The relationship between nuclear energy consumption and economic growth: evidence from Switzerland

Cosimo Magazzino (cosimo.magazzino@uniroma3.it), Marco Mele, Nicolas Schneider and Guillaume Vallet (guillaume.vallet@univ-grenoble-alpes.fr)
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Marco Mele: UniTE - Università degli Studi di Teramo
Guillaume Vallet: CREG - Centre de recherche en économie de Grenoble - UGA - Université Grenoble Alpes

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Abstract: This study aims to investigate the relationship between nuclear energy consumption and economicgrowth in Switzerland over the period 1970–2018. We use data on capital, labour, and exportswithin a multivariate framework. Starting from the consideration that Switzerland has decided tophase out nuclear energy by 2034, we examine the effect of this structural economic-energy changein the country. To do so, two distinct estimation tools are performed. The first model, using atime-series approach, analyze the relationship between bivariate and multivariate causality. Thesecond, using a Machine Learning methodology, test the results of the econometric modellingthrough an Artificial Neural Networks process. This last empirical procedure represents ouroriginal contribution with respect to the previous energy-GDP papers. The results, in thelogarithmic propagation of neural networks, suggest a careful analysis of the process that will leadto the abandonment of nuclear energy in Switzerland to avoid adverse effects on economic growth.

Keywords: nuclear energy consumption; GDP; employment; capital stock; time-series; artificial neural networks (search for similar items in EconPapers)
Date: 2020-09-01
New Economics Papers: this item is included in nep-big, nep-cmp and nep-ene
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02951860v1
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Citations: View citations in EconPapers (14)

Published in Environmental Research Letters, 2020, 15 (9), 10 p. ⟨10.1088/1748-9326/abadcd⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02951860

DOI: 10.1088/1748-9326/abadcd

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