On the Stock Market-Electricity Sector Nexus in Latin America: A Dynamic Panel Data Model

Al Aali-Bujari, Francisco Venegas-Mart Nez and Roberto J. Santill n-Salgado
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Al Aali-Bujari: Universidad Aut noma de Estado de Hidalgo, Escuela Superior de Apan. M xico
Francisco Venegas-Mart Nez: Instituto Polit cnico Nacional, Escuela Superior de Econom a, M xico,
Roberto J. Santill n-Salgado: Instituto Tecnol gico y de Estudios Superiores de Monterrey, EGADE Business School. Mexico.
Authors registered in the RePEc Author Service: Francisco Venegas-Martínez and Roberto Joaquín Santillán-Salgado ()

International Journal of Energy Economics and Policy, 2018, vol. 8, issue 6, 148-154

Abstract: The aim of this paper is to assess the impact of the stock market on the consumption of electric power in the major economies of Latin America during the period 1995-2014. To do this, a dynamic panel data model is estimated through the generalized method of moments. The main empirical finding is that electric power consumption is positively affected by the stock market indices of Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, and Costa Rica.

Keywords: s Electricity consumption; stock markets; dynamic panel data. (search for similar items in EconPapers)
JEL-codes: C33 G10 G15 Q40 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2018-06-18

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