Economic Growth, Energy Intensity and the Energy Mix

Gustavo Marrero, Jesús Rodríguez-López () and Luis Puch
Authors registered in the RePEc Author Service: Antonia Díaz

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

Abstract: 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 to 2010. 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 current state 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) is also positively correlated with growth. Our results are robust to the specification of the dynamic panel with respect 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).

Keywords: Growth; Energy; Intensity; Renewables; Dynamic; Panel; Data; Models (search for similar items in EconPapers)
JEL-codes: C23 O5 Q2 Q43 (search for similar items in EconPapers)
Date: 2019-03-22
New Economics Papers: this item is included in nep-ene, nep-gro and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (47)

Downloads: (external link)
https://e-archivo.uc3m.es/rest/api/core/bitstreams ... 2e4a25619ca0/content (application/pdf)

Related works:
Journal Article: Economic growth, energy intensity and the energy mix (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:28461

Access Statistics for this paper

More papers in UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía
Bibliographic data for series maintained by Ana Poveda ().