Energy consumption and economic growth in Brazil, Mexico and Venezuela: a time series analysis
- 1 November 1997
- journal article
- research article
- Published by Informa UK Limited in Applied Economics Letters
- Vol. 4 (11), 671-674
- https://doi.org/10.1080/758530646
Abstract
Applying recently developed techniques of cointegration and Hsiao's version of Granger causality to three Latin countries (Brazil, Mexico, and Venezuela), this study finds no causal linkages between energy consumption and economic growth for both Mexico and Venezuela using the trivariate models. However, capital is found to negatively, though weakly, cause economic growth for both Mexico and Venezuela. Additionally, energy is found to cause economic growth for Brazil. In sum, we detect no consistent causal patterns between energy and economic growth based on the causality tests from the three Latin countries.Keywords
This publication has 8 references indexed in Scilit:
- Causal relationship between exports and economic growth: some empirical evidence in Taiwan, Japan and the USApplied Economics, 1993
- Energy and economic growth in the USAEnergy Economics, 1993
- Testing for a unit root in time series regressionBiometrika, 1988
- The relationship between energy and GNP: Further resultsEnergy Economics, 1984
- Autoregressive modelling and money-income causality detectionJournal of Monetary Economics, 1981
- Energy and employment: a time-series analysis of the causal relationshipResources and Energy, 1979
- Aggregate Energy, Efficiency, and Productivity MeasurementAnnual Review of Energy, 1978
- Fitting autoregressive models for predictionAnnals of the Institute of Statistical Mathematics, 1969