Electricy production and Spanish growth. A long term perspective
DOI:
https://doi.org/10.1344/rhi.v25i65.21233Keywords:
electricity production, economic growth, Spain, cointegration, causalityAbstract
The electricity sector has been key in the industrialization process. Hence, the analysis of the relationship between electricity production and growth becomes an interesting field of research, highlighted in the historiography but with contradictory empirical results. In this paper, using a cointegration model for short time series, we examine the causal relationship between electricity and the Spanish GDP during the period 1945-2011 and we conclude that electricity production boosted GDP growth and not the other way round. Disaggregating by sources of generation, it is concluded that both the electricity obtained from renewable sources and nuclear power led to economic growth; this economic growth, however, led to the production of electricity in conventional power plants. Consequently, policies that promote renewable or nuclear power can raise Spanish economic growth.Downloads
Download data is not yet available.
Downloads
How to Cite
Sanz Villarroya, Isabel, and Jaime Sanaú. 2016. “Electricy Production and Spanish Growth. A Long Term Perspective”. Revista De Historia Industrial — Industrial History Review 25 (65):111-50. https://doi.org/10.1344/rhi.v25i65.21233.
Issue
Section
Articles
License
The author assigns all rights to the publisher. Creative Commons
The author who publishes in this journal agrees to the following terms:
- The author assigns all intellectual property rights exclusively to the publisher for the entire duration of the applicable intellectual property rights.
- The publisher will distribute the texts under the Creative Commons Attribution License, which allows others to share the work, provided that they acknowledge the authorship, its initial publication in this journal, and the conditions of the license.
