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Relación consumo de energía y PIB: evidencia desde un panel cointegrado de 10 países de América Latina entre 1971 - 2007
[Energy consumption and GDP relationship: evidence from a panel cointegration of ten Latin America Countries between 1971 - 2007]

Author

Listed:
  • Campo Robledo, Jacobo
  • Sarmiento Guzmán, Viviana

Abstract

In this paper estimates the long-term relationship in the relationship Energy Consumption - GDP and GDP - Energy Consumption for 10 Latin America countries during the period 1971 to 2007. Through Cointegration test of Westerlund (2006) for panel data, which takes into account the possible dependence between countries (Cross-Section) and any existing structural breaks in long-run relationship, we calculate the elasticities, both individual and regional level. Above, to provide empirical evidence on the ability to design and implement policies those promote energy conservation. Cointegration is found to exist in both directions, energy consumption to GDP, and GDP to energy consumption. It shows the energy dependence of some countries, as well as the possibility of implementing energy conservation in others.

Suggested Citation

  • Campo Robledo, Jacobo & Sarmiento Guzmán, Viviana, 2011. "Relación consumo de energía y PIB: evidencia desde un panel cointegrado de 10 países de América Latina entre 1971 - 2007
    [Energy consumption and GDP relationship: evidence from a panel cointegratio
    ," MPRA Paper 31772, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:31772
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    File URL: https://mpra.ub.uni-muenchen.de/31772/2/MPRA_paper_31772.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Consumo de Energía; Estacionariedad en Panel; Cointegración Panel; América Latina.;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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