The aim of this work is to examine the long run relationship between TFP (total factor productivity) and energy consumption in Italy from 1996 to 2008 at a regional level. Differently from previous studies, TFP is employed as a measure of economic growth and therefore of technological change. Dynamic Panel estimation technique is used to investigate whether a connection between TFP and energy use exists and its direction. Results show a bi-directional causality for the Italian regions implying that those regions characterized by a higher TFP would invest more in research rather than in energy intensive activities, improving in that way the use of scarce resources and favoring a sustainable growth. © 2014 Elsevier Ltd. All rights reserved.
Is there any relationship between energy and TFP (total factor productivity)? A panel cointegration approach for Italian regions / Ladu, Maria Gabriela; Meleddu, Marta. - In: ENERGY. - ISSN 0360-5442. - 75:SI(2014), pp. 560-567. [10.1016/j.energy.2014.08.018]
Is there any relationship between energy and TFP (total factor productivity)? A panel cointegration approach for Italian regions
LADU, Maria Gabriela;MELEDDU, Marta
2014-01-01
Abstract
The aim of this work is to examine the long run relationship between TFP (total factor productivity) and energy consumption in Italy from 1996 to 2008 at a regional level. Differently from previous studies, TFP is employed as a measure of economic growth and therefore of technological change. Dynamic Panel estimation technique is used to investigate whether a connection between TFP and energy use exists and its direction. Results show a bi-directional causality for the Italian regions implying that those regions characterized by a higher TFP would invest more in research rather than in energy intensive activities, improving in that way the use of scarce resources and favoring a sustainable growth. © 2014 Elsevier Ltd. All rights reserved.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
