THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND GDP: EVIDENCE FROM A PANEL OF 10 LATIN AMERICAN COUNTRIES

We estimate the elasticity of the long-run relationship between energy consumption and GDP for 10 countries in Latin America from 1971 to 2007. We employ Pedroni's (1999, 2004) panel cointegration test to determine if such a long-run relationship exists. Westerlund's (2006) cointegration t...

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Autores principales: CAMPO,JACOBO, SARMIENTO,VIVIANA
Lenguaje:English
Publicado: Pontificia Universidad Católica de Chile. Instituto de Economía. 2013
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Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000200004
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spelling oai:scielo:S0719-043320130002000042014-01-29THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND GDP: EVIDENCE FROM A PANEL OF 10 LATIN AMERICAN COUNTRIESCAMPO,JACOBOSARMIENTO,VIVIANA energy consumption panel stationarity panel cointegration Latin America We estimate the elasticity of the long-run relationship between energy consumption and GDP for 10 countries in Latin America from 1971 to 2007. We employ Pedroni's (1999, 2004) panel cointegration test to determine if such a long-run relationship exists. Westerlund's (2006) cointegration test for panel data is used to estimate the slopes of the long-run relationship variables. These findings provide empirical guidance for policies to promote energy conservation and efficiency. Cointegration between the two variables is found to exist in both directions. This paper discusses the energy dependence of some countries and describes potential implementation of energy conservation policies in others.info:eu-repo/semantics/openAccessPontificia Universidad Católica de Chile. Instituto de Economía.Latin american journal of economics v.50 n.2 20132013-11-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000200004en
institution Scielo Chile
collection Scielo Chile
language English
topic energy consumption
panel stationarity
panel cointegration
Latin America
spellingShingle energy consumption
panel stationarity
panel cointegration
Latin America
CAMPO,JACOBO
SARMIENTO,VIVIANA
THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND GDP: EVIDENCE FROM A PANEL OF 10 LATIN AMERICAN COUNTRIES
description We estimate the elasticity of the long-run relationship between energy consumption and GDP for 10 countries in Latin America from 1971 to 2007. We employ Pedroni's (1999, 2004) panel cointegration test to determine if such a long-run relationship exists. Westerlund's (2006) cointegration test for panel data is used to estimate the slopes of the long-run relationship variables. These findings provide empirical guidance for policies to promote energy conservation and efficiency. Cointegration between the two variables is found to exist in both directions. This paper discusses the energy dependence of some countries and describes potential implementation of energy conservation policies in others.
author CAMPO,JACOBO
SARMIENTO,VIVIANA
author_facet CAMPO,JACOBO
SARMIENTO,VIVIANA
author_sort CAMPO,JACOBO
title THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND GDP: EVIDENCE FROM A PANEL OF 10 LATIN AMERICAN COUNTRIES
title_short THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND GDP: EVIDENCE FROM A PANEL OF 10 LATIN AMERICAN COUNTRIES
title_full THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND GDP: EVIDENCE FROM A PANEL OF 10 LATIN AMERICAN COUNTRIES
title_fullStr THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND GDP: EVIDENCE FROM A PANEL OF 10 LATIN AMERICAN COUNTRIES
title_full_unstemmed THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND GDP: EVIDENCE FROM A PANEL OF 10 LATIN AMERICAN COUNTRIES
title_sort relationship between energy consumption and gdp: evidence from a panel of 10 latin american countries
publisher Pontificia Universidad Católica de Chile. Instituto de Economía.
publishDate 2013
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-04332013000200004
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