Energy, development, and economic growth in Colombia
Purpose: The aim of this study is to describe the causal relationships between energy use, development, and productivity in Colombia. Design/Methodology/Approach: The study was conducted by application of several econometric techniques. The time-series methodology used in this is based on the Grange...
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Springer Verlag
2013
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| Acceso en línea: | https://repository.urosario.edu.co/handle/10336/22535 https://doi.org/10.1007/978-1-4471-5286-6_18 |
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ir-10336-225352022-05-02T12:37:20Z Energy, development, and economic growth in Colombia Martínez, Clara Inés Pardo Poveda, Alexander Cotte Carbon dioxide Developing countries Energy efficiency Energy utilization Productivity Design/methodology/approach Economic development Energy Granger causality test Gross domestic products Poverty Sustainable energy use Total energy consumption Economic analysis Economic development Energy Poverty Productivity Purpose: The aim of this study is to describe the causal relationships between energy use, development, and productivity in Colombia. Design/Methodology/Approach: The study was conducted by application of several econometric techniques. The time-series methodology used in this is based on the Granger causality test, which has been found appropriate by using the cointegration technique. Findings: This study shows that economic growth and development drive total energy consumption. The results regarding the relationship among energy, poverty, and inequality indicate that increases in gross domestic product and energy supply per capita contribute to decrease poverty. The results also confirm that access to modern energy services helps to decrease poverty. Moreover, the improvements in energy efficiency and decreases in CO2 emissions have contributed to development and growth. Practical Implications: The results of this study showed the importance of the formulation and adoption of good policies and strategies that encourage sustainable energy use to improve growth and development, especially in developing countries. Originality/Value: This chapter provides an empirical approach for finding the causal relationship between development, productivity, and energy consumption in Colombia. The methodology and the results used in this study could be used for exploring the importance of energy in the productivity and economic development. © Springer-Verlag London 2013. 2013 2020-05-25T23:56:50Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 21951292 21951284 https://repository.urosario.edu.co/handle/10336/22535 https://doi.org/10.1007/978-1-4471-5286-6_18 eng info:eu-repo/semantics/openAccess application/pdf Springer Verlag instname:Universidad del Rosario |
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EdocUR - Universidad del Rosario |
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DSpace |
| language |
Inglés (English) |
| topic |
Carbon dioxide Developing countries Energy efficiency Energy utilization Productivity Design/methodology/approach Economic development Energy Granger causality test Gross domestic products Poverty Sustainable energy use Total energy consumption Economic analysis Economic development Energy Poverty Productivity |
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Carbon dioxide Developing countries Energy efficiency Energy utilization Productivity Design/methodology/approach Economic development Energy Granger causality test Gross domestic products Poverty Sustainable energy use Total energy consumption Economic analysis Economic development Energy Poverty Productivity Martínez, Clara Inés Pardo Poveda, Alexander Cotte Energy, development, and economic growth in Colombia |
| description |
Purpose: The aim of this study is to describe the causal relationships between energy use, development, and productivity in Colombia. Design/Methodology/Approach: The study was conducted by application of several econometric techniques. The time-series methodology used in this is based on the Granger causality test, which has been found appropriate by using the cointegration technique. Findings: This study shows that economic growth and development drive total energy consumption. The results regarding the relationship among energy, poverty, and inequality indicate that increases in gross domestic product and energy supply per capita contribute to decrease poverty. The results also confirm that access to modern energy services helps to decrease poverty. Moreover, the improvements in energy efficiency and decreases in CO2 emissions have contributed to development and growth. Practical Implications: The results of this study showed the importance of the formulation and adoption of good policies and strategies that encourage sustainable energy use to improve growth and development, especially in developing countries. Originality/Value: This chapter provides an empirical approach for finding the causal relationship between development, productivity, and energy consumption in Colombia. The methodology and the results used in this study could be used for exploring the importance of energy in the productivity and economic development. © Springer-Verlag London 2013. |
| format |
Artículo (Article) |
| author |
Martínez, Clara Inés Pardo Poveda, Alexander Cotte |
| author_facet |
Martínez, Clara Inés Pardo Poveda, Alexander Cotte |
| author_sort |
Martínez, Clara Inés Pardo |
| title |
Energy, development, and economic growth in Colombia |
| title_short |
Energy, development, and economic growth in Colombia |
| title_full |
Energy, development, and economic growth in Colombia |
| title_fullStr |
Energy, development, and economic growth in Colombia |
| title_full_unstemmed |
Energy, development, and economic growth in Colombia |
| title_sort |
energy, development, and economic growth in colombia |
| publisher |
Springer Verlag |
| publishDate |
2013 |
| url |
https://repository.urosario.edu.co/handle/10336/22535 https://doi.org/10.1007/978-1-4471-5286-6_18 |
| _version_ |
1740172505442680832 |
| score |
12,131701 |