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Ordinary and Special Regimes of electricity generation in Spain: How they interact with economic activity. Empirically, the paper focuses on the analysis of interactions between electricity generation in Spain under both the Special Regime SR and the Ordinary Regime OR , and their relationship with economic activity. Data for Spain is studied for a time span from January to January The Toda-Yamamoto causality test is carried out to check for causality relationships. Additionally, both short- and long-run effects are assessed by using the ARDL bounds test approach.
Overall, the results reveal high internal consistency when comparing the ARDL results with the causality analysis.
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The substitution effect was detected between OR and SR. However, the negative effect of the SR on economic activity deserves special attention by energy policymakers. This paper argues that the main challenge of renewable sources for policymakers is their cost-effectiveness.
The PECI proved to be a fruitful tool for integration and social cohesion, especially taking into account the context of the economic crisis and the intense growth of migration inflow that characterized this period of implementation. Subject: Immigration ; Integration ; Integration policies ; Spain. Type of Access: openAccess. Login Register.