Efecto del consumo de energía y capital humano sobre el crecimiento económico: Análisis de cointegración y causalidad con datos de panel a nivel mundial

Autores/as

  • Estefanía Lara Carrera de Economía, Universidad Nacional de Loja, Loja, Ecuador
  • Karen Iñiguez Carrera de Economía, Universidad Nacional de Loja, Loja, Ecuador

Resumen

Los países optan por diferentes medidas que los direccione a una inversión eficientede capital humano y un consumo sostenible de energía eléctrica, esperando un efectopositivo en los niveles de crecimiento económico. La investigación evalúa dicho efecto anivel mundial. Las variables propuestas se tomaron de la base de datos de panel de Barroy Lee (2016) y del Banco Mundial (2017). Los resulatdos comprueban la existencia de unequilibrio a corto y largo plazo entre las variables a nivel mundial y por grupos de países.La fuerza del vector de cointegración es significativa en los países de ingresos medios bajos,bajos y extremadamente altos. Existe una causalidad unidireccional del consumo deenergía al crecimiento económico, en todos los grupos de países a excepción de los paísesde ingresos altos y extremadamente altos. La causalidad del capital humano al crecimientosolo existe en los países de ingresos bajos. Los gobiernos deben buscar e impulsar la implementaciónde nuevas fuentes de generación de energía y una inversión estratégica eneducación que garantice desarrollo de los países.

Citas

Adams, S., Klobodu, E. K. M., & Opoku, E. E. O. (2016). Energy consumption, political regime and economic growth in sub-Saharan Africa. Energy Policy, 96, 36–44.

Afzal, M., Rehman, H. U., Farooq, M. S., & Sarwar, K. (2011). Education and economic growth in Pakistan: A cointegration and causality analysis. International Journal of Educational Research, 50(5–6), 321–335.

Ahsan, H., & Haque, M. E. (2017). Threshold effects of human capital: Schooling and economic growth. Economics Letters, 156, 48–52.

Alshehry, A. S., & Belloumi, M. (2015). Energy consumption, carbon dioxide emissions and economic growth: The case of Saudi Arabia. Renewable and Sustainable Energy Reviews,

Antonakakis, N., Chatziantoniou, I., & Filis, G. (2017). Energy consumption, CO2emissions, and economic growth: An ethical dilemma. Renewable and Sustainable Energy Reviews, 68(September 2016), 808–824.

Appiah, M. O. (2018). Investigating the multivariate Granger causality between energy consumption, economic growth and CO2emissions in Ghana. Energy Policy, 112(October 2017), 198–208.

Arshad, S., & Munir, K. (2015). Factor Accumulation and Economic Growth in Pakistan: Incorporating Human Capital. Munich Personal RePEc Archive, (61160).

Asteriou, D., & Agiomirgianakis, G. . (2001). Human capital and economic growth. Journal of Policy Modeling, 23(5), 481–489.

Astorga, P. (2010). A century of economic growth in Latin America. Journal of Development Economics, 92(2), 232–243.

Atems, B., & Hotaling, C. (2018). The effect of renewable and nonrenewable electricity generation on economic growth. Energy Policy, 112(October 2017), 111–118.

Attanasio, O., Meghir, C., Nix, E., & Salvati, F. (2017). Human capital growth and poverty: Evidence from Ethiopia and Peru. Review of Economic Dynamics, 25, 234–259.

Azam, M., Khan, A. Q., Bakhtyar, B., & Emirullah, C. (2015). The causal relationship between energy consumption and economic growth in the ASEAN-5 countries. Renewable and Sustainable Energy Reviews, 47, 732–745.

Bakirtas, T., & Akpolat, A. G. (2018). The relationship between energy consumption, urbanization, and economic growth in new emerging-market countries. Energy, 147, 110–121.

Birchenall, J. A. (2001). Income distribution, human capital and economic growth in Colombia. Journal of Development Economics, 66(1), 271–287.

Breton, T. R. (2015). Human capital and growth in Japan: Converging to the steady state in a 1% world. Journal of the Japanese and International Economies, 36, 73–89.

Čadil, J., Petkovová, L., & Blatná, D. (2014). Human Capital, Economic Structure and Growth. Procedia Economics and Finance, 12(March), 85–92.

Castelló-Climent, A., & Hidalgo-Cabrillana, A. (2012). The role of educational quality and quantity in the process of economic development. Economics of Education Review, 31(4), 391–409.

Castex, G., & Kogan Dechter, E. (2014). The Changing Roles of Education and Ability in Wage Determination. Journal of Labor Economics, 32(4), 685–710.

Chen, Y., & Fang, Z. (2017). Industrial electricity consumption, human capital investment and economic growth in Chinese cities. Economic Modelling, (September), 1–15.

Cheng-Lang, Y., Lin, H. P., & Chang, C. H. (2010). Linear and nonlinear causality between sectoral electricity consumption and economic growth: Evidence from Taiwan. Energy Policy, 38(11), 6570–6573.

Choi, K.-H., & Shin, S. (2015). Population aging, economic growth, and the social transmission of human capital: An analysis with an overlapping generations model. Economic Modelling, 50, 138–147.

Conti, M., & Sulis, G. (2016). Human capital, employment protection and growth in Europe. Journal of Comparative Economics, 44(2), 213–230.

Davin, M., Gente, K., & Nourry, C. (2015). Should a country invest more in human or physical capital? Mathematical Social Sciences, 76, 44–52.

Delogu, M., Docquier, F., Machado, J., Beine, M., Bertoli, S., Chabé-Ferret, B., … Toulemonde, E. (2017). Globalizing labor and the world economy: the role of human capital *. Journal of Economic Growth, 1–42.

Dias, J., & Tebaldi, E. (2012). Institutions, human capital, and growth: The institutional mechanism. Structural Change and Economic Dynamics, 23(3), 300–312.

Dissou, Y., Didic, S., & Yakautsava, T. (2016). Government spending on education, human capital accumulation, and growth. Economic Modelling, 58, 9–21.

Eicher, T., García-Pẽalosa, C., & Ypersele, T. (2009). Education, corruption, and the distribution of income. Journal of Economic Growth, 14(3), 205–231.

Fadaee Khorasgani, M. (2008). Higher education development and economic growth in Iran. Education, Business and Society: Contemporary Middle Eastern Issues, 1(3), 162–174.

Fang, Z., & Chang, Y. (2016). Energy, human capital and economic growth in Asia Pacific countries - Evidence from a panel cointegration and causality analysis. Energy Economics, 56, 177–184.

Faria, H. J., Montesinos-yufa, H. M., Morales, D. R., & Carlos, E. (2016). Unbundling the roles of human capital and institutions in economic development. European Journal of Political Economy.

Fleisher, B., Li, H., & Zhao, M. Q. (2010). Human capital, economic growth, and regional inequality in China. Journal of Development Economics, 92(2), 215–231.

Freire-Serén, M. J., & Panadés i Martí, J. (2013). Tax avoidance, human capital accumulation and economic growth. Economic Modelling, 30(1), 22–29.

Gennaioli, N., La Porta, R., Lopez De Silanes, F., & Shleifer, A. (2014). Growth in regions. Journal of Economic Growth, 19(3), 259–309.

Gozgor, G., Lau, C. K. M., & Lu, Z. (2018). Energy consumption and economic growth: New evidence from the OECD countries. Energy, 153, 27–34.

Guarnizo, S., & Jumbo, F. (2019). Efecto del capital humano y crecimiento económico en el desempleo a nivel global y por grupos de países. Revista Vista Económica, 6(1), 49-62.

Hamdi, H., Sbia, R., & Shahbaz, M. (2014). The nexus between electricity consumption and economic growth in Bahrain. Economic Modelling, 38, 227–237.

Hanushek, E. A. (2013). Economic growth in developing countries: The role of human capital. Economics of Education Review, 37, 204–212.

Huggett, M., & Kaplan, G. (2016). How large is the stock component of human capital? Review of Economic Dynamics, 22, 21–51.

Judson, R. (1998). Economic Growth and Investment in Education: How Allocation Matters. Journal of Economic Growth, 3(4), 337–359.

Kahouli, B. (2018). The causality link between energy electricity consumption, CO2 emissions, R&D stocks and economic growth in Mediterranean countries (MCs). Energy, 145, 388–

Karanfil, F., & Li, Y. (2015). Electricity consumption and economic growth: Exploring panel-specific differences. Energy Policy, 82(1), 264–277.

Kemnitz, A., & Wigger, B. U. (2000). Growth and social security: the role of human capital. European Journal of Political Economy, 16(4), 673–683.

Kourtzidis, S. A., Tzeremes, P., & Tzeremes, N. G. (2018). Re-evaluating the energy consumption-economic growth nexus for the United States: An asymmetric threshold cointegration analysis. Energy, 148, 537–545.

Kristjanpoller R., W., Sierra C., A., & Scavia D., J. (2018). Dynamic co-movements between energy consumption and economic growth. A panel data and wavelet perspective. Energy

Kuhnen, C. M., & Oyer, P. (2016). Exploration for Human Capital: Evidence from the MBA Labor Market. Journal of Labor Economics, 34(S2), S255–S286.

Lin, B., & Liu, C. (2016). Why is electricity consumption inconsistent with economic growth in China? Energy Policy, 88, 310–316.

Mezghani, I., & Ben Haddad, H. (2017). Energy consumption and economic growth: An empirical study of the electricity consumption in Saudi Arabia. Renewable and Sustainable Energy Reviews, 75(October), 145–156.

Osman, M., Gachino, G., & Hoque, A. (2016). Electricity consumption and economic growth in the GCC countries: Panel data analysis. Energy Policy, 98, 318–327.

Ouyang, Y., & Li, P. (2018). On the nexus of financial development, economic growth, and energy consumption in China: New perspective from a GMM panel VAR approach. Energy Economics, 71, 238–252.

Pablo-Romero, M. del P., & Sánchez-Braza, A. (2015). Productive energy use and economic growth: Energy, physical and human capital relationships. Energy Economics, 49, 420–429.

Park, J. (2006). Dispersion of human capital and economic growth. Journal of Macroeconomics, 28(3), 520–539.

Prados de la Escosura, L., & Rosés, J. R. (2010). Human capital and economic growth in Spain, 1850-2000. Explorations in Economic History, 47(4), 520–532.

Qadri, F. S., & Waheed, A. (2014). Human capital and economic growth: A macroeconomic model for Pakistan. Economic Modelling, 42, 66–76.

Rafindadi, A. A., & Ozturk, I. (2016). Effects of financial development, economic growth and trade on electricity consumption: Evidence from post-Fukushima Japan. Renewable and Sustainable Energy Reviews, 54, 1073–1084.

Ramos, A., & Jumbo, B. (2018). Emisiones de C02, urbanización, consumo de energía eléctrica y capital humano, un análisis de cointegración para datos de panel a nivel mundial período 1986-2016. Revista Vista Económica, 5(1), 90-104.

Salahuddin, M., & Alam, K. (2016). Information and Communication Technology, electricity consumption and economic growth in OECD countries: A panel data analysis. International Journal of Electrical Power and Energy Systems, 76, 185–193.

Salim, R., Yao, Y., & Chen, G. S. (2017). Does human capital matter for energy consumption in China? Energy Economics, 67, 49–59.

Sarwar, S., Chen, W., & Waheed, R. (2017). Electricity consumption, oil price and economic growth: Global perspective. Renewable and Sustainable Energy Reviews, 76(February 2016), 9–18.

Schündeln, M., & Playforth, J. (2014). Private versus social returns to human capital: Education and economic growth in India. European Economic Review, 66, 266–283.

Shahbaz, M., Hoang, T. H. Van, Mahalik, M. K., & Roubaud, D. (2017). Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis. Energy Economics, 63, 199–212.

Shahbaz, M., Zakaria, M., Shahzad, S. J. H., & Mahalik, M. K. (2018). The energy consumption and economic growth nexus in top ten energy-consuming countries: Fresh evidence from using the quantile-on-quantile approach. Energy Economics, 71, 282–301.

Shao, S., & Yang, L. (2014). Natural resource dependence, human capital accumulation, and economic growth: A combined explanation for the resource curse and the resource blessing. Energy Policy, 74(C), 632–642.

Tang, C. F., Tan, B. W., & Ozturk, I. (2016). Energy consumption and economic growth in Vietnam. Renewable and Sustainable Energy Reviews, 54, 1506–1514.

Teixeira, A. A. C., & Queirós, A. S. S. (2016). Economic growth, human capital and structural change: A dynamic panel data analysis. Research Policy, 45(8), 1636–1648.

Tillaguango, B., & Loaiza, V. (2019). Efecto causal de la energía sustentable y no sustentable en el crecimiento económico: nueva evidencia empírica global por grupos de países. Revista Vista Económica, 6(1), 37-48.

Tugcu, C. T., & Topcu, M. (2018). Total, renewable and non-renewable energy consumption and economic growth: Revisiting the issue with an asymmetric point of view. Energy, 152, 64–

Tzeremes, N. G. (2014). The effect of human capital on countries’ economic efficiency. Economics Letters, 124(1), 127–131.

Wolde-Rufael, Y. (2014). Electricity consumption and economic growth in transition countries: A revisit using bootstrap panel Granger causality analysis. Energy Economics, 44, 325–330.

Zhang, C., & Zhuang, L. (2011). The composition of human capital and economic growth: Evidence from China using dynamic panel data analysis. China Economic Review, 22(1), 165–171.

Descargas

Publicado

2021-12-06

Número

Sección

ARTÍCULOS DE INVESTIGACIÓN