Economic Effects of Wind Power Plant Deployment on the Croatian Economy
This paper tests the hypothesis that incentives for renewable energy sources contribute to economic development in Croatia. The aim of the paper is to quantify the total effects of wind power plant deployment on the Croatian economy in terms of employment and gross value. Indirect and induced effect...
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| Format: | Article |
| Language: | English |
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MDPI AG
2018-07-01
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| Series: | Energies |
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| Online Access: | http://www.mdpi.com/1996-1073/11/7/1881 |
| _version_ | 1797999165681172480 |
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| author | Davor Mikulić Željko Lovrinčević Damira Keček |
| author_facet | Davor Mikulić Željko Lovrinčević Damira Keček |
| author_sort | Davor Mikulić |
| collection | DOAJ |
| description | This paper tests the hypothesis that incentives for renewable energy sources contribute to economic development in Croatia. The aim of the paper is to quantify the total effects of wind power plant deployment on the Croatian economy in terms of employment and gross value. Indirect and induced effects are spread over the value added chain of producers of investment and intermediate goods and services required for wind power plant deployment and operation. The open input-output model is used for quantifying indirect effects. The closed input output model, which assumes endogenous personal consumption, is applied for quantifying total effects, which includes the effects of induced personal consumption. The gross value added and employment type I and type II multipliers related to wind power plants in Croatia were calculated separately for the investment and intermediate consumption channel. The results show positive indirect and induced effects relating to the deployment of wind power plants in Croatia. They are less pronounced in comparison to previous studies due to the undeveloped domestic production of equipment required for wind power plant deployment. Apart from the manufacturing sector, which produces equipment incorporated into wind power plants, the total effects were significant for construction, transport, and other supporting industries. |
| first_indexed | 2024-04-11T11:00:17Z |
| format | Article |
| id | doaj.art-f8018b9a7afa410fbe63a0fd51ef91bc |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-04-11T11:00:17Z |
| publishDate | 2018-07-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-f8018b9a7afa410fbe63a0fd51ef91bc2022-12-22T04:28:38ZengMDPI AGEnergies1996-10732018-07-01117188110.3390/en11071881en11071881Economic Effects of Wind Power Plant Deployment on the Croatian EconomyDavor Mikulić0Željko Lovrinčević1Damira Keček2The Institute of Economics Zagreb, 10000 Zagreb, CroatiaThe Institute of Economics Zagreb, 10000 Zagreb, CroatiaUniversity Center Varaždin, University North, 42000 Varaždin, CroatiaThis paper tests the hypothesis that incentives for renewable energy sources contribute to economic development in Croatia. The aim of the paper is to quantify the total effects of wind power plant deployment on the Croatian economy in terms of employment and gross value. Indirect and induced effects are spread over the value added chain of producers of investment and intermediate goods and services required for wind power plant deployment and operation. The open input-output model is used for quantifying indirect effects. The closed input output model, which assumes endogenous personal consumption, is applied for quantifying total effects, which includes the effects of induced personal consumption. The gross value added and employment type I and type II multipliers related to wind power plants in Croatia were calculated separately for the investment and intermediate consumption channel. The results show positive indirect and induced effects relating to the deployment of wind power plants in Croatia. They are less pronounced in comparison to previous studies due to the undeveloped domestic production of equipment required for wind power plant deployment. Apart from the manufacturing sector, which produces equipment incorporated into wind power plants, the total effects were significant for construction, transport, and other supporting industries.http://www.mdpi.com/1996-1073/11/7/1881wind power plantsinput-output analysisgross value addedemploymentCroatia |
| spellingShingle | Davor Mikulić Željko Lovrinčević Damira Keček Economic Effects of Wind Power Plant Deployment on the Croatian Economy Energies wind power plants input-output analysis gross value added employment Croatia |
| title | Economic Effects of Wind Power Plant Deployment on the Croatian Economy |
| title_full | Economic Effects of Wind Power Plant Deployment on the Croatian Economy |
| title_fullStr | Economic Effects of Wind Power Plant Deployment on the Croatian Economy |
| title_full_unstemmed | Economic Effects of Wind Power Plant Deployment on the Croatian Economy |
| title_short | Economic Effects of Wind Power Plant Deployment on the Croatian Economy |
| title_sort | economic effects of wind power plant deployment on the croatian economy |
| topic | wind power plants input-output analysis gross value added employment Croatia |
| url | http://www.mdpi.com/1996-1073/11/7/1881 |
| work_keys_str_mv | AT davormikulic economiceffectsofwindpowerplantdeploymentonthecroatianeconomy AT zeljkolovrincevic economiceffectsofwindpowerplantdeploymentonthecroatianeconomy AT damirakecek economiceffectsofwindpowerplantdeploymentonthecroatianeconomy |