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Barriers to firms’ energy efficiency in transition countries

Author

Listed:
  • Antonella Biscione
  • Dorothée Boccanfuso
  • Annunziata de Felice
  • Francesco Porcelli

Abstract

This study seeks to explore the firm’ barriers of energy efficiency in a set of 28 Transition economies exploiting the enterprise survey data collected by the European Bank for Reconstruction and Development (EBRD) jointly with the European Investment Bank (EIB) and the World Bank Group (WBG). Based on the Ordinary Least Squares (OLS) regression model and on the construction of three different indicators to evaluate the energy efficiency, we find that the barriers to the adoption of energy efficiency measures mainly lack financial resources and profitability. Findings obtained from the interactions are also worthy of note. In particular, we find that the absence of profitability starts being stronger for non-EU countries. Instead, there is no evidence of heterogenous effects for industry sectors.

Suggested Citation

  • Antonella Biscione & Dorothée Boccanfuso & Annunziata de Felice & Francesco Porcelli, 2023. "Barriers to firms’ energy efficiency in transition countries," Applied Economics, Taylor & Francis Journals, vol. 55(36), pages 4258-4272, August.
    • Handle: RePEc:taf:applec:v:55:y:2023:i:36:p:4258-4272
    DOI: 10.1080/00036846.2022.2128180
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    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other

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