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  • Energy Research

  • The macroeconomic impact of renewable electricity power generation projects

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    descriptionPublicationkeyboard_double_arrow_right Article , Journal 2019 Italy Publisher:Elsevier BV
    Authors: ANDINI C; CABRAL R; SANTOS J E;

    doi: 10.1016/j.renene.2018.07.097

    handle: 11573/1599273 , 2318/1685619

    Abstract Policy makers are increasingly supporting the development of renewable electricity power generation projects not only for environmental concerns but also for economic reasons. Several studies have indeed documented that renewable electricity can be a viable economic alternative to electricity power generation based on non-renewable sources. Yet, most of the existing studies are based on microeconomic cost-benefit analyses which disregard the existence of large macroeconomic effects. This paper develops a novel method to evaluate the macroeconomic impact of renewable electricity power generation projects. Economic theory is used to identify the potential effects of these projects on the vector of macroeconomic variables affected by their implementation. A structural vector autoregression model is thus estimated using a novel dataset of quarterly macroeconomic and energy data for Portugal. The estimated impulse-response functions suggest that renewable electricity power generation projects have positive effects on real economic growth in the medium run, through both the investment and the operations phases. Import substitution is the key driver of the overall positive impact.

    downloadFull-Text
    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Archivio Istituziona...arrow_drop_down
    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Archivio Istituzionale della Ricerca (AperTO) - Università di Torino
    Article . 2019
    Full-Text: https://iris.unito.it/request-item?handle=2318/1685619&bitstreamId=e27ce42f-b927-2581-e053-d805fe0acbaa
    Data sources: Archivio Istituzionale della Ricerca (AperTO) - Università di Torino
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Archivio della ricerca- Università di Roma La Sapienza
    Article . 2019
    Full-Text: https://iris.uniroma1.it/request-item?handle=11573/1599273&bitstreamId=e383532d-a3ac-15e8-e053-a505fe0a3de9
    Data sources: Archivio della ricerca- Università di Roma La Sapienza
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Renewable Energy
    Article . 2019 . Peer-reviewed
    License: Elsevier TDM
    Data sources: Crossref
    Renewable Energy
    Journal
    Data sources: Microsoft Academic Graph
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    This Research product is the result of merged Research products in OpenAIRE.

    You have already added works in your ORCID record related to the merged Research product.
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    citations26
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Advanced search in Research products
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The following results are related to Energy Research. Are you interested to view more results? Visit OpenAIRE - Explore.
1 Research products
download

  • The macroeconomic impact of renewable electricity power generation projects

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    descriptionPublicationkeyboard_double_arrow_right Article , Journal 2019 Italy Publisher:Elsevier BV
    Authors: ANDINI C; CABRAL R; SANTOS J E;

    doi: 10.1016/j.renene.2018.07.097

    handle: 11573/1599273 , 2318/1685619

    Abstract Policy makers are increasingly supporting the development of renewable electricity power generation projects not only for environmental concerns but also for economic reasons. Several studies have indeed documented that renewable electricity can be a viable economic alternative to electricity power generation based on non-renewable sources. Yet, most of the existing studies are based on microeconomic cost-benefit analyses which disregard the existence of large macroeconomic effects. This paper develops a novel method to evaluate the macroeconomic impact of renewable electricity power generation projects. Economic theory is used to identify the potential effects of these projects on the vector of macroeconomic variables affected by their implementation. A structural vector autoregression model is thus estimated using a novel dataset of quarterly macroeconomic and energy data for Portugal. The estimated impulse-response functions suggest that renewable electricity power generation projects have positive effects on real economic growth in the medium run, through both the investment and the operations phases. Import substitution is the key driver of the overall positive impact.

    downloadFull-Text
    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Archivio Istituziona...arrow_drop_down
    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Archivio Istituzionale della Ricerca (AperTO) - Università di Torino
    Article . 2019
    Full-Text: https://iris.unito.it/request-item?handle=2318/1685619&bitstreamId=e27ce42f-b927-2581-e053-d805fe0acbaa
    Data sources: Archivio Istituzionale della Ricerca (AperTO) - Università di Torino
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Archivio della ricerca- Università di Roma La Sapienza
    Article . 2019
    Full-Text: https://iris.uniroma1.it/request-item?handle=11573/1599273&bitstreamId=e383532d-a3ac-15e8-e053-a505fe0a3de9
    Data sources: Archivio della ricerca- Università di Roma La Sapienza
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Renewable Energy
    Article . 2019 . Peer-reviewed
    License: Elsevier TDM
    Data sources: Crossref
    Renewable Energy
    Journal
    Data sources: Microsoft Academic Graph
    Claim

    This Research product is the result of merged Research products in OpenAIRE.

    You have already added works in your ORCID record related to the merged Research product.
    Access Routes
    Green
    26
    citations26
    popularityTop 10%
    influenceTop 10%
    impulseTop 10%
    BIP!Powered by BIP!
    more_vert
Powered by OpenAIRE graph