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Renewable Energy Consumption: the Effects on Economic Growth in Mexico

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  • Marco Mele

    (Department of Political Sciences, University of Teramo, Italy)

Abstract

This study will demonstrate, through an econometric approach, the renewable energy consumption-economic growth effects in Mexico over the period 1990-2017. After a premise where we describe the situation of energy demand and consumption in Mexico and a summary of the economic literature, we have applied various econometric tests. Results about unit root tests describe a situation with all variables that aren t stationary except that in first differences. The Toda and Yamamoto approach is very important in our analysis: it highlights the existence of a unidirectional causal flow, running from renewable energy consumption to aggregate income. This situation respects the theory and hypothesis of economic growth.

Suggested Citation

  • Marco Mele, 2019. "Renewable Energy Consumption: the Effects on Economic Growth in Mexico," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 269-273.
    • Handle: RePEc:eco:journ2:2019-03-30
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    References listed on IDEAS

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    Cited by:

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    2. Farid, Saqib & Zafar, Quratulain, 2024. "Impact of economic policy uncertainty on global carbon emissions," Research in Economics, Elsevier, vol. 78(2).
    3. Tenaw, Dagmawe, 2022. "Do traditional energy dependence, income, and education matter in the dynamic linkage between clean energy transition and economic growth in sub-Saharan Africa?," Renewable Energy, Elsevier, vol. 193(C), pages 204-213.
    4. Torres-Brito, David Israel & Cruz-Aké, Salvador & Venegas-Martínez, Francisco, 2023. "Impacto de los contaminantes por gases de efecto invernadero en el crecimiento económico en 86 países (1990-2019): Sobre la curva inversa de Kuznets [Impact of the Effect of Greenhouse Gas Pollutan," MPRA Paper 119031, University Library of Munich, Germany.
    5. Abdoulganiour Almame Tinta & Salifou Ouedraogo & Noel Thiombiano, 2021. "Nexus between economic growth, financial development, and energy consumption in Sub‐Saharan African countries: A dynamic approach," Natural Resources Forum, Blackwell Publishing, vol. 45(4), pages 366-379, November.

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    Keywords

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    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • N54 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: 1913-
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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