| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Analysis of Public Subsidies to the Solar Energy Sector: Corruption and the Role of Institutions |
| Fabio Moliterni
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| 发表日期 | 2017
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| 出处 | Society and Sustainability
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| 出版年 | 2017
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| 语种 | 英语
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| 摘要 | This study investigates the connection between rent-seeking behaviour, corruption activity and quality of institutions to empirically evaluate the unexpected implications of an energy policy for criminal activity. The object of this research is a program of public subsidies introduced in Italy in 2005, which successfully boosted the solar energy sector but seems to have generated a growth of corruption activity, arisen from the opportunity of rent extraction. In particular, according to the main hypothesis of this research, bribery is expected to rise significantly where big photovoltaic plants are concentrated and administrative procedures are more complicated. To determine the causal effect of the subsidies on corruption, the study employs a Difference-in-Difference methodology on a sample of 76 Italian provinces and exploits solar radiation as exogenous variable to discriminate the profitability of investments and bribing. Results confirm that, in poor-institutions areas, the growth of the solar sector in sunniest provinces has gone hand in hand with increasing corruption. Results suggest that policy makers should pay additional attention to the potential distortions of public policies implying large rent opportunities, in areas where the weakness of institutional settings and the bureaucratic complexities encourage illegal behaviour.
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Suggested citation: Moliterni F., (2017), 'Farsighted Stability with Heterogeneous Expectations', Nota di Lavoro 33.2017, Milan, Italy: Fondazione Eni Enrico Mattei |
| 特色分类 | O13;D73;P47;H23
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| 关键词 | Renewable Energy
Corruption
Public Subsidies
Legal Institutions
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/analysis-of-public-subsidies-to-the-solar-energy-sector-corruption-and-the-role-of-institutions/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118569
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推荐引用方式
GB/T 7714 |
Fabio Moliterni. Analysis of Public Subsidies to the Solar Energy Sector: Corruption and the Role of Institutions. 2017.
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