The Relationship between Renewable Energy and Economic Growth in a Time of Covid-19: A Machine Learning Experiment on the Brazilian Economy
Reads0
Chats0
TLDR
In this paper, the authors examined the relationship between renewable energy consumption and economic growth in Brazil, in the Covid-19 pandemic, using an Artificial Neural Networks (ANNs) experiment in Machine Learning, and tried to verify if a more intensive use of renewable energy could generate a positive GDP acceleration in Brazil.Abstract:
This paper examines the relationship between renewable energy consumption and economic growth in Brazil, in the Covid-19 pandemic. Using an Artificial Neural Networks (ANNs) experiment in Machine Learning, we tried to verify if a more intensive use of renewable energy could generate a positive GDP acceleration in Brazil. This acceleration could offset the harmful effects of the Covid-19 global pandemic. Empirical findings show that an ever-greater use of renewable energies may sustain the economic growth process. In fact, through a model of ANNs, we highlighted how an increasing consumption of renewable energies triggers an acceleration of the GDP compared to other energy variables considered in the model.read more
Citations
More filters
Journal ArticleDOI
The role of renewable energy and natural resources for sustainable agriculture in ASEAN countries: Do carbon emissions and deforestation affect agriculture productivity?
Ritika Chopra,Cosimo Magazzino,Muhammad Ibrahim Shah,Gagan Deep Sharma,Amar Rao,Umer Shahzad +5 more
TL;DR: In this article , the authors examine how agricultural productivity is affected by carbon emissions, deforestation, renewable energy consumption, natural resources, and regional integration for the ten Association of Southeast Asian Nations (ASEAN) countries.
Journal ArticleDOI
Does renewable energy electricity and economic complexity index help to achieve carbon neutrality target of top exporting countries
TL;DR: In this article, the authors explored the impact of economic complexity index (ECI) and renewable energy electricity (RELC) on consumption-based carbon emissions in the presences of exports, imports, and gross domestic product (GDP) in the top exporting countries from 1990 to 2019.
Journal ArticleDOI
Natural resources and economic performance: Evaluating the role of political risk and renewable energy consumption
TL;DR: In this article , the authors examined panel data for the Group of Seven economies from 1990 to 2020 and explored the influence of renewable energy consumption, political risk index, and gross capital formation on economic performance.
Journal ArticleDOI
Renewable energy consumption, environmental degradation and economic growth: the greener the richer?
Pierluigi Toma,Inna Perheentupa +1 more
TL;DR: In this paper , the relationship among GDP, CO2 emissions, and renewable energy use has been investigated, starting from a systematic review that has noticed the presence of three clusters focused on: CO 2 emissions, GDP, and energy consumption.
Journal ArticleDOI
Does export product diversification spur energy demand in the APEC region? Application of a new neural networks experiment and a Decision Tree model
TL;DR: In this paper , the causal links among export diversification, per capita income, and energy demand for 20 Asia-Pacific Economic Cooperation (APEC) countries were investigated by using sequential Artificial Neural Networks.
References
More filters
Journal ArticleDOI
A literature survey on energy–growth nexus
TL;DR: A survey of the recent progress in the literature of energy consumption and economic growth causality nexus can be found in this paper, which highlights that most empirical studies focus on either testing the role of energy (electricity) in stimulating economic growth or examining the direction of causality between these two variables.
Journal ArticleDOI
The effect of renewable energy consumption on economic growth: Evidence from top 38 countries
TL;DR: In this article, the authors investigate the effects of renewable energy consumption on the economic growth of major renewable energy consuming countries in the world and conclude that renewable energy investment has a significant positive impact on economic output for 57% of the selected countries.
Journal ArticleDOI
CO2 emissions, nuclear energy, renewable energy and economic growth in the US
Kojo Menyah,Yemane Wolde-Rufael +1 more
TL;DR: In this article, the causal relationship between carbon dioxide emissions, renewable and nuclear energy consumption and real GDP for the US for the period 1960-2007 was explored, using a modified version of the Granger causality test.
Journal ArticleDOI
Renewable energy consumption and income in emerging economies
TL;DR: In this article, the authors present and estimate two empirical models of renewable energy consumption and income for a panel of emerging economies, and show that increases in real per capita income have a positive and statistically significant impact on per capita renewable energy usage.