d'Economia de Barcelona (IEB)

Abstract: The motives that firms have for investing in energy efficiency have been widely analysed in the literature. Particularly, there is a huge literature on barriers to energy efficiency investment and adoption. This paper reviews the econometric analyses carried out in this field. The main objective is to provide a general overview of the state of the econometric literature on the barriers and drivers of energy efficiency. We examine the main features of these studies and particularly the results of the explanatory variables used. We have classified them into three groups, barriers, drivers and firm characteristics. The paper ends with some suggestions for further analysis in order to improve our knowledge of energy efficiency investment.

Keywords: Energy efficiency; Literature review (search for similar items in EconPapers)
JEL-codes: C01 Q40 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2019
New Economics Papers: this item is included in nep-ene, nep-his and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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