Open AccessIs the globalization influencing the primary energy consumption? The case of Latin America and Caribbean countries
Author(s) -
Matheus Koengkan
Publication year - 2017
Publication title -
cadernos unifoa
Language(s) - English
Resource type - Journals
eISSN - 1980-3567
pISSN - 1809-9475
DOI - 10.47385/cadunifoa.v12.n33.460
Subject(s) - latin americans , globalization , economics , openness to experience , gross domestic product , consumption (sociology) , primary energy , energy consumption , index (typography) , development economics , international economics , macroeconomics , energy (signal processing) , political science , market economy , psychology , social psychology , social science , ecology , statistics , mathematics , sociology , biology , world wide web , computer science , law
This article investigates the relationship between globalization and primary energy consumption in twelve Latin America and Caribbean countries from 1991 to 2012 using the auto-regressive distributive lag (ARDL) methodology. The elasticities results showed that increase of 1% on index globalization exerts a positive impact of 0.4449 % above the primary energy consumption. The variables gross domestic product (GDP) and dioxide carbon emissions (CO2) exert a positive impact in short and long-run, as well as the variable capital account openness has a negative effect in long-run.