Publication:
Economic Growth, Energy Intensity and the Energy Mix

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorDíaz, Antonia
dc.contributor.authorMarrero, Gustavo
dc.contributor.authorPuch, Luis A.
dc.contributor.authorRodríguez, Jesús
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economíaes
dc.contributor.funderMinisterio de Economía y Competitividad (España)es
dc.date.accessioned2019-06-06T13:54:05Z
dc.date.available2019-06-06T13:54:05Z
dc.date.issued2019-03-22
dc.description.abstractThis 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).es
dc.description.sponsorshipThe authors acknowledge the financial support from the Ministerio de Economía y Competitividad (Spain) under project ECO2016‐76818. Rodríguez also acknowledges Junta de Andalucía, project SEJ‐ 1512. Authors also acknowledge coments from two anonimous referees.es
dc.identifier.issn2340-5031es
dc.identifier.urihttps://hdl.handle.net/10016/28461
dc.identifier.uxxiDT/0000001712es
dc.language.isoenges
dc.relation.ispartofseriesWorking paper. Economicses
dc.relation.ispartofseries19-10es
dc.relation.projectIDGobierno de España. ECO2016‐76818es
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.jelC23es
dc.subject.jelO5es
dc.subject.jelQ2es
dc.subject.jelQ43es
dc.subject.otherGrowthes
dc.subject.otherEnergy Intensityes
dc.subject.otherRenewableses
dc.subject.otherDynamic Panel Data Modelses
dc.titleEconomic Growth, Energy Intensity and the Energy Mixes
dc.typeworking paper*
dc.type.hasVersionAO*
dspace.entity.typePublication
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