The Relationship between Nuclear Energy Consumption and Economic Growth: Evidence from Switzerland

Environmental Research Letters, 15, 2020, DOI: 10.1088/1748-9326/abadcd, ISSN: 1748-9326

Posted: 18 Feb 2021

See all articles by Cosimo Magazzino

Cosimo Magazzino

University of Rome III; Royal Economic Society; Italian Economic Association

Marco Mele

Luspio University - School of Political Sciences

Nicolas Schneider

Centre d'Économie de la Sorbonne (CES) - Center of Economics of the Sorbonne (CES); University of Paris 1 Pantheon-Sorbonne, Centre d'Economie de la Sorbonne (CES), Students

Guillaume Vallet

Independent

Date Written: 2020

Abstract

This study aims to investigate the relationship between nuclear energy consumption and economic growth in Switzerland over the period 1970–2018. We use data on capital, labour, and exports within a multivariate framework. Starting from the consideration that Switzerland has decided to phase out nuclear energy by 2034, we examine the effect of this structural economic-energy change in the country. To do so, two distinct estimation tools are performed. The first model, using a time-series approach, analyze the relationship between bivariate and multivariate causality. The second, using a Machine Learning methodology, test the results of the econometric modelling through an Artificial Neural Networks process. This last empirical procedure represents our original contribution with respect to the previous energy-GDP papers. The results, in the logarithmic propagation of neural networks, suggest a careful analysis of the process that will lead to the abandonment of nuclear energy in Switzerland to avoid adverse effects on economic growth.

Keywords: nuclear energy consumption; GDP; employment; capital stock; time-series; artificial neural networks

Suggested Citation

Magazzino, Cosimo and Mele, Marco and Schneider, Nicolas and Vallet, Guillaume, The Relationship between Nuclear Energy Consumption and Economic Growth: Evidence from Switzerland (2020). Environmental Research Letters, 15, 2020, DOI: 10.1088/1748-9326/abadcd, ISSN: 1748-9326, Available at SSRN: https://ssrn.com/abstract=3745051

Cosimo Magazzino (Contact Author)

University of Rome III ( email )

Via Ostiense 139
Rome, RM 00154
Italy

HOME PAGE: http://scienzepolitiche.uniroma3.it/cmagazzino/

Royal Economic Society ( email )

London
United Kingdom

Italian Economic Association ( email )

Piazzale Martelli, 8
Ancona, AN 60121
Italy

HOME PAGE: http://www.siecon.org/online/en/

Marco Mele

Luspio University - School of Political Sciences ( email )

Rome
Italy

Nicolas Schneider

Centre d'Économie de la Sorbonne (CES) - Center of Economics of the Sorbonne (CES) ( email )

106-112 bd de l'Hôpital
Paris, 75642
France

University of Paris 1 Pantheon-Sorbonne, Centre d'Economie de la Sorbonne (CES), Students ( email )

106-112 Boulevard de l'hopital
Paris Cedex 13
France

Guillaume Vallet

Independent ( email )

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