In 2012, an earthquake struck one of Italy's most productive and dynamic areas, the Emilia-Romagna region. Just as policy makers are today considering green and climate-conscious investments to recover from the COVID19 pandemic, in 2012, the regional government granted specific energy retrofitting contributions to manufacturing and service firms affected by the seismic event. Through a panel data analysis, we evaluate the impact of such energy policy measures on firm-level labour productivity to assess the presence of non-zero multipliers. We find that energy retrofitting through regional aids positively affected firms' labour productivity. We discuss the energy and economic policy implications of such intervention in the current framework of fiscal recovery packages.

Energy retrofitting of firms after a natural disaster: A 'build back better' strategy / Bosco, Mg; Valeriani, E. - In: ENERGY POLICY. - ISSN 0301-4215. - 179:(2023). [10.1016/j.enpol.2023.113634]

Energy retrofitting of firms after a natural disaster: A 'build back better' strategy

Bosco, MG
;
2023-01-01

Abstract

In 2012, an earthquake struck one of Italy's most productive and dynamic areas, the Emilia-Romagna region. Just as policy makers are today considering green and climate-conscious investments to recover from the COVID19 pandemic, in 2012, the regional government granted specific energy retrofitting contributions to manufacturing and service firms affected by the seismic event. Through a panel data analysis, we evaluate the impact of such energy policy measures on firm-level labour productivity to assess the presence of non-zero multipliers. We find that energy retrofitting through regional aids positively affected firms' labour productivity. We discuss the energy and economic policy implications of such intervention in the current framework of fiscal recovery packages.
2023
File in questo prodotto:
File Dimensione Formato  
Bosco_Energy-retrofitting-of-forms_2023.pdf

accesso aperto

Tipologia: Versione editoriale (versione pubblicata con il layout dell'editore)
Licenza d'uso: Creative commons
Dimensione 1.1 MB
Formato Adobe PDF
1.1 MB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11566/325663
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 0
  • ???jsp.display-item.citation.isi??? 0
social impact