The nexus between energy consumption, economic growth, and urbanization in Latin American and Caribbean countries: An approach with PVAR model

Matheus Koengkan

Resumo


The nexus between energy consumption, economic growth and urbanization was analyzed for a panel of twenty-one Latin American and Caribbean countries over a period from 1980-2014. The Panel Data Vector Autoregressive (PVAR) was used in order to analyze the relationship among all variables. The results indicated that there is a unidirectional relationship between urbanization and energy consumption, and a bidirectional nexus among economic growth and energy consumption in Latin America and Caribbean region.


Texto completo:

PDF

Referências


AHMED, M.; AZAM, M. Causal nexus between energy consumption and economic growth for high, middle and low-income countries using frequency domain analysis. Renewable and Sustainable Energy Reviews, v.60, p.653-678, 2016. doi: 10.1016/j.rser.2015.12.174.

ANTONAKAKIS, N.; CHATZIANTONIOU, I.; FILLIS, G. Energy consumption, CO2 emissions, and economic growth: An ethical dilemma. Renewable and Sustainable Energy Reviews, v.68 n.1,p.808-824, 2016.doi: 10.1016/j.rser.2016.09.105.

AL-MULALI, U.; FEREIDOUNI, H.G.; LEE, J.Y.M.; SAB, C.N.B. Exploring the relationship between urbanization, energy consumption, and CO2 emission in MENA countries. Renewable and Sustainable Energy Reviews, v.23,p.107-112,2013.doi: 10.1016/j.rser.2013.02.041.

AL-MULALI, U.; SAB, C.N.B.C.; FEREIDOUNI, H.G. Exploring the bi-directional long run relationship between urbanization, energy consumption, and carbon dioxide emission. Energy, v.46, n.1,p.156-167,2012.doi: 10.1016/j.energy.2012.08.043.

ABRIGO, M.R.M.; LOVE, I. Estimation of Panel Vector Autoregression in Stata: A Package of Programs. University of Hawai`i at Mānoa Department of Economics Working Paper Series, 2015. URL:.

BILGILI, F.; KOÇAK, E.; BULUT, Ü.; KULOĞLU, A. The impact of urbanization on energy intensity: Panel data evidence considering cross-sectional dependence and heterogeneity. Energy, v.133, n.15,p.242-256,2017.doi: 10.1016/j.energy.2017.05.121.

BALZA,L.H.;ESPINASA,R.; SEREBRISKY, T. Lights on?: Energy Needs in Latin America and the Caribbean to 2040. Inter-American Development Bank,2015. URL: http://www20.iadb.org/intal/catalogo/PE/2016/15969en.pdf.

FUINHAS, J.A.; MARQUES, A.C.; KOENGKAN, M.Are renewable energy policies upsetting carbon dioxide emissions? The case of Latin America countries. Environmental Science and Pollution Research, v.24, n.17,2017:15044–15054. doi: 10.1007/s11356-017-9109-z.

FAN, J-L.; ZHANG, Y-J.; WANG, B.The impact of urbanization on residential energy consumption in China: An aggregated and disaggregated analysis. Renewable and Sustainable Energy Reviews, v.75, p.220-233,2017.doi: 10.1016/j.rser.2016.10.066.

GASPAR, J.S.; MARQUES, A.C.; FUINHAS, J.A.The traditional energy-growth nexus: A comparison between sustainable development and economic growth approaches. Ecological Indicators, v.75,p.286-296,2017.doi: 10.1016/j.ecolind.2016.12.048.

GHOSH, S.; KANJILAL,K.Long-term equilibrium relationship between urbanization, energy consumption, and economic activity: Empirical evidence from India. Energy, v.66, n.1,p.324-331,2014.doi: 10.1016/j.energy.2013.12.052.

HANSEN, L. P. Large sample properties of generalized method of moments estimators. Econometrica, v.50, n.4 p.1029-1054, 1982.URL:< http://www.jstor.org/stable/1912775>.

HOLTZ-EAKING, D.; NEWEY, W.; ROSEN, H.S. Estimating vector autoregressions with panel data. Econometrica, v.56, n.6 p.1371-1395, 1988.URL:< http://www.jstor.org/stable/1913103>.

KOENGKAN, M.;FUINHAS, J.A;MARQUES, A.C. O impacto da produção de energia eólica no mercado de trabalho: uma abordagem PVAR”. Revista de Estudos Sociais, v.19, n.38,p.36-49,2017.doi: 10.19093/res4559.

KOENGKAN, M. Is the globalization influencing the primary energy consumption? The case of Latin America and Caribbean countries. Cadernos UniFOA, v.12 n. 33, p. 59-69,2017. ISSN: 1809-9475.

KAIS, S.; MBAREK, M.B. Dynamic relationship between CO2 emissions, energy consumption and economic growth in three North African countries. International Journal of Sustainable Energy, v.36, n.9, p. 840-854,2017.doi: 10.1080/14786451.2015.1102910.

KAHIA, M.; AÏSSA, M.S.B.; LENOUAR, C.Renewable and non-renewable energy use - economic growth nexus: The case of MENA Net Oil Importing Countries. Renewable and Sustainable Energy Reviews, v.71, p.127-140,2017.doi: 10.1016/j.rser.2017.01.010.

KOÇAK, E.; ŞARKGÜNEŞI, A. The renewable energy and economic growth nexus in Black Sea and Balkan countries. Energy Policy, v.100, p.51-57,2017.doi: 10.1016/j.enpol.2016.10.007.

LI, K.; LIN, B. Impacts of urbanization and industrialization on energy consumption/CO2 emissions: Does the level of development matter ?. Renewable and Sustainable Energy Reviews, v. 52,p.1107-1122,2015.doi: 10.1016/j.rser.2015.07.185.

LIU, Y. Exploring the relationship between urbanization and energy consumption in China using ARDL (autoregressive distributed lag) and FDM (factor decomposition model). Energy, v.35, n.11,p.1846-1854,2009.doi: 10.1016/j.energy.2009.07.029.

MAGAZZINO, C.The relationship between CO2 emissions, energy consumption and economic growth in Italy. International Journal of Sustainable Energy, v.35, n.9,p.844-857,2016..doi: 10.1080/14786451.2014.953160.

MADDALA, G.S: WU, S. A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and statistics, v.61, n.1,p. 631-652, 1999.doi: 10.1111/1468-0084.0610s1631.

ÖZOKCUA, S.; ÖZDEMIR, O. Economic growth, energy, and environmental Kuznets curve. Renewable and Sustainable Energy Reviews, v.72,p.639-647,2017.doi: 10.1016/j.rser.2017.01.059.

PESARAN, M. H. General diagnostic tests for cross section dependence in panels. University of Cambridge, Faculty of Economics. Cambridge Working Papers in Economics, n.0435,2004.URL:http://www.econ.cam.ac.uk/research/ repec/cam/pdf/cwpe0435.pdf.

POUMANYVONG, P.; KANEKO, S.Does urbanization lead to less energy use and lower CO2 emissions? A cross-country analysis. Ecological Economics, v.70,n.2,p.434-444,2010.doi: 10.1016/j.ecolecon.2010.09.029.

PABLO-ROMERO, M.D.; JÉSUS, J.D.Economic growth, and energy consumption: The Energy-Environmental Kuznets Curve for Latin America and the Caribbean. Renewable and Sustainable Energy Reviews, v.60,p.1343-1350,2016.doi: 10.1016/j.rser.2016.03.029.

PASTÉN, R.;SAES, R, MARÍN, R.C. Does energy use cause economic growth in Latin America?.Applied Economics Letters, v. 22, n.17, p.1399-1403,2015.doi: 10.1080/13504851.2015.1034834.

RODRÍGUEZ-CABALLERO, C.V.;VENTOSA-SANTAULÀRIA, D. Energy-growth long-term relationship under structural breaks. Evidence from Canada, 17 Latin American economies and the USA. Energy Economics, v.61,p.121-134,2017.doi: 10.1016/j.eneco.2016.10.026.

SHAHBAZ, M.; LOGANATHAN, N.; SBIA, R.; AFZA, T. The effect of urbanization, affluence and trade openness on energy consumption: A time series analysis in Malaysia. Renewable and Sustainable Energy Reviews, v.57,p.683-693,2015.doi: 10.1016/j.rser.2015.03.044.

SALIM, R.A.; SHAFIEI, S.Urbanization and renewable and non-renewable energy consumption in OECD countries: An empirical analysis. Economic Modelling, v.38,p.581-591,2014.doi: 10.1016/j.econmod.2014.02.008.

SOLARIN, S.A.; SHAHBAZ, M. Trivariate causality between economic growth, urbanization and electricity consumption in Angola: Cointegration and causality analysis. Energy Policy, v.60,p.876-884,2013.doi: 10.1016/j.enpol.2013.05.058.

SADORSKY, P.Do urbanization and industrialization affect energy intensity in developing countries?. Energy Economics, v.37,p.52-59,2013.doi: 10.1016/j.eneco.2013.01.009.

SHAHBAZ, M.; LEAN, H.H.Does financial development increase energy consumption? The role of industrialization and urbanization in Tunisia. Energy Policy, v.40,p.473-479,2012.doi: 10.1016/j.enpol.2011.10.050.

TANG, X.; DENG, H.; ZHANG, B.; SNOWDEN, S.; HÖÖK, M. Nexus Between Energy Consumption and Economic Growth in China: From the Perspective of Embodied Energy Imports and Exports. Emerging Markets Finance and Trade, v.52, n.6, p.1298-1304,2016.doi: 10.1080/1540496X.2016.1152791.

YANG, J.; ZHANG, W.; ZHANG, Z. Impacts of urbanization on renewable energy consumption in China. Journal of Cleaner Production, v.114, n.15, p.443-451,2016.doi: 10.1016/j.jclepro.2015.07.158.




DOI: https://doi.org/10.22408/reva22201761202-219

Métricas do artigo

Carregando Métricas ...

Metrics powered by PLOS ALM

Apontamentos

  • Não há apontamentos.


Bookmark and Share


Flag Counter

Revista Valore 
ISSN: 2525-9008