Energy-growth long-term relationship under structural breaks. Evidence from Canada, 17 Latin American economies and the USA

A-Tier
Journal: Energy Economics
Year: 2017
Volume: 61
Issue: C
Pages: 121-134

Authors (2)

Rodríguez-Caballero, Carlos Vladimir (not in RePEc) Ventosa-Santaulària, Daniel (Centro de Investigación y Doce...)

Score contribution per author:

2.018 = (α=2.02 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study the relationship and the causal link between Electric Power Consumption, EPC, and Gross Domestic Product, GDP (both per capita) for 17 countries in Latin America, Canada and the USA. Considering that many of these economies underwent important economic crises in the last three decades, we therefore model the EPC-GDP relationship through a VEC specification that allows for structural breaks, along with a robust testing methodology of causal links based on the concepts of weak and super exogeneity, rather than Granger causality. Evidence favorable to the growth hypothesis (EPC→GDP) is found for eight countries, while data of three countries support the conservation hypothesis (GDP→EPC). For three countries evidence is favorable to the neutrality hypothesis, but should be considered with caution. As for the remaining five countries the evidence is not conclusive.

Technical Details

RePEc Handle
repec:eee:eneeco:v:61:y:2017:i:c:p:121-134
Journal Field
Energy
Author Count
2
Added to Database
2026-01-29