Green Subsidies and Learning-by-doing in the Windmill Industry
AbstractThis paper examines the remarkable learning-by-doing in the windmill industry since it emerged in the beginning of the 1980's. Green subsidies for producing electricity by wind power has been a precondition for the rapid growth in the production of windmills. Based on time series of prices of windmills a dynamic cost function for producing windmills is tested. The cost disadvantage of producing electricity by windmills relative to traditional power stations has narrowed considerably because of a strong learning-by-doing effect. The deliberate policy to subsidize production of electricity by windpower has placed Denmark in a first-mover position in this market and the future has to show whether this is a successful story of an infant industrial policy.
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Bibliographic InfoPaper provided by University of Copenhagen. Department of Economics. Centre for Industrial Economics in its series CIE Discussion Papers with number 2001-06.
Length: 20 pages
Date of creation: Apr 2001
Date of revision:
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Learning-by-doing; infant industry; green subsidies;
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- D2 - Microeconomics - - Production and Organizations
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- Lindman, Åsa & Söderholm, Patrik, 2012. "Wind power learning rates: A conceptual review and meta-analysis," Energy Economics, Elsevier, vol. 34(3), pages 754-761.
- Nagesh Kumar & Kevin P. Gallagher, 2007. "Relevance of Ã¢â‚¬ËœPolicy SpaceÃ¢â‚¬â„¢ for Development : Implications for Multilateral Trade Negotiations," Trade Working Papers 22111, East Asian Bureau of Economic Research.
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