Open AccessThe nexus between energy consumption, economic growth, and urbanization in Latin American and Caribbean countries: An approach with PVAR model
Author(s) -
Matheus Koengkan
Publication year - 2017
Publication title -
revista valore
Language(s) - English
Resource type - Journals
eISSN - 2526-043X
pISSN - 2525-9008
DOI - 10.22408/reva22201761202-219
Subject(s) - nexus (standard) , urbanization , latin americans , consumption (sociology) , energy consumption , autoregressive model , vector autoregression , economics , order (exchange) , panel data , energy (signal processing) , development economics , econometrics , economic growth , political science , computer science , sociology , engineering , social science , electrical engineering , finance , law , embedded system , statistics , mathematics
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.