The economic impacts of marine energy developments : a case study from Scotland
Allan, Grant and Lecca, Patrizio and McGregor, Peter and Swales, John (2013) The economic impacts of marine energy developments : a case study from Scotland. Marine Policy. ISSN 0308-597X
Full text not available in this repository.Request a copy from the Strathclyde authorAbstract
Delivering the ambitious renewable energy targets set by the Scottish Government will require significant expenditures. Plans have been set out to develop 1.6 GW of marine (wave and tidal) energy capacity between 2010 and 2020 in the Pentland Firth and Orkney Waters area (off the north coast of Scotland) with construction costs estimated at £6 billion. This paper uses multi-sectoral economic models to explore the impact that these (temporary) expenditures could have on the Scottish economy. It is shown that the standard Input–Output (IO) modelling approach significantly overstates the employment and value added impacts compared to Computable General Equilibrium (CGE) methods—in which short-run scarcity of factors of production are explicitly modelled. CGE results (under myopic and forward-looking model specifications) produce smaller impacts during the timespan of expenditures but, unlike IO methods, identify non-trivial “legacy effects” after the expenditures cease.
| Author(s): | Allan, Grant, Lecca, Patrizio, McGregor, Peter and Swales, John | Item type: | Article |
|---|---|
| ID code: | 44097 |
| Keywords: | marine energy, regional economic impact modelling, case study, scotland, renewable energy targets, scottish government, wave and tidal energy, pentland firth, orkney waters, Regional economics. Space in economics, Environmental engineering, Environmental Science(all), Economics and Econometrics, Aquatic Science, Management, Monitoring, Policy and Law, Law |
| Subjects: | Social Sciences > Communities. Classes. Races > Regional economics. Space in economics Technology > Engineering (General). Civil engineering (General) > Environmental engineering |
| Department: | Strathclyde Business School > Economics |
| Depositing user: | Pure Administrator |
| Date deposited: | 18 Jun 2013 09:01 |
| Last modified: | 29 Mar 2019 03:20 |
| Related URLs: | |
| URI: | https://strathprints.strath.ac.uk/id/eprint/44097 |
| Export data: |
CORE (COnnecting REpositories)
CORE (COnnecting REpositories)