The Local Economic Impact of Wind Power Deployment
Nils May and
Øivind Nilsen ()
No 9025, IZA Discussion Papers from Institute of Labor Economics (IZA)
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: panel data; economic development; wind power (search for similar items in EconPapers)
JEL-codes: Q42 R11 C23 (search for similar items in EconPapers)
Pages: 37 pages
New Economics Papers: this item is included in nep-ene and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Published in: FinanzArchiv / Public Finance Analysis, 2019, online first
Downloads: (external link)
Journal Article: The Local Economic Impact of Wind Power Deployment (2019)
Working Paper: The Local Economic Impact of Wind Power Deployment (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp9025
Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany
Access Statistics for this paper
More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().