Economic growth and transport energy consumption in the Latin American and Caribbean countries
F. Rehermann and
Energy Policy, 2018, vol. 122, issue C, 518-527
Transport is a strategic sector for economic development whilst being one of the most polluting sectors of the economy. The Latin American and Caribbean countries have been consolidated as the region with significantly faster energy consumption growth. This paper analyzes how the GDP per capita affects the transport energy consumption, testing possible non-linear relationships between variables. A transport energy consumption function depending on GDP and its squared and cubed value is estimated for 22 LAC countries, over the period 1990–2014. The results support an N-shaped curve, while the elasticity values of transport energy consumption, with respect to GDP per capita, do not show a tendency to decrease in the long term. Fourteen LAC countries show absolute coupling levels at the end of the period, while the rest exhibit partial couplings. Likewise, trade openness, population density, degree of urbanization and structural changes in the economy have positive effects on the transport energy consumption. This paper proposes some energy efficiency measures to control the growing energy use, and the promotion of biofuels and electric vehicles is also considered necessary to reduce the negative effects of transport energy use.
Keywords: Environmental Kuznets curve; Economic growth; Panel data; Transport; Latin America and the Caribbean; Energy (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:122:y:2018:i:c:p:518-527
Access Statistics for this article
Energy Policy is currently edited by N. France
More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().