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Macroeconomic Indicators Used to Study the Efficiency of Investments in Renewable Energy Field

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Author Info

  • Corina PÎRLOGEA

    ()
    (The Bucharest University of Economic Studies, Romania)

  • Ion POPA

    ()
    (The Bucharest University of Economic Studies, Romania)

  • Corina FR?SINEANU

    ()
    (The Bucharest University of Economic Studies, Romania)

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    Abstract

    This paper aims to analyze the main indicators used to express the efficiency of renewable energy investments at macroeconomic level. Based on three econometric models, we present the calculation method of these indicators, along with interpretation. In the study are included countries with very high and high human development, member states of the European Union. Results indicate that all countries have a good economic efficiency of investments in renewable energy, but low social efficiency. As for the environmental efficiency of renewable investments, the findings reveal that only six European countries manage to direct their efforts to mitigate carbon dioxide emissions and in this way to have a high environmental efficiency of investments.

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    File URL: http://www.management.ase.ro/reveconomia/2012-2/6.pdf
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    Bibliographic Info

    Article provided by Faculty of Management, Academy of Economic Studies, Bucharest, Romania in its journal ECONOMIA seria MANAGEMENT / ECONOMY - MANAGEMENT series.

    Volume (Year): 15 (2012)
    Issue (Month): 2 (December)
    Pages: 308-315

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    Handle: RePEc:rom:econmn:v:15:y:2012:i:2:p:308-315

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    Related research

    Keywords: renewable energy investments; economic efficiency; ecological efficiency; social efficiency.;

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    1. Hatzigeorgiou, Emmanouil & Polatidis, Heracles & Haralambopoulos, Dias, 2011. "CO2 emissions, GDP and energy intensity: A multivariate cointegration and causality analysis for Greece, 1977-2007," Applied Energy, Elsevier, vol. 88(4), pages 1377-1385, April.
    2. Stephan B. Bruns & Christian Gross, 2012. "Can Declining Energy Intensity Mitigate Climate Change? Decomposition and Meta-Regression Results," Papers on Economics and Evolution 2012-11, Max Planck Institute of Economics, Evolutionary Economics Group.
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