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Consumo de electricidad y producto interior bruto: Relación dinámica y estabilidad/Electricity Consumption and GDP: Dynamic Relationship and Stability

Author

Listed:
  • DEL HOYO, JUAN

    () (Departamento de Análisis Económico: Economía Cuantitativa, UNIVERSIDAD AUTÓNOMA DE MADRID, ESPAÑA.)

  • LLORENTE, GUILLERMO

    () (Departamento de Análisis Económico: Economía Cuantitativa, UNIVERSIDAD AUTÓNOMA DE MADRID, ESPAÑA.)

  • RIVERO, CARLOS

    () (Departamento de Estadística e Investigación Operativa II, UNIVERSIDAD COMPLUTENSE DE MADRID, ESPAÑA.)

Abstract

Este trabajo estudia las relaciones dinámicas entre el consumo de electricidad y el Producto Interior Bruto en España. Utilizando la función de correlación cruzada se constata que el PIB causa al consumo de electricidad, con un efecto instantáneo (elasticidad) de 0.95 y un efecto a largo plazo de 0.42. Técnicas de remuestreo y contrastes de estabilidad endógenos permiten aceptar la significación de la relación estimada y no rechazan la hipótesis de estabilidad en el periodo considerado. This paper studies the dynamic relationships between energy consumption and GDP in Spain. The cross correlation function shows that the GDP causes the electricity consumption. The impact multiplier is 0.95 and the long run effect is 0.42. Bootstrap techniques and structural change test asses the significativeness and the stability along the considered sample of the estimated model.

Suggested Citation

  • Del Hoyo, Juan & Llorente, Guillermo & Rivero, Carlos, 2011. "Consumo de electricidad y producto interior bruto: Relación dinámica y estabilidad/Electricity Consumption and GDP: Dynamic Relationship and Stability," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 29, pages 473-492, Agosto.
  • Handle: RePEc:lrk:eeaart:29_2_4
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    References listed on IDEAS

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    More about this item

    Keywords

    Relación dinámica; remuestreo; cambio estructural. ; Dynamic Relationship; Bootstrap; Structural Change..;

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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