Energy Consumption, Economic Growth, Carbon Dioxide Emissions and Population in Latin America and the Caribbean

摘要

This study examines the causality relationship among energy consumption, economic growth, carbon dioxide emission and population in twenty countries from Latin America and the Caribbean region. The methodology includes the use of Phillips and Perron (PP) tests, a cointegration model with vector error correction modeling (VECM) and vector autoregression (VAR) with Granger causality. The study concludes that of the twenty countries analyzed, only in four of them will be possible to implement energy conservation polices without affecting their economic growth, four of them are not able to consider an energy conservation policy with economic growth, and the other twelve should care about their economic growth before adopting any conservation policies.