Energy consumption and projected growth in selected Caribbean countries

Francis, B.; Moseley, L. L.; Iyare, Sunday Osaretin

doi:10.1016/j.eneco.2007.01.009

Cited by 63 publications

(25 citation statements)

References 19 publications

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“…The reason for this distribution is that we assumed 10 Available at: energia.mecon.gov.ar 11 Economically active population by industry and by occupation (rate). Available at: http://www.indec.gov.ar/ 12 Statistics of working hours -Hours of work, by economic activity (Per week).…”

Section: Data Used In the Analysismentioning

confidence: 99%

“…As in the energy intensity analysis, energy data has been obtained from the Energy Balances of the Secretaría de Energía de la Nación 1990-2007 10 . For the demographic data we used national statistics from the Instituto Nacional de Estadísticas y Censos (INDEC) 11 and International Labor Organization (ILO) -LABORSTA 12 . Regarding monetary data we used statistics from United Nations Statistics Division 13 .…”

Section: Data Used In the Analysismentioning

confidence: 99%

“…The link between energy consumption and economic growth, as well as the relevance of energy flows for economic development, has been widely studied in the economic literature from both theoretical and empirical standpoints [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17]. Understanding this relationship is particularly important from both environmental and socio-economic viewpoints, as energy consumption is crucial to economic development and human environmental impact.…”

Section: Introductionmentioning

confidence: 99%

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Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

Recalde

Ramos-Martín

2012

Energy

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The link between energy consumption and economic growth has been widely studied in the economic literature. Understanding this relationship is important from both an environmental and a socio-economic point of view, as energy consumption is crucial to economic activity and human environmental impact. This relevance is even higher for developing countries, since energy consumption per unit of output varies through the phases of development, increasing from an agricultural stage to an industrial one and then decreasing for certain service based economies.In the Argentinean case, the relevance of energy consumption to economic development seems to be particularly important. While energy intensity seems to exhibit a U-Shaped curve from 1990 to 2003 decreasing slightly after that year, total energy consumption increases along the period of analysis. Why does this happen? How can we relate this result with the sustainability debate? All these questions are very important due to Argentinean hydrocarbons dependence and due to the recent reduction in oil and natural gas reserves, which can lead to a lack of security of supply.In this paper we study Argentinean energy consumption pattern for the period 1990-2007, to discuss current and future energy and economic sustainability. To this purpose, we developed a conventional analysis, studying energy intensity, and a non conventional analysis, using the Multi-Scale Integrated Analysis of Societal and Ecosystem Metabolism (MuSIASEM) accounting methodology. Both methodologies show that the development process followed by Argentina has not been good enough to assure sustainability in the long term. Instead of improving energy use, energy intensity has increased. The current composition of its energy mix, and the recent economic crisis in Argentina, as well as its development path, are some of the possible explanations.

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Section: Data Used In the Analysismentioning

confidence: 99%

Section: Data Used In the Analysismentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

Recalde

Ramos-Martín

2012

Energy

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“…Este resultado se condice con lo esperado, puesto que, desde el punto de vista de los incentivos privados a la inversión, una economía con altas tasas de crecimiento y elevados niveles de ganancia para el sector en cuestión genera expectativas positivas a la inversión en el sector. Más aún, tal como reafi rman diferentes estudios empíricos, existe una alta interrelación y causalidad entre el consumo de energía y el crecimiento económico (Asafu-Adjaye, 2000; Oh y Lee, 2004;Lee, 2005;Soytas y Sari, 2003;Francis et al, 2007;Zachariadis, 2007;Lee y Chang, 2007;Sari y Soytas, 2007;Narayan y Smyth, 2009), aspecto que convierte la tasa de crecimiento esperado de la economía en una buena proxy de la tasa de crecimiento esperada de la demanda.…”

Section: Resultados Obtenidosunclassified

Determinantes de la inversión en exploración de hidrocarburos: un análisis del caso argentino

Recalde

2011

Cuadernos de Economía

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“…It provides electricity for various industries which help with production in the economy and in turn generate economic growth. According to previous studies, energy consumption has a favourable effect on economic growth in many countries [1,2,3]. Energy has been identified as an important input in the production process and some authors have argued for its inclusion in the production function alongside other factors of production such as land, labour and capital [4,5,6], while other authors see energy as enhancing the productivity of other factors of production [7].…”

Section: Introductionmentioning

confidence: 99%

Causal relationship between nuclear energy consumption and economic growth in G6 countries: Evidence from panel Granger causality tests

Chang

Gatwabuyege

Gupta

et al. 2014

Progress in Nuclear Energy

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Abstract:Looking at the recent nuclear accident in Fukushima, Japan, the consequences were not just environmental or economic. The accident was a big hit to the reputation and trust in nuclear power generation making a number of countries reconsider the nuclear energy as an option.The recent financial crisis might have limited even more the developed countries from the necessary capital to invest in expensive power options but this might change in the future if the positive environmental effects of the nuclear power can be proven substantial. The purpose of this paper is to analyse the causal link between nuclear energy consumption and economic growth for six developed countries over the period from 1971 to 2011.Granger causality procedure based on Meta-analysis in heterogeneous mixed panels is used to allow for cross-sectional dependency and heterogeneity across countries. The empirical findings for the overall panel support the presence of unidirectional causality running from economic growth to nuclear energy consumption across the G-6 countries. However, in the case of UK we find a bidirectional causality running from nuclear energy consumption to economic growth; while the results for Germany confirm the growth hypothesis and for the rest of the countries the neutrality hypothesis.

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Energy consumption and projected growth in selected Caribbean countries

Cited by 63 publications

References 19 publications

Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

Determinantes de la inversión en exploración de hidrocarburos: un análisis del caso argentino

Causal relationship between nuclear energy consumption and economic growth in G6 countries: Evidence from panel Granger causality tests

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