An Econometric Analysis of the Effectiveness of Development Finance for the Energy Sector

36 Pages Posted: 17 Jan 2013

See all articles by Giorgio Gualberti

Giorgio Gualberti

Technical University of Lisbon (UTL)

Luis Filipe Martins

University Institute of Lisbon (IUL) - School of Business

Morgan Bazilian

National Renewable Energy Laboratory

Multiple version iconThere are 2 versions of this paper

Date Written: January 17, 2013

Abstract

Reaching the objective of universal access to modern energy services will require large investments in infrastructure in developing countries. An important part of funding will be provided in the form of development finance and its effectiveness in producing positive impacts is crucial for this achievement. This paper presents a panel analysis of the relationship between the installed capacity of electricity generation, the development finance committed for the energy sector, and the gross fixed capital formation. We tested four models with a large dataset and found development finance to have, in most cases, a positive influence on installed base.

Keywords: international aid, energy access, aid effectiveness

JEL Classification: O19, O21, Q40

Suggested Citation

Gualberti, Giorgio and Martins, Luis Filipe and Bazilian, Morgan, An Econometric Analysis of the Effectiveness of Development Finance for the Energy Sector (January 17, 2013). FEEM Working Paper No. 100.2012, Available at SSRN: https://ssrn.com/abstract=2202048 or http://dx.doi.org/10.2139/ssrn.2202048

Giorgio Gualberti (Contact Author)

Technical University of Lisbon (UTL) ( email )

IST - Avenida Rovisco Pais
Lisbon, 1200
Portugal

Luis Filipe Martins

University Institute of Lisbon (IUL) - School of Business ( email )

Dept of Quantitative Methods
Av Forcas Armadas
Lisbon, 1649-026
Portugal

HOME PAGE: http://iscte.pt/~lfsm

Morgan Bazilian

National Renewable Energy Laboratory ( email )

1617 Cole Blvd.
Golden, CO 80401-3393
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
67
Abstract Views
816
Rank
251,702
PlumX Metrics