Does the mixture of policy instruments matter? An empirical test of government support for the private provision of public goods
AbstractGovernments wishing to encourage the private sector provision of a public good canchoose amongst a wide variety of economic instruments. This paper analyses howgovernments in the EU(15) countries have succeeded in stimulating investment in windturbines between 1985 and 2000, using national laws and decrees, IEA/OECD data onwind turbines, and one hypothetical investment project to calculate Tobin's Q. Themain question addressed is whether the portfolio of policy instruments matters, orwhether government support for the private provision of a public good is a matter ofa pecuniary transferral.
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Bibliographic InfoPaper provided by Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam. in its series Research Paper with number ERS-2004-073-F&A.
Date of creation: 13 Sep 2004
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subsidies; Tobin's Q; fiscal investment incentives; private provision of public goods; renewable energy;
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