The importance of renewable energy for the power intensive industry, from an economic perspective

Helga Kristjánsdóttir

doi:10.1007/978-3-319-12940-2_6

The importance of renewable energy for the power intensive industry, from an economic perspective

Helga Kristjánsdóttir

School of Health, Business and Natural Sciences

University of Akureyri

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

Economic research on the power intensive industry includes analyzing the importance of renewable energy for the industry. When doing so a sample for multinational activities is applied, often running over countries and years, and even industries. The Gravity model and Knowledge Capital models have proven useful for these analyses. The Gravity model is designed to capture volume of bilateral trade or investment. The Knowledge Capital model accounts for knowledge capital, measured by skilled labor. Also the Heckman 2 step procedure has proven useful, providing estimates in two steps to capture the threshold cost associated with investment in the industry.

Original language	English
Title of host publication	Economics and power-intensive industries
Publisher	Springer International Publishing
Pages	41-49
Number of pages	9
ISBN (Electronic)	978-3-319-12940-2
ISBN (Print)	978-3-319-12939-6
DOIs	https://doi.org/10.1007/978-3-319-12940-2_6
Publication status	Published - 1 Jan 2014

Other keywords

Censored observations
Coefficent
Deflator
Dependent variable
Dummy variable

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-3-319-12940-2_6

Cite this

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KW - Deflator

KW - Dependent variable

KW - Dummy variable

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