Campo, Jacobo; Sarmiento, Viviana - In: Latin American Journal of Economics-formerly Cuadernos … 50 (2013) 2, pp. 233-255
We estimate the elasticity of the long-run relationship between energy consumption and GDP for 10 countries in Latin America from 1971 to 2007. We employ Pedroni’s (1999, 2004) panel cointegration test to determine if such a long-run relationship exists. Westerlund’s (2006) cointegration...