Regional spillover effects of renewable energy generation in Italy

Natalia Magnani () and Andrea Vaona
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Natalia Magnani: University of Trento, Dipartimento di Sociologia e Ricerca Sociale

No 12/2011, Working Papers from University of Verona, Department of Economics

Abstract: In a multivariate setting, we document that renewable energy generation has a positive impact on economic growth at the regional level in Italy. We do so by adopting panel data unit-root and cointegration tests as well as Granger non-causality tests relying on the system GMM estimator. Our results are interpreted in three ways. Renewable energy generation alleviates balance-of-payments constraints and reduces the exposure of a regional economy to the volatility of the price of fossil fuels and to negative environmental and health externalities deriving from non-renewable energy generation. Therefore, our evidence supports policies promoting renewable energy generation.

Keywords: renewable energy generation; economic growth; panel unit root and cointegration tests; Granger causality; Italy; panel error correction model; regions. (search for similar items in EconPapers)
JEL-codes: N70 O13 O18 Q42 Q43 R11 (search for similar items in EconPapers)
Pages: 19
Date: 2011-08
New Economics Papers: this item is included in nep-ene, nep-env, nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Journal Article: Regional spillover effects of renewable energy generation in Italy (2013)
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