Global energy demand increases overtime, especially in emerging market economies, producing potential negative environmental impacts, particularly on the long term, on nature and climate changes. Promoting renewables is a robust policy action in world energy-based economies. This study examines if an increase in renewables production has a positive effect on the Brazilian economy, partially offsetting the SARS-CoV2 outbreak recession. Using data on Brazilian economy, we test the contribution of renewables on the economy via a ML architecture (through a LSTM model). Empirical findings show that an ever-greater use of renewables may sustain the economic growth recovery, generating a better performing GDP acceleration vs. other energy variables.
Mele, M., Gurrieri, A.R., Morelli, G., & Magazzino, C. (2021). Nature and Climate Change Effects on Economic Growth: An LSTM Experiment on Renewable Energy Resources. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL [10.1007/s11356-021-13337-3].
Titolo: | Nature and Climate Change Effects on Economic Growth: An LSTM Experiment on Renewable Energy Resources | |
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Data di pubblicazione: | 2021 | |
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Citazione: | Mele, M., Gurrieri, A.R., Morelli, G., & Magazzino, C. (2021). Nature and Climate Change Effects on Economic Growth: An LSTM Experiment on Renewable Energy Resources. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL [10.1007/s11356-021-13337-3]. | |
Handle: | http://hdl.handle.net/11590/385822 | |
Appare nelle tipologie: | 1.1 Articolo in rivista |
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