標題: | The causal relationship between energy resources and economic growth in Brazil |
作者: | Pao, Hsiao-Tien Fu, Hsin-Chia 管理科學系 Department of Management Science |
關鍵字: | Renewable;Nuclear;Granger causality |
公開日期: | 1-十月-2013 |
摘要: | This study investigates the causal relationship between clean and non-clean energy consumption and economic growth in Brazil over the period of 1980-2009. Clean energy consumption at aggregated level of total renewable energy consumption and disaggregated levels of hydroelectric, new renewables, and nuclear energy consumption are tested within a production function framework. A cointegration test reveals a long-term equilibrium relationship between real output, capital, labor, and renewable and non-renewable energy consumption at aggregated level, and a long-term equilibrium relationship between real output, capital, labor, and hydroelectric/new renewables/nuclear and fossil fuel energy consumption at disaggregated level. The capital, labor, and new renewables elasticities of real output are positive and statistically significant, other energy consumption item's elasticities are insignificant. The results from error correction model reveal the interdependencies between new renewables, nuclear, fossil fuel, and total non-renewable energy consumption and economic growth, the unidirectional causality from hydroelectric/total renewable consumption to economic growth, the substitutability between new renewables and fossil fuel consumption, and the substitutability between new renewables and nuclear energy consumption. Additionally, nuclear and new renewables energy consumption responds to bring the system back to equilibrium. Overall, aggregated analysis may obscure the relationship between different types of clean energy consumption and economic growth. (C) 2013 Elsevier Ltd. All rights reserved. |
URI: | http://dx.doi.org/10.1016/j.enpol.2013.06.113 http://hdl.handle.net/11536/23314 |
ISSN: | 0301-4215 |
DOI: | 10.1016/j.enpol.2013.06.113 |
期刊: | ENERGY POLICY |
Volume: | 61 |
Issue: | |
起始頁: | 793 |
結束頁: | 801 |
顯示於類別: | 期刊論文 |