The Impact of Energy, Renewable and Emissions Efficiency on Countries’ Productivity

Pasquale Foresti; Konstantinos  Kounetas; Oreste  Napolitano; Nicola  Spagnolo

The Impact of Energy, Renewable and Emissions Efficiency on Countries’ Productivity

Pasquale Foresti, Konstantinos Kounetas, Oreste Napolitano, Nicola Spagnolo

Research output: Contribution to journal › Article › peer-review

Abstract

In this article, we investigate the combined impact of energy, renewable and CO2 efficiency on countries’ overall productive performance. To this aim, we employ a global-level dataset of 124 countries for the period 1990-2014. The main takeaways of our research are the following. Overall, our analysis supports the idea that incentivizing energy efficient practices should result in more efficient productive processes and economic growth. However, thanks to the combined use of Directional Distance Function, Cluster analysis and Hansen threshold techniques, we 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.

Original language	English
Journal	Energy Economics
Volume	125
Publication status	Published - 29 Jun 2023

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https://www.sciencedirect.com/science/article/abs/pii/S0140988323002931

Cite this

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title = "The Impact of Energy, Renewable and Emissions Efficiency on Countries{\textquoteright} Productivity",

abstract = "In this article, we investigate the combined impact of energy, renewable and CO2 efficiency on countries{\textquoteright} overall productive performance. To this aim, we employ a global-level dataset of 124 countries for the period 1990-2014. The main takeaways of our research are the following. Overall, our analysis supports the idea that incentivizing energy efficient practices should result in more efficient productive processes and economic growth. However, thanks to the combined use of Directional Distance Function, Cluster analysis and Hansen threshold techniques, we 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.",

author = "Pasquale Foresti and Konstantinos Kounetas and Oreste Napolitano and Nicola Spagnolo",

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journal = "Energy Economics",

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AU - Foresti, Pasquale

AU - Kounetas, Konstantinos

AU - Napolitano, Oreste

AU - Spagnolo, Nicola

N1 - Article Granted a R&R with minor revision - Revision due in February

PY - 2023/6/29

Y1 - 2023/6/29

N2 - In this article, we investigate the combined impact of energy, renewable and CO2 efficiency on countries’ overall productive performance. To this aim, we employ a global-level dataset of 124 countries for the period 1990-2014. The main takeaways of our research are the following. Overall, our analysis supports the idea that incentivizing energy efficient practices should result in more efficient productive processes and economic growth. However, thanks to the combined use of Directional Distance Function, Cluster analysis and Hansen threshold techniques, we 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.

AB - In this article, we investigate the combined impact of energy, renewable and CO2 efficiency on countries’ overall productive performance. To this aim, we employ a global-level dataset of 124 countries for the period 1990-2014. The main takeaways of our research are the following. Overall, our analysis supports the idea that incentivizing energy efficient practices should result in more efficient productive processes and economic growth. However, thanks to the combined use of Directional Distance Function, Cluster analysis and Hansen threshold techniques, we 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.

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JO - Energy Economics

JF - Energy Economics

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