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Examining the link between energy consumption, carbon dioxide emission, and economic growth in Latin America and the Caribbean

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  • Al-mulali, Usama
  • Lee, Janice YM
  • Hakim Mohammed, Abdul
  • Sheau-Ting, Low

Abstract

This study aims at exploring the bi-directional long run relationship between energy consumption, Carbon Dioxide emission, and economic growth in the Latin American and Caribbean countries. The Canonical Cointegrating Regression (CCR) is used to achieve the goal of this study taking the period of 1980–2008. The study arrived at different results. While 60% of the countries have a positive bi-directional long run relationship between energy consumption, Carbon Dioxide emission, and economic growth, the others have mixed results. The results of the study motivated the researcher to recommend that these countries should increase their energy efficiency, increase the share of green energy from their total energy use, and increase energy conservation in order to reduce unnecessary waste of energy.

Suggested Citation

  • Al-mulali, Usama & Lee, Janice YM & Hakim Mohammed, Abdul & Sheau-Ting, Low, 2013. "Examining the link between energy consumption, carbon dioxide emission, and economic growth in Latin America and the Caribbean," Renewable and Sustainable Energy Reviews, Elsevier, vol. 26(C), pages 42-48.
  • Handle: RePEc:eee:rensus:v:26:y:2013:i:c:p:42-48
    DOI: 10.1016/j.rser.2013.05.041
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    4. Al Mamun, Md. & Sohag, Kazi & Hannan Mia, Md. Abdul & Salah Uddin, Gazi & Ozturk, Ilhan, 2014. "Regional differences in the dynamic linkage between CO2 emissions, sectoral output and economic growth," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 1-11.
    5. Malik, Ihtisham Abdul & Siyal, Ghamz-e-Ali & Bin Abdullah, Alias & Alam, Arif & Zaman, Khalid & Kyophilavong, Phouphet & Shahbaz, Muhammad & Baloch, Siraj Ullah & Shams, Tauqeer, 2014. "Turn on the lights: Macroeconomic factors affecting renewable energy in Pakistan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 277-284.
    6. repec:eee:rensus:v:74:y:2017:i:c:p:299-315 is not listed on IDEAS
    7. Tiba, Sofien & Omri, Anis, 2017. "Literature survey on the relationships between energy, environment and economic growth," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 1129-1146.
    8. Azadeh, A. & Babazadeh, R. & Asadzadeh, S.M., 2013. "Optimum estimation and forecasting of renewable energy consumption by artificial neural networks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 27(C), pages 605-612.
    9. Kefan Wang & Bangzhu Zhu & Ping Wang & Yi-Ming Wei, 2016. "Examining the links among economic growth, energy consumption, and CO2 emission with linear and nonlinear causality tests," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 81(2), pages 1147-1159, March.
    10. Wang, Shaojian & Fang, Chuanglin & Guan, Xingliang & Pang, Bo & Ma, Haitao, 2014. "Urbanisation, energy consumption, and carbon dioxide emissions in China: A panel data analysis of China’s provinces," Applied Energy, Elsevier, vol. 136(C), pages 738-749.

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