Measuring the effect of trade liberalisation on the consumption of non-renewable energy sources in Latin America & the Caribbean Countries

Authors

  • Matheus Koengkan ¹CEFAGE-UE and Department of Economics, University of Évora, Évora, Portugal ²Rectory, University of Trás-os-Montes and Alto Douro,Vila Real, Portugal http://orcid.org/0000-0002-0062-4476
  • José Alberto Fuinhas NECE-UBI, CeBER and Faculty of Economics, University of Coimbra, Coimbra,Portugal.
  • Isabel Vieira CEFAGE-UE and Department of Economics, University of Évora, Évora, Portugal

DOI:

https://doi.org/10.17811/ebl.10.4.2021.349-358

Abstract

This article investigates the impact of trade openness on the consumption of fossil fuels for a panel of fourteen LAC countries over the period from 1990 to 2014. To this end, a PARDL model in unrestricted error-correction form is estimated. The results of the model regression point indicate that the impact of economic growth and elasticity of trade openness are statistically significant at the 1% level and contribute to increased consumption of fossil fuels in the LAC countries. However, the impact and elasticity of consumption of renewable energy are statistically significant at 1% and 5% levels and thus contribute to decreasing consumption of fossil fuels.

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Published

2021-12-09

How to Cite

Koengkan, M., Fuinhas, J. A., & Vieira, I. (2021). Measuring the effect of trade liberalisation on the consumption of non-renewable energy sources in Latin America & the Caribbean Countries. Economics and Business Letters, 10(4), 349-358. https://doi.org/10.17811/ebl.10.4.2021.349-358

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