Electricity regulation and economic growth

Electricity regulation and economic growth 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 areas of regulation, renewable energy promotion costs and network costs, 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Energy Policy Elsevier

Electricity regulation and economic growth

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Publisher
Elsevier
Copyright
Copyright © 2017 Elsevier Ltd
ISSN
0301-4215
D.O.I.
10.1016/j.enpol.2017.11.004
Publisher site
See Article on Publisher Site

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 areas of regulation, renewable energy promotion costs and network costs, 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.

Journal

Energy PolicyElsevier

Published: Feb 1, 2018

References

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