@article{Sahin:333471,
      recid = {333471},
      author = {Sahin, Sebnem},
      title = {Private Sector Alignment with the European Green Deal in  the Western Balkans},
      address = {2022},
      pages = {42},
      year = {2022},
      note = {Presented at the 25th Annual Conference on Global Economic  Analysis (Virtual Conference)},
      abstract = {The aim of this paper is to estimate how the role of the  private sector in the Western Balkans aligns with the  European Green Deal. For this purpose, we developed an  economy-wide Computable General Equilibrium (CGE) model  based on the net economic and environmental benefits  obtained from climate finance projects in North Macedonia.  We focus on two types of investments: those that target  green/digital startups and innovative SMEs (MSME Fund), and  others that support large enterprises and infrastructure  PPP SPVs (Special Purpose Vehicle) in European Green Deal  (EGD) sectors (GSIF). Our analysis focuses on the time  frame 2023-2050; the rate of return of those two  investments at the end of 5 cycles of investment is around  1.15 to 1.16 for the MSME and GSIF. Both Funds contribute  towards decoupling in the approach to 2050. GDP increases  by around 1.22 and 2.67 percentage points above the  baseline in 2050 while CO2 emissions decrease by about 5.28  and 6.6 (under MSME and GSIF respectively). Overall effects  on GDP components (consumption, exports, imports) are  positive and higher for GSIF which is a larger fund than  MSME. The model estimates a cross-economic increase by  0.69% (or 9,468 jobs) for the MSME Fund and a 1.36%  increase (or 18,648 jobs) for the GSIF when above the  baseline in 2050. This estimate includes a 0.38% increase  in employment in the “sectors within the MSME portfolio”,  hence an additional 867 jobs above the baseline in 2050.  Regarding the “sectors within the GSIF portfolio”, the  model estimates a 1.35% increase in employment, equivalent  of 17,867 new jobs in 2050 compared to the baseline.},
      url = {http://ageconsearch.umn.edu/record/333471},
}