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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Auteurs principaux:	CAMPO,JACOBO, SARMIENTO,VIVIANA
Langue:	English
Publié:	Pontificia Universidad Católica de Chile. Instituto de Economía. 2013
Sujets:	energy consumption panel stationarity panel cointegration Latin America
Accès en ligne:	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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THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND GDP: EVIDENCE FROM A PANEL OF 10 LATIN AMERICAN COUNTRIES

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