Ecos de Economía
ISSN 1657-4206
BARRETO NIETO, Carlos Alberto CAMPO ROBLEDO, Jacobo. Long-term relationship between energy consumption and GDP in Latin America: an empirical assessment using panel data. []. , 16, 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).
: Energy Consumption; Economic Growth; Production Function; Panel.