Abstract
This study analyses the relationship between energy consumption and economic growth, using annual panel data from 16 Latin American countries over the period 1971–2001. We use a random coefficient (RC) method to control for both finite sample and sample-heterogeneity biases. Our results show (1) a long-run relationship between real GDP, energy consumption, labour force and real capital stock and (2) a long-run unidirectional causality running from energy to economic growth. These results support the energy-driven growth hypothesis.
| Original language | English |
|---|---|
| Pages (from-to) | 1399-1403 |
| Number of pages | 5 |
| Journal | Applied Economics Letters |
| Volume | 22 |
| Issue number | 17 |
| DOIs | |
| State | Published - 2015 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2015 Taylor & Francis.
ASJC Scopus subject areas
- Economics and Econometrics
