Semantic Scholar Open Access 2019 299 sitasi

Human capital and energy consumption: Evidence from OECD countries

Yao Yao Kris Ivanovski J. Inekwe R. Smyth

Abstrak

Abstract We examine the effect of human capital on energy consumption for a panel of OECD economies over the period 1965–2014. Our preferred results, which account for cross-sectional dependence and structural breaks, suggest that a one standard deviation increase in human capital reduces aggregate energy consumption by 15.36%. When we distinguish between clean and dirty energy consumption, we find that human capital generates significant positive externalities for the environment. Specifically, we find that a one standard deviation increase in human capital is associated with a 17.33% decrease in dirty energy consumption and an 85.54% increase in clean energy consumption. Our findings reinforce the social benefits of investing in human capital and suggest a promising avenue for energy conservation without impeding economic growth.

Topik & Kata Kunci

Economics

Penulis (4)

Yao Yao

Kris Ivanovski

J. Inekwe

R. Smyth

Format Sitasi

APA MLA BibTeX

Yao, Y., Ivanovski, K., Inekwe, J., Smyth, R. (2019). Human capital and energy consumption: Evidence from OECD countries. https://doi.org/10.1016/j.eneco.2019.104534

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Informasi Jurnal

Tahun Terbit: 2019
Bahasa: en
Total Sitasi: 299×
Sumber Database: Semantic Scholar
DOI: 10.1016/j.eneco.2019.104534
Akses: Open Access ✓