EconPapers    
Economics at your fingertips  
 

The Relationship between Energy Consumption and GDP: Evidence from a Panel of 10 Latin American Countries

Jacobo Campo Robledo () and Viviana Sarmiento Guzmán ()

Latin American Journal of Economics-formerly Cuadernos de Economía, 2013, vol. 50, issue 2, 233-255

Abstract: We estimate the elasticity of the long-run relationship between energy consumption and GDP for 10 countries in Latin America from 1971 to 2007. We employ Pedroni’s (1999, 2004) panel cointegration test to determine if such a long-run relationship exists. Westerlund’s (2006) cointegration test for panel data is used to estimate the slopes of the long-run relationship variables. These findings provide empirical guidance for policies to promote energy conservation and ef ficiency. Cointegration between the two variables is found to exist in both directions. This paper discusses the energy dependence of some countries and describes potential implementation of energy conservation policies in others.

Keywords: Energy consumption; panel stationarity; panel cointegration; Latin America (search for similar items in EconPapers)
JEL-codes: C32 O40 Q43 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed

Downloads: (external link)
http://www.economia.uc.cl/docs/107764_laje_502233.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ioe:cuadec:v:50:y:2013:i:2:p:233-255

Ordering information: This journal article can be ordered from

Access Statistics for this article

Latin American Journal of Economics-formerly Cuadernos de Economía is currently edited by Raimundo Soto

More articles in Latin American Journal of Economics-formerly Cuadernos de Economía from Instituto de Economía. Pontificia Universidad Católica de Chile. Contact information at EDIRC.
Bibliographic data for series maintained by Jaime Casassus ().

 
Page updated 2021-10-10
Handle: RePEc:ioe:cuadec:v:50:y:2013:i:2:p:233-255