Physical Capital Development and Energy Transition in Latin America and the Caribbean introduces the reader to applied theory and potential solutions to manage the transition from fossil energies to renewables given the resource wealth and infrastructural limitations of Latin American and Caribbean (LAC) countries. The work presents consistent empirical approaches and relevant econometric approaches grounded in case studies that offer realistic portrayals of complex multidisciplinary phenomena. It provides policymakers with the knowledge needed for economic decision-making, especially regarding the energy transition and the physical capital development in the LAC (and similar developing regions). The work concludes by road mapping future LAC physical capital investment options to promote 21st-century sustainable energy development.
- Analyses the macroeconomics of physical capital and energy transition in LAC countries
- Uses case studies to draw pragmatic comparative energy policy implications
- Deploys econometric techniques to address empirical approaches on energy and development economics
- Discusses the effects of the energy transition on environmental degradation
- Links energy economics and public investment management
Introduction |
|
vii | |
|
1 A brief history of physical capital in Latin America and the Caribbean since the 1970s |
|
|
|
|
1 | (1) |
|
1.2 Latin America and the Caribbean Physical Capital in the 1970s |
|
|
2 | (3) |
|
1.3 Latin America and the Caribbean physical capital in the 1980s |
|
|
5 | (3) |
|
1.4 Latin America and the Caribbean physical capital in the 1990s |
|
|
8 | (3) |
|
1.5 Latin America and the Caribbean physical capital in the new millennium |
|
|
11 | (3) |
|
|
14 | (5) |
|
|
16 | (3) |
|
2 The relationship between public capital stock, private capital stock, and economic growth in the Latin American and Caribbean countries: A matter of complementarity |
|
|
|
|
19 | (1) |
|
2.2 Public capital stock and economic growth |
|
|
19 | (3) |
|
2.3 Public capital stock, private capital stock, and economic growth in Latin America and the Caribbean |
|
|
22 | (6) |
|
|
28 | (9) |
|
|
30 | (5) |
|
|
35 | (2) |
|
3 Concentration hurts: Exploring the effects of capital stock on Latin American and Caribbean income inequality |
|
|
|
|
37 | (1) |
|
3.2 Public capital stock and income inequality |
|
|
38 | (2) |
|
3.3 Public capital stock, private capital stock, and income inequality in Latin America and the Caribbean |
|
|
40 | (10) |
|
|
50 | (17) |
|
|
53 | (11) |
|
|
64 | (3) |
|
4 The downward trend in the energy intensity of Latin America and the Caribbean: Is the region's physical capital contributing to this tendency? |
|
|
|
|
67 | (1) |
|
4.2 Physical capital and energy intensity |
|
|
68 | (2) |
|
4.3 Public capital stock, private capital stock, and energy intensity in LAC |
|
|
70 | (10) |
|
|
80 | (15) |
|
|
82 | (9) |
|
|
91 | (4) |
|
5 Energy transition in the Latin America region: Initiatives and challenges |
|
|
|
|
95 | (6) |
|
5.2 Energy transition initiatives in Latin America and the Caribbean region |
|
|
101 | (7) |
|
5.3 Energy transition challenges in Latin America and the Caribbean |
|
|
108 | (5) |
|
5.4 Uruguayan energy transition--A success case |
|
|
113 | (4) |
|
|
114 | (1) |
|
|
115 | (2) |
|
6 The role of public, private, and public-private partnership capital stock on the expansion of renewable energy investment in Latin America and the Caribbean region |
|
|
|
|
117 | (6) |
|
|
123 | (4) |
|
6.3 Empirical results and discussion |
|
|
127 | (6) |
|
|
133 | (6) |
|
|
134 | (2) |
|
|
136 | (3) |
|
7 The effect of energy transition on economic growth and consumption of nonrenewable energy sources in countries of Latin America and the Caribbean |
|
|
|
|
139 | (1) |
|
|
140 | (3) |
|
|
143 | (2) |
|
|
145 | (3) |
|
|
148 | (1) |
|
7.6 Conclusions and policy implications |
|
|
149 | (8) |
|
|
150 | (3) |
|
|
153 | (4) |
|
8 The consequences of energy transition on environmental degradation of Latin America and the Caribbean |
|
|
|
|
157 | (2) |
|
|
159 | (3) |
|
8.3 Empirical results and discussion |
|
|
162 | (8) |
|
|
170 | (4) |
|
|
174 | (11) |
|
|
175 | (8) |
|
|
183 | (2) |
|
9 The capacity of energy transition to decrease deaths from air pollution: Empirical evidence from Latin America and the Caribbean countries |
|
|
|
|
185 | (5) |
|
9.2 Methodological approach and data |
|
|
190 | (3) |
|
9.3 Results and discussion |
|
|
193 | (6) |
|
9.4 Conclusions and policy implications |
|
|
199 | (8) |
|
|
200 | (3) |
|
|
203 | (4) |
Conclusion |
|
207 | (14) |
Index |
|
221 | |
José Alberto Fuinhas, PhD (in Economics) is a professor of Applied Energy Economics, and Intermediate Econometrics at the Faculty of Economics, University of Coimbra (Portugal). He is a researcher in the areas of macroeconomics, energy economics, and environmental economics, at the CeBER - Centre for Business and Economics Research, sponsored by the Portuguese Foundation for the Development of Science and Technology. He has published in international journals, such as Energy, Economic Modelling; Energy Policy; Energy Economics; Renewable and Sustainable Energy Reviews; Applied Energy; Environmental Science and Policy; Environmental Resources and Economics, and Energy Sources Part B: Economics, Planning, and Policy. Matheus Koengkan is a PhD in Economics by the University of Évora. He is a researcher in the areas of Energy and Environmental Economics at Faculty of Economics, University of Coimbra, Coimbra (Portugal). He has published in international journals, such as Energy; Environmental Economics and Policy Studies; GeoJournal; Environmental Science and Pollution Research; and Environment Systems and Decisions. Renato Santiago is a Masters (in Economics) from the University of Beira Interior in 2017. He is a researcher in the areas of sustainable and inclusive development. He has published in international journals, such as Economic Change and Restructuring; Journal of Cleaner Production; and Environmental Economics and Policy Studies.