The interactions between renewable energy consumption and economic growth in the Mercosur countries
The relationship between the consumption of renewable energy, economic growth, and globalisation is investigated. Data for five Mercosur countries in the period between 1980 and 2014 and the PVAR methodology are used. The estimated model and the results of a Granger causality Wald test indicate that...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2020-07-01
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| Series: | International Journal of Sustainable Energy |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/14786451.2020.1732978 |
| _version_ | 1797680329643786240 |
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| author | Matheus Koengkan José Alberto Fuinhas |
| author_facet | Matheus Koengkan José Alberto Fuinhas |
| author_sort | Matheus Koengkan |
| collection | DOAJ |
| description | The relationship between the consumption of renewable energy, economic growth, and globalisation is investigated. Data for five Mercosur countries in the period between 1980 and 2014 and the PVAR methodology are used. The estimated model and the results of a Granger causality Wald test indicate that a bidirectional relationship exists between the consumption of energy (from both renewable and fossil sources) and economic growth, and suggest that the assessed countries’ economic growth is dependent on fossil fuels. There is also evidence of substitutability in the consumption of energy from renewable and fossil sources in periods of drought, and that the process of globalisation has a positive indirect influence on the Mercosur countries’ consumption of renewable energy. |
| first_indexed | 2024-03-11T23:28:24Z |
| format | Article |
| id | doaj.art-f96075238f6349b79c8d6a4656e1b158 |
| institution | Directory Open Access Journal |
| issn | 1478-6451 1478-646X |
| language | English |
| last_indexed | 2024-03-11T23:28:24Z |
| publishDate | 2020-07-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | International Journal of Sustainable Energy |
| spelling | doaj.art-f96075238f6349b79c8d6a4656e1b1582023-09-20T10:33:46ZengTaylor & Francis GroupInternational Journal of Sustainable Energy1478-64511478-646X2020-07-0139659461410.1080/14786451.2020.17329781732978The interactions between renewable energy consumption and economic growth in the Mercosur countriesMatheus Koengkan0José Alberto Fuinhas1Federal Fluminense UniversityUniversity of CoimbraThe relationship between the consumption of renewable energy, economic growth, and globalisation is investigated. Data for five Mercosur countries in the period between 1980 and 2014 and the PVAR methodology are used. The estimated model and the results of a Granger causality Wald test indicate that a bidirectional relationship exists between the consumption of energy (from both renewable and fossil sources) and economic growth, and suggest that the assessed countries’ economic growth is dependent on fossil fuels. There is also evidence of substitutability in the consumption of energy from renewable and fossil sources in periods of drought, and that the process of globalisation has a positive indirect influence on the Mercosur countries’ consumption of renewable energy.http://dx.doi.org/10.1080/14786451.2020.1732978energy economicsenergyeconomic growtheconometricsrenewable energy |
| spellingShingle | Matheus Koengkan José Alberto Fuinhas The interactions between renewable energy consumption and economic growth in the Mercosur countries International Journal of Sustainable Energy energy economics energy economic growth econometrics renewable energy |
| title | The interactions between renewable energy consumption and economic growth in the Mercosur countries |
| title_full | The interactions between renewable energy consumption and economic growth in the Mercosur countries |
| title_fullStr | The interactions between renewable energy consumption and economic growth in the Mercosur countries |
| title_full_unstemmed | The interactions between renewable energy consumption and economic growth in the Mercosur countries |
| title_short | The interactions between renewable energy consumption and economic growth in the Mercosur countries |
| title_sort | interactions between renewable energy consumption and economic growth in the mercosur countries |
| topic | energy economics energy economic growth econometrics renewable energy |
| url | http://dx.doi.org/10.1080/14786451.2020.1732978 |
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