Importance of Energy Self-Sufficiency: Direct and Indirect Impacts on Growth
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| Autore: | |
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| Natura: | artículo original |
| Status: | Versión publicada |
| Data di pubblicazione: | 2011 |
| Descrizione: | This paper presents a theoretical approach to the direct implications—given the biophysical limits of the economy—and the indirect implications, through the impact on the trade balance, of the lack of local supply. The current situation of the Argentine energy system is analyzed as a case study, highlighting the existence of both limitations as a result of the decline in the degree of energy self-sufficiency and the growing demand for imports of energy resources. The results of the analysis show that the lack of local supply will require increasing energy imports to sustain economic growth, particularly in the case of developing countries such as Argentina. This situation places pressure on the balance of payments, as predicted by Thirlwall’s Law, which becomes even more significant considering the structure of local imports and exports. The conclusions highlight the importance of energy policy aimed at achieving national energy self-sufficiency. |
| Stato: | Portal de Revistas UCR |
| Istituzione: | Universidad de Costa Rica |
| Repositorio: | Portal de Revistas UCR |
| Lingua: | Español |
| OAI Identifier: | oai:portal.revistas.ucr.ac.cr:article/6012 |
| Accesso online: | https://revistas.ucr.ac.cr/index.php/reconomicas/article/view/6012 |
| Keyword: | Autoabastecimiento energético crecimiento económico balanza de pagos importaciones energéticas política energética Código JEL Q43 Q41 O44 F43 E01 Energy self-sufficiency economic growth balance of payments energy imports energy policy JEL code Q44 |