Importance of Energy Self-Sufficiency: Direct and Indirect Impacts on Growth

 

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Autor: Recalde, Marina Yesica
Médium: artículo original
Stav:Versión publicada
Datum vydání:2011
Popis: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.
Země:Portal de Revistas UCR
Instituce:Universidad de Costa Rica
Repositorio:Portal de Revistas UCR
Jazyk:Español
OAI Identifier:oai:portal.revistas.ucr.ac.cr:article/6012
On-line přístup:https://revistas.ucr.ac.cr/index.php/reconomicas/article/view/6012
Klíčové slovo: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