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PublicationBook chapter

Less from More: China Built Wind Power, but Gained Little Electricity

Abstract

This chapter investigates Chinese wind power development and concludes that innovation cannot be pushed by the efforts of many, and that when the state clarifies directions and objectives, these can be achieved but with severe and unexpected side effects. Two topics are explored: wind curtailment and low technological development, both examples of unproductive entrepreneurship induced by government policies. The goal of wind power capacity expansion leads to construction (i.e., generation capacity) but little electricity. Examples of failures include low grid connectivity with, some years averaging 15% of generation capacity broken or unconnected to the grid. A key lesson for Europe is that forced innovation often amounts to little and that the old saying holds up: “no plan survives contact with reality.”

The book can be downloaded here.

Grafström, J. (2022). Less from more: China built wind power, but gained little electricity. Questioning the Entrepreneurial State, 219.

Details

Author
Grafström, J.
Publication year
2022
Published in

Questioning the Entrepreneurial State, 219.

Related

  • Ph.D. and vice CEO

    Jonas Grafström

    +46703475854jonas.grafstrom@ratio.se

Similar content

Article (with peer review)

Tech-entrepreneurs’ psychological contracts with their institutional environment: Insights from Sweden

Eib, C., & Weidenstedt, L.
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Publication year

2025

Published in

Economic and Industrial Democracy

Abstract

This qualitative interview study examines how high-tech entrepreneurs in Sweden (N = 11) perceive their contextual prerequisites and the expectations they hold towards their broader social and institutional environment. Findings from a thematic analysis reveal that participants have implicit expectations towards society and the state that are not being met, leading to frustrations, perceptions of unfairness, and cynicism. Through the lens of psychological contract theory, we demonstrate how the contextual framework shapes expectations and experiences of entrepreneurs, contributing to both psychological contract theory and to the contextualization of entrepreneurship.

Article (with peer review)

Barriers to circularity in the metals industry: an analytical framework of feedback and lock-in effects

Grafström, J., Poelzer, G., & Pettersson, J.
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Publication year

2025

Published in

Mineral Economics.

Abstract

The metals sector faces multiple and interconnected barriers to achieving circularity. This study examines steel, aluminum, and copper to illustrate how challenges vary between metals. While copper can often be recycled without quality loss, steel and aluminum face alloy-related limitations that drive downcycling and quality degradation. Using a matrix-based analytical framework, the study maps the interactions between economic, technological, institutional, and social constraints, distinguishing between primary drivers, secondary effects, feedback loops, and lock-in mechanisms. The results show strong reinforcing links between economic, technological, and institutional domains, with social factors playing a more indirect role. These findings align with observed industry patterns while adding a structured, quantitative perspective. By clarifying how different barriers combine and reinforce one another, the analysis identifies priority areas for intervention to advance metals recycling and support the transition toward a more circular economy.

Working paper

Working Paper No. 387 Time as a Structural Barrier for a Circular Economy

Jonas Grafström
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Publication year

2025

Published in

Ratio Working Paper Series.

Abstract

Circular economy debates often acknowledge material lifespans and delays, but time is usually treated as a contextual issue rather than a structural barrier. The contribution is to reframe circular economy transitions as intertemporal processes by treating time as an endogenous structural barrier. A framework is developed that classifies goods into short-, medium-, and long-lived categories, demonstrating how lagged inflows and valuation biases suppress aggregate circularity even when technology improves. By making temporal mechanisms explicit, the analysis explains why indicators remain stagnant despite policy and efficiency gains. The contribution is to introduce time as an endogenous barrier, integrating insights from environmental and resource economics into circular economy theory and showing how delayed substitution shapes both firm investment and policy outcomes.

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