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

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  • Gualberti, Giorgio
  • Martins, Luis Filipe
  • Bazilian, Morgan

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.

Suggested Citation

  • Gualberti, Giorgio & Martins, Luis Filipe & Bazilian, Morgan, 2012. "An Econometric Analysis of the Effectiveness of Development Finance for the Energy Sector," Economy and Society 143130, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemso:143130
    DOI: 10.22004/ag.econ.143130
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    References listed on IDEAS

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    Cited by:

    1. Gualberti, Giorgio & Singer, Christine Eibs & Bazilian, Morgan, 2013. "The capacity to spend development funds in the energy sector," Utilities Policy, Elsevier, vol. 26(C), pages 36-44.

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    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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