Energy, Emissions, Renewable Efficiency and Countries' Productive Performance. Is There Any Link?

36 Pages Posted: 30 Dec 2021

See all articles by Konstantinos Elias Kounetas

Konstantinos Elias Kounetas

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Oreste Napolitano

University of Naples "Parthenope" - Department of Business and Economics

Pasquale Foresti

London School of Economics & Political Science (LSE)

Nicola Spagnolo

Brunel University London - Economics and Finance

Date Written: December 29, 2021

Abstract

This article provides a first step towards understanding the combined impact of energy, renewable and CO2 efficiency on countries’ overall productive performance. To this aim we employ a global-level data-set of 124 countries for the period 1990-2014. Overall, our analysis supports the idea that incentivizing energy efficient practices should result in more efficient productive processes and, as a consequence, in further economic growth. However, our results evidence strong heterogeneity across different groups of countries. As a consequence, we argue that the international environmental reforms agenda should not follow a one size fits all approach and, especially in relation to less developed economies, it should go hand in hand with other kinds of
reforms.

Keywords: Technological heterogeneity, Metafrontier, Energy efficiency, Hansen threshold methodology

JEL Classification: D24, O13, O47, Q40

Suggested Citation

Kounetas, Konstantinos Elias and Napolitano, Oreste and Foresti, Pasquale and Spagnolo, Nicola, Energy, Emissions, Renewable Efficiency and Countries' Productive Performance. Is There Any Link? (December 29, 2021). Available at SSRN: https://ssrn.com/abstract=3996015 or http://dx.doi.org/10.2139/ssrn.3996015

Oreste Napolitano

University of Naples "Parthenope" - Department of Business and Economics ( email )

Italy

Pasquale Foresti

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

Nicola Spagnolo

Brunel University London - Economics and Finance ( email )

Uxbridge UB8 3PH
United Kingdom

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