@TechReport{iza:izadps:dp9025,
            	author={May, Nils G. and Nilsen, Øivind Anti},
            	title={The Local Economic Impact of Wind Power Deployment},
            	year={2015},
	month={Apr},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={9025},
            	url={https://www.iza.org/index.php/publications/dp9025},
	abstract={Globally installed wind power capacity has grown tremendously since 2000. This study focuses on the local economic impacts of wind power deployment. A theoretical model shows that wind power deployment is not necessarily driven by locally-accruing economic payoffs, but also by other factors such as emphasis on environmentally-friendly energy production and its associated benefits. The theoretical analysis is followed by an empirical analysis using German county-level panel data. After controlling for a set of observable and unobservable factors, the results state that wind power installation has no impact on GDP per capita. These findings support the predictions from the theoretical model: local economic impacts cannot alone explain the observed increase in wind power capacity.},
	keywords={wind power;economic development;panel data},
            }