The energy-economic growth nexus in Latin American and the Caribbean countries: a new approach with globalisation index

Authors

  • Matheus Koengkan ¹CEFAGE-UE and Department of Economics, University of Évora, Évora, Portugal ²Rectory, University of Trás-os-Montes and Alto Douro,Vila Real, Portugal http://orcid.org/0000-0002-0062-4476
  • José Alberto Fuinhas NECE-UBI, CeBER and Faculty of Economics, University of Coimbra, Coimbra,Portugal
  • Simone Baptista Rosa Institute of Mathematics and Statistics, Federal Fluminense University, Niterói, Brazil

DOI:

https://doi.org/10.22408/reva502020278e-5019

Abstract

This article inaugurates the study of the energy-economic growth nexus with a new approach with the introduction of globalisation index, in ten Latin American and the Caribbean countries from 1971-2014. The Autoregressive Distributed Lag (ARDL) and the Granger causality Wald test were used as a methodology. The empirical results pointed to the existence of a bidirectional relationship between economic growth and consumption of renewable energy, a unidirectional relationship from consumption of fossil to economic growth, and a bidirectional relationship between globalisation and consumption of renewable energy. That these results help the local governments develop new policies with the purpose of increases the consumption of renewable energy and reduces environmental degradation while promoting development.

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Author Biographies

Matheus Koengkan, ¹CEFAGE-UE and Department of Economics, University of Évora, Évora, Portugal ²Rectory, University of Trás-os-Montes and Alto Douro,Vila Real, Portugal

PhD in (Economics) at the University of Évora, Évora (Portugal), Masters (in Economics) from the University of Beira Interior. He is a researcher in the areas of Latin American and the Caribbean studies, macroeconomics, energy economics and environmental economics at Center for Advanced Studies in Management and Economics of the Universidade de Évora (CEFAGE-UÉ). He has published in international journals, such as Energy; Environmental Economics and Policy Studies; Environmental Science and Pollution Research; and Environment Systems and Decisions.

José Alberto Fuinhas, NECE-UBI, CeBER and Faculty of Economics, University of Coimbra, Coimbra,Portugal

PhD (in Economics) is a professor of monetary and financial economics, and intermediate econometrics at the Faculty of Economics, University of Coimbra (Portugal). He is a researcher in the areas of macroeconomics and energy economics, at the (CeBER) - Centre for Business and Economics Research, and (NECE-UBI) - Research Unit in Business Science and Economics, sponsored by the Portuguese Foundation for the Development of Science and Technology. He has published in international journals, such as Energy, Economic Modelling; Energy Policy; and Energy Economics.

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Published

2021-01-07

How to Cite

Koengkan, M., Fuinhas, J. A., & Rosa, S. B. (2021). The energy-economic growth nexus in Latin American and the Caribbean countries: a new approach with globalisation index. Revista Valore, 5, e-5019. https://doi.org/10.22408/reva502020278e-5019

Issue

Vol. 5 (2020): Revista Valore

Section

Fluxo Contínuo (Art. Originais/Revisão)

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