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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. 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.
    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.
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    More about this item

    Keywords

    Renewable Energy Consumption; Economic Growth; Causality; Mexico;
    All these keywords.

    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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