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

PublikationBokkapitel
Entreprenörskap, Jonas Grafström, Patent, Policy, Vindkraft

Sammanfattning

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.

Detaljer

Författare

Grafström, J.

Publiceringsår

2022

Publicerat i

Questioning the Entrepreneurial State, 219.

Relaterat

Jonas Grafström
Filosofie doktor och vice VD

0703475854

jonas.grafstrom@ratio.se


Liknande innehåll

Working Paper No. 387 Time as a Structural Barrier for a Circular Economy
Working paperPublikation
Jonas Grafström
Ladda ner
Publiceringsår

2025

Publicerat i

Ratio Working Paper Series.

Sammanfattning

Debatter om cirkulär ekonomi erkänner ofta materiella livslängder och tidsfördröjningar, men tid behandlas vanligen som en kontextuell fråga snarare än ett strukturellt hinder. Bidraget här är att omformulera övergångar till en cirkulär ekonomi som intertemporala processer genom att behandla tid som ett endogent strukturellt hinder. En ram utvecklas som klassificerar varor i kort-, medel- och långlivade kategorier, och visar hur eftersläpande inflöden och värderingsbiaser dämpar den aggregerade cirkulariteten även när tekniken förbättras. Genom att göra tidsmässiga mekanismer explicita förklarar analysen varför indikatorer förblir stagnanta trots policyåtgärder och effektivitetsvinster. Bidraget är att introducera tid som ett endogent hinder, genom att integrera insikter från miljö- och resurs­ekonomi i teorin om cirkulär ekonomi och visa hur fördröjd substitution formar både företagsinvesteringar och policys utfall.

Working Paper No. 385 The workload paradox: Will AI reduce academic labor?
Working paperPublikation
Jonas Grafström
Ladda ner
Publiceringsår

2025

Publicerat i

Ratio Working Paper Series.

Sammanfattning

Artificial intelligence is reshaping academia, but instead of liberating scholars, AI might keep them running faster just to stay in place. This paper theoretically explores how AI increases institutional expectations rather than reducing workload. Using a formal workload model, the study examines how automation affects academic tasks, revealing that while AI streamlines some processes, it also creates new responsibilities in research, publishing, and administration. A case study illustrates how scholars experience rising pressures to verify AI-generated work, adapt to changing publication norms, and meet intensifying institutional demands. The findings suggest that AI’s role in academia is not one only of simplification, but acceleration—a race where efficiency gains are quickly absorbed, where the pursuit of academic excellence becomes ever more demanding, and where scholars must continuously push forward, not to advance, but merely to avoid falling behind.

Working Paper No. 384 Vertical industrial policy: principles, practice and potential
Working paperPublikation
Jonas Grafström
Ladda ner
Publiceringsår

2025

Publicerat i

Ratio Working Paper Series.

Sammanfattning

This report investigates the rationale, implementation challenges, and evolving global context of vertical industrial policy, with a particular focus on Sweden. Against the backdrop of recent global crises—including the 2008 financial crisis, the COVID-19 pandemic, and geopolitical disruptions following Russia’s invasion of Ukraine—the analysis explores how governments have re-evaluated the role of state intervention to bolster economic resilience and strategic autonomy. The report distinguishes between horizontal and vertical approaches, where vertical policy targets specific sectors or technologies considered critical for national development, such as green technology, semiconductors, and renewable energy. Drawing on economic theory and empirical evidence, the report outlines the key justifications for vertical industrial policy, including market failures, coordination problems, and the under-provision of public goods. It also addresses the limitations and risks associated with such policies, including information asymmetries, rent-seeking, and political capture. A central contribution is a decision-making framework designed to help policymakers assess when vertical industrial intervention may be justified and how it can be designed to minimize inefficiencies and unintended consequences. While the report takes a cautiously critical stance toward vertical industrial policy, it acknowledges its potential when implemented with clear objectives, regular evaluations, and institutional safeguards. The analysis highlights the need for a balanced and flexible approach, especially in the context of green transitions and geopolitical fragmentation.

Visa fler

Utvald publikation

Skill Requirements and Employment of Immigrants in Swedish Hospitality
Kazlou, A., & Wennberg, K.