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.
Economic Growth Vector Error Correction Modeling Energy Conservation Policy Short-term Equilibrium Energy Conservation Sustainable Economic Growth Cointegration Model Vector Autoregression Granger Causality Conservation Policies
AI-powered Research feed
Introducing Weekly Round-ups!Beta
Round-ups are the summaries of handpicked papers around trending topics published every week. These would enable you to scan through a collection of papers and decide if the paper is relevant to you before actually investing time into reading it.
Climate change Research Articles published between Jan 23, 2023 to Jan 29, 2023
Jan 30, 2023
Articles Included: 3
Climate change adaptation has shifted from a single-dimension to an integrative approach that aligns with vulnerability and resilience concepts. Adapt...Read More
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on “as is” basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The Copyright Law.