Energy conservation and sustainable economic growth: The case of Latin America and the Caribbean

Ching-Chih Chang, Claudia Fabiola Soruco Carballo

Research output: Contribution to journalArticle

39 Citations (Scopus)

Abstract

This study examines the causal relationships among energy consumption, economic growth and carbon dioxide emissions in twenty countries from Latin America and the Caribbean region. The methodology includes the use of Phillips and Perron (PP) tests, a cointegration model with vector error correction modeling (VECM) and vector autoregression (VAR) with Granger causality. The study concludes that of the twenty countries analyzed, only in four of them will it be possible to implement energy conservation polices without affecting their economic growth, four others are not able to consider an energy conservation policy with economic growth, and the other twelve should focus on their economic growth before adopting any conservation policies. Energy efficiency was found in this region, especially in the countries which have both cointegration and short-term equilibrium.

Original languageEnglish
Pages (from-to)4215-4221
Number of pages7
JournalEnergy Policy
Volume39
Issue number7
DOIs
Publication statusPublished - 2011 Jul 1

All Science Journal Classification (ASJC) codes

  • Energy(all)
  • Management, Monitoring, Policy and Law

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