Economics and energy: analysis of energy efficiency and the role of renewable energies

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Published: Oct 11, 2024
DOI: https://doi.org/10.21676/23897848.5616
Keywords:
management of technological innovation of R+D, alternative energy, energy and macroeconomics, technological change

Main Article Content

Juan David Cruz Negrete
Magdalena University
https://orcid.org/0000-0002-8390-7737
Yamileth Andrade-Arango
Manizales University
https://orcid.org/0000-0002-7890-788X
Andrea Vaca-López
Manizales University
https://orcid.org/0000-0002-4352-6681

Abstract

The purpose of this research is to analyze the relationship between Gross Domestic Product (gdp), Research and Development (r+d) expenditure, energy intensity, and renewable energy consumption in 37 countries of the Organization for Economic Cooperation and Development (oecd) between 2012 and 2020. The jamovi statistical tool was used, through the techniques of Principal Component Analysis—PCA—, K-mean Clustering, correlation matrix, among others. It is concluded that there are two components: energy intensity and consumption of renewables, and on the other hand gdp and r+d expenditure, so an adequate relationship between economic growth and energy efficiency is not detected; likewise, two clusters were generated, on the one hand, Iceland, and the other cluster confirmed by the remaining 36 countries, highlighting the United States. In the combination of components and clusters, countries such as Iceland, the United States, Scandinavian countries, Canada, New Zealand, the United Kingdom, Costa Rica, Colombia, Chile, among others, stand out.

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How to Cite
Cruz Negrete, J. D., Andrade-Arango, Y., & Vaca-López, A. (2024). Economics and energy: analysis of energy efficiency and the role of renewable energies. Clío América, 18(36). https://doi.org/10.21676/23897848.5616
Issue
Vol. 18 No. 36 (2024): july- december 2024 November 29, 2024
Section
Article of scientific and technological research
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This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

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Author Biographies

Juan David Cruz Negrete, Magdalena University

PhD.

Yamileth Andrade-Arango, Manizales University

PhD.

Andrea Vaca-López, Manizales University

PhD.

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