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

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.


Issue Date:
2012-12
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/143130
Total Pages:
36
JEL Codes:
O19; O21; Q40
Series Statement:
ERM
100.2012




 Record created 2017-04-01, last modified 2017-08-26

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