Abstract
AbstractThis chapter investigates the impact of trade openness on the consumption of fossil fuels for a panel of 14 Latin American and Caribbean (LAC) countries over the period from 1990 to 2014. The panel autoregressive distributed lags (PARDL) and panel non-linear autoregressive distributed lag (PNARDL) were used in this investigation. The empirical results indicated that economic growth and trade openness contribute to increased consumption of fossil fuels in the LAC countries. However, the impact of renewable energy consumption is statistically significant at 1% and 5% levels, thus contributing to decreasing fossil fuel consumption. The error correction model (ECM) term is negative and statistically significant at the 1% level.KeywordsData analysisEconometricsEnergy economicsEnergyFossil fuelsLatin America and the CaribbeanMacroeconomicsTrade opennessJEL CodesE6F1Q40Q43
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: 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 CopyrightLaw.
