Artículo
Productive electricity and non-electricity consumption effects on economic growth: A Latin America analysis
Autor/es | Pablo-Romero Gil-Delgado, María del Populo
Pozo Barajas, Rafael del Washburn, Christian |
Departamento | Universidad de Sevilla. Departamento de Análisis Económico y Economía Política Universidad de Sevilla. Departamento de Economía Financiera y Dirección de Operaciones |
Fecha de publicación | 2024 |
Fecha de depósito | 2024-09-17 |
Publicado en |
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Resumen | Electrification is a key pillar in energy transformation to reduce emissions. However, it may also have consequences
on production. This study analyzes the effect of using electricity and non-electricity energy sources ... Electrification is a key pillar in energy transformation to reduce emissions. However, it may also have consequences on production. This study analyzes the effect of using electricity and non-electricity energy sources on production growth. An extended neoclassical production function, with the two uses of energy (electricity and non-electricity), is estimated for 17 Latin American countries from 1990 to 2019 and, for subsamples, based on the level of production per persons employed. The study is performed applying the cross-sectionally augmented, autoregressive distributed lag modeling approach and a non-parametric time-varying coefficients model. The parametric results indicate that the effect of both sources of energy on production are positive and significant. However, the production elasticity with respect to non-electricity consumption is higher than that with respect to electricity consumption. Only in countries with the lowest production levels could electrification be neutral. The non-parametric results show that the effect of non-electricity consumption is decreasing slightly over the period, while the effect of electricity use is increasing slightly, with a tendency towards stabilization at the end of the period. Nevertheless, these changes have been small. |
Cita | Pablo-Romero Gil-Delgado, M.d.P., Pozo Barajas, R.d. y Washburn, C. (2024). Productive electricity and non-electricity consumption effects on economic growth: A Latin America analysis. Energy, 305, 132281. https://doi.org/10.1016/j.energy.2024.132281. |
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