Evaluation of the impact of FDNE financing on the construction of wind farms and its effects on the labor market and economic indicators of municipalities in Sudene's area of operation
Keywords:
Impact evaluation, Wind energy, Labor Market, GDP per capita, Sector GVAAbstract
In 2023, Brazil ranked sixth globally in installed capacity for onshore wind energy, with the
Northeast leading production, accounting for 91.52% of the country’s wind potential. Wind energy
not only provides economic benefits but also fosters local and regional development. This study
aimed to analyze the causal impacts of wind farm deployment in Northeastern municipalities
benefiting from FDNE, focusing on the labor market and economic indicators such as per capita
GDP and Gross Value Added (GVA) in the agricultural, services, and industrial sectors. Using
data from 1999 to 2022 and employing the Difference-in-Differences (DiD) model, the results
show that the construction of wind farms significantly increased employment, per capita GDP,
and GVA in the industrial and services sectors, while causing temporary negative impacts on
the agricultural sector, which dissipated after the completion of the wind farms.
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