Abstract

BARRETO NIETO, Carlos Alberto  and  CAMPO ROBLEDO, Jacobo. Long-term relationship between energy consumption and GDP in Latin America: an empirical assessment using panel data. ecos.econ. [online]. 2012, vol.16, n.35, pp.73-89. ISSN 1657-4206.

The main objetive of this research is to evaluate the long term relationship between energy consumption and GDP for some Latin American countries in the period 1980- 2009. The estimation has been done through the non-stationary panel approach, using the production function in order to control other sources of GDP variation, such as capital and labor. In addition to this, a panel unit root tests are used in order to identify the non- stationarity of these variables, followed by the application of panel cointegration test proposed by Pedroni (2004) to avoid a spurious regression (Entorf, 1997; Kao, 1999).

Keywords : Energy Consumption; Economic Growth; Production Function; Panel.

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