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Barriers to Firms Energy Efficiency in Transition Countries

Author

Listed:
  • Antonella Biscione

    (Department of Bioeconomic Strategies in the European Union and in the Balkans CESPIC, Catholic University Our Lady of Good Counsel)

  • Dorothee Boccanfuso

    (Faculte de Gouvernance, Sciences Economiques et Sociales, AIRESS, Universite Mohammed VI Polytechnique)

  • Annunziata de Felice
  • Francesco Porcelli

    (Department of Law, University of Bari Aldo Moro
    Department of Law, University of Bari Aldo Moro)

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 Square (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 & Dorothee Boccanfuso & Annunziata de Felice & Francesco Porcelli, 2021. "Barriers to Firms Energy Efficiency in Transition Countries," Working Papers 1014, European Centre of Peace Science, Integration and Cooperation (CESPIC), Catholic University 'Our Lady of Good Counsel'.
    • Handle: RePEc:pea:wpaper:1014
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    References listed on IDEAS

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    More about this item

    Keywords

    Firms energy efficiency; Barriers; Transition economies;
    All these keywords.

    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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