RT infio:eu-repo/semantics/article
T1 Economic growth, energy intensity and the energy mix.
A1 Marrero Díaz, Gustavo Alberto
A1 Díaz, Antonia
A1 Puch, Luis A.
A1 Rodríguez, Jesús
K1 Growth
K1 Energy intensity
K1 Renewables
AB This paper explores how changes in energy intensity and the switch to renewables can boost economic growth.To do so, we implement a dynamic panel data approach on a sample of 134 countries over the period 1960 to2010. We incorporate a set of control variables, related to human and physical capital, socio-economic conditions,policies and institutions, which have been widely used in the literature on economic growth. Given the currentstate of technology, improving energy intensity is growth enhancing at the worldwide level. Moreover, conditional to energy intensity, moving from fossil fuels to frontier renewables (wind, solar, wave or geothermic) isalso positively correlated with growth. Our results are robust to the specification of the dynamic panel withrespect to alternative approaches (pooled OLS, within group or system GMM), and to alternative specifications(accounting for heterogeneity across countries, a set of institutional factors, and other technical aspects).
SN 0140-9883
YR 2019
FD 2019
LK http://riull.ull.es/xmlui/handle/915/34945
UL http://riull.ull.es/xmlui/handle/915/34945
LA en
DS Repositorio institucional de la Universidad de La Laguna
RD 19-nov-2024