Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/110750
Authors: 
May, Nils G.
Nilsen, Øivind Anti
Year of Publication: 
2015
Series/Report no.: 
IZA Discussion Papers 9025
Abstract: 
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.
Subjects: 
wind power
economic development
panel data
JEL: 
Q42
R11
C23
Document Type: 
Working Paper

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