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Spanish Abstract: El objetivo de este trabajo es analizar la relacion entre el consumo de energia (combustibles y energia electrica), la produccion industrial y el nivel de empleo en Mexico durante el periodo 2003-2012. En el caso de Mexico, el consumo de energia no parece reflejar una clara relacion ni con la produccion (agregada) ni con el empleo. Para determinar dicha relacion, se emplea una metodologia de cointegracion de panel. Se estima el sentido de la causalidad de corto y largo plazos. Este documento es de relevancia para la politica economica, dado que presenta evidencia favorable de las hipotesis de crecimiento y realimentacion.English Abstract: The aim of this paper is to analyze the relationship between energy consumption (fuel and electricity), industrial production and employment levels in Mexico during the 2003-2012 period. In the case of Mexico, power consumption does not reflect a clear relationship with either production (aggregate) or employment. To determine this relationship, a panel cointegration methodology is employed. The direction of short and long term causality is estimated. This document is relevant for economic policy since it presents favorable evidence of growth assumptions and feedback.

Producción manufacturera, consumo de energía y empleo en México: Un análisis por clases manufactureras