2018 - Franco Angeli
Articolo
Versione Digitale
Download | Copia/incolla | Stampa
The relationship among renewable energy, economic growth, labor and capital formation in Italy
35-48 p.
- This study investigates the nexus between renewable energy consumption and economic growth in Italy in the 1970-2007 years. The unit root tests results point out that our four variables are integrated of order one. Cointegration analysis reach contradictory results. However, the long-run estimations reveal that, if renewable energy consumption increases by 1%, real GDP decreases by 0.23%. The Toda and Yamamoto approach shows that exists a unidirectional causal flow, running from renewable energy consumption to aggregate income, in line with the "growth hypothesis". Moreover, these results are confirmed by Granger causality tests. While forecasts applications set out that VAR forecasts represent an improvement on simpler forecasts in more than half the comparisons, for each variable. In fact, VAR gives more accurate forecasts, over-performing the mean, RW, and AR methods. [Publishers' text].
-
Informazioni
Codice DOI: 10.3280/RISS2018-001005
ISSN: 2239-1959
PAROLE CHIAVE
- Renewable energy consumption, GDP, time series, Italy
-
Nello stesso fascicolo
- Editorial
- Insights and Suggestions : the unsustainability of current global society's development model : origins and solutions
- Sustainable Development of the Region : the Spatial Dimension
- Environmental Protection in Italian regions : North-Centre vs. South?
- The relationship among renewable energy, economic growth, labor and capital formation in Italy
- On sustainability and its perceptions : Presenting the results of the first national survey on Sustainable Development Goals and its understandingietnamese youth
- From a concept to implementation of food chain within the Circular Economy paradigm : the case of Poland
- The circular economy : a broader perspective for rural areas
- Models of farms management and organization in social agriculture
- Production of bioplastics for agricultural purposes : a supply chain study
- Innovation strategies geared toward the circular economy : a case study of the organic olive-oil industry
- Food waste due to over-nutrition in the Italians' dietary habits
- Food waste : a survey about consumers and their attitudes
- Quantification of agricultural plastic waste for the determination of territorial indexes
- Importance and territorial diversification of marketplace trade in Poland