The Energy-Economic Growth Nexus in Latin American and Caribbean Countries: A New Approach with the Globalisation Index

Matheus Koengkan () and José Alberto Fuinhas ()
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Matheus Koengkan: University of Aveiro

Chapter Chapter 5 in Globalisation and Energy Transition in Latin America and the Caribbean, 2022, pp 101-135 from Springer

Abstract: Abstract This chapter inaugurates the study of the energy-economic growth nexus with a new approach to introducing the globalisation index in ten Latin American countries from 1971 to 2014. The panel autoregressive distributed lag (PARDL) and the Granger causality Wald test were used as a methodology. The empirical results pointed to the existence of a bidirectional relationship between economic growth and consumption of renewable energy, a unidirectional relationship from consumption of fossil to economic growth, and a bidirectional relationship between globalisation and consumption of renewable energy. These results help local governments develop new policies with the purpose of increasing the consumption of renewable energy and reducing environmental degradation while promoting development.

Keywords: Energy economics; Environmental; Econometric; Latin American and the Caribbean; Macroeconomics; Nexus; F43; F62; Q43 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-13885-0_5

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DOI: 10.1007/978-3-031-13885-0_5

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