Next Article in Journal
Forecasting Crude Oil Prices Using Ensemble Empirical Mode Decomposition and Sparse Bayesian Learning
Previous Article in Journal
Prediction Method for Power Transformer Running State Based on LSTM_DBN Network
Article Menu
Issue 7 (July) cover image

Export Article

Open AccessArticle
Energies 2018, 11(7), 1881; https://doi.org/10.3390/en11071881

Economic Effects of Wind Power Plant Deployment on the Croatian Economy

1
The Institute of Economics Zagreb, 10000 Zagreb, Croatia
2
University Center Varaždin, University North, 42000 Varaždin, Croatia
*
Author to whom correspondence should be addressed.
Received: 27 June 2018 / Revised: 12 July 2018 / Accepted: 17 July 2018 / Published: 19 July 2018
(This article belongs to the Section Sustainable Energy)
Full-Text   |   PDF [1065 KB, uploaded 19 July 2018]   |  

Abstract

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. View Full-Text
Keywords: wind power plants; input-output analysis; gross value added; employment; Croatia wind power plants; input-output analysis; gross value added; employment; Croatia
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
SciFeed

Share & Cite This Article

MDPI and ACS Style

Mikulić, D.; Lovrinčević, Ž.; Keček, D. Economic Effects of Wind Power Plant Deployment on the Croatian Economy. Energies 2018, 11, 1881.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Energies EISSN 1996-1073 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top