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Toward sustainable electricity consumption in Brazil: the role of economic growth, globalization and ecological footprint using a nonlinear ARDL approach.
- Source :
-
Journal of Environmental Planning & Management . May2021, Vol. 64 Issue 5, p905-929. 25p. 8 Charts, 2 Graphs. - Publication Year :
- 2021
-
Abstract
- This study investigates nonlinear effects of economic growth, globalization and ecological footprint on sustainable electricity consumption in Brazil using monthly time-series data from 1971M:01 to 2014M:12 and a nonlinear ARDL model. The results show that the effects of economic growth, globalization and ecological footprint on electricity consumption are asymmetric. A positive shock to economic growth increases electricity consumption more than a negative shock of the same magnitude causes electricity consumption to decline. In the case of globalization, the effect of a negative shock is stronger. Furthermore, the long-term effects of positive and negative shocks to the ecological footprint are negative but statistically significant only in the case of a positive shock while in the short term, the increasing effect of a positive shock to the ecological footprint is stronger than the reducing effect of a negative shock of the same magnitude. These findings are validated when globalization is disaggregated to economic, political and social dimensions. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09640568
- Volume :
- 64
- Issue :
- 5
- Database :
- Academic Search Index
- Journal :
- Journal of Environmental Planning & Management
- Publication Type :
- Academic Journal
- Accession number :
- 148883131
- Full Text :
- https://doi.org/10.1080/09640568.2020.1791058