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Search: L773:1098 3708 OR L773:1936 4806

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  • Grafström, Jonas, 1985- (author)
  • An Anatomy of Failure : China’s Wind Power Development
  • 2021
  • In: The Wuarterly Journal of Austrian Economics. - : Ludwig von Mises Institute. - 1098-3708 .- 1936-4806. ; 24:2, s. 317-347
  • Journal article (peer-reviewed)abstract
    • China is currently the world’s largest installer of wind power. However,with twice the installed wind capacity compared to the United States in 2015, theChinese produce less power. The question is: Why is this the case? This article showsthat Chinese grid connectivity is low, Chinese firms have few international patents,and that export is low even though production capacity far exceeds domesticproduction needs. Using the tools of Austrian economics, China’s wind powerdevelopment from 1980 to 2016 is documented and analyzed from three angles:(a) planning and knowledge problems, (b) unproductive entrepreneurship, and (c)bureaucracy and government policy. From a theoretical standpoint, both a planningproblem and an entrepreneurial problem are evident where governmental policiescreate misallocation of resources and a hampering of technological development.
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Type of publication
journal article (2)
Type of content
peer-reviewed (2)
Author/Editor
Grafström, Jonas, 19 ... (1)
Lakomaa, Erik (1)
University
Luleå University of Technology (1)
Stockholm School of Economics (1)
Language
English (2)
Research subject (UKÄ/SCB)
Social Sciences (2)

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