Honors College Thesis
 

Economic Analysis of the Potential for Nuclear Energy Investment in Eastern Europe

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https://ir.library.oregonstate.edu/concern/honors_college_theses/h702qg03m

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  • This paper contributes to the ongoing discussion on the impacts of nuclear energy on the economy and energy security of select European countries. While previous literature has identified a connection between nuclear energy and economic growth, this study focuses on assessing the comparative effects of nuclear energy, measured by operable nuclear power capacity (MWe), on energy self-sufficiency across a range of European countries. By employing a two-way fixed effects model, this study analyzes the potential relationship between nuclear energy capacity and energy self-sufficiency while accounting for various factors that influence both variables. To ensure the robustness of findings, collinearity was examined using the variance inflation factor (VIF), which gauges the presence of multicollinearity among independent variables. Additionally, stationarity was investigated through unit root tests (ADF test) to assess the long-term behavior of the variables under inspection. This analysis reveals compelling results, suggesting that investment in nuclear energy has the potential to enhance energy self-sufficiency for multiple European countries, with a particular emphasis on certain Eastern European nations. By exploring the specific effects of nuclear energy capacity on energy self-sufficiency, this study provides valuable insights for policymakers, private nuclear companies, and researchers interested in the sustainable development of advanced nuclear energy systems in Europe.
  • Keywords: Nuclear Energy, Econometrics, Economic Analysis, Energy Economics
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