Articles
Published 2020-03-11
Keywords
- economic growth,
- energy,
- CO2,
- pollution,
- Colombia
- VAR,
- Granger causality ...More
How to Cite
Blanco-Camargo, D., Henriquez-Orozco, S., Fajardo-Ortíz, E. J., & Romero-Valbuena, H. (2020). Consumption of Energy, Economic Growth, and Carbon Dioxide Emissions in Colombia. Fuentes, El reventón energético, 18(1), 41–50. https://doi.org/10.18273/revfue.v18n1-2020005
Abstract
This paper presents an analysis for the case of Colombia on the relationship between economic growth, energy consumption and carbon dioxide emissions using the vector autoregressive (VAR) methodology and the Granger causality test, with which it was intended to find evidence of a causal relationship between the variables for the period 1971-2014. It is concluded, like the existing academic literature, that there is a direct relationship between energy consumption and production, and energy consumption towards carbon dioxide emissions.
Article derived from an undergraduate thesis carried out at the Universidad Industrial de Santander entitled: “Relación del consumo de energía eléctrica, el crecimiento económico y las emisiones de dióxido de carbono en Colombia para el periodo 1971-2014”.
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References
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Masoud, A., Nassor, S. y Baka, O. (2015). The relationship between energy consumption, CO2 emissions and economic growth in Tanzania. International Journal of Energy Sector Management, 9 (3), pp.361-375.
Ocampo, J. and Olivares, W. (2013). Relación entre las emisiones de CO2, el consumo de energía y el PIB: el caso de los CIVETS. Semestre Económico, 16(33), pp.45-66.
Paul, S. and Bhattacharya, R. (2004). Causality between energy consumption and economic growth in India: A note on conflict results. Energy Economics, (26), pp.977-983.
Saatcý, M. and Dumrul, Y. (2013). The relationship between energy consumption and economic growth: evidence from a structural break analysis for Turkey. International Journal of Energy Economics and Policy, 3(1), pp.20-29.
Serrano-Gómez, H. (2001). El reto del petróleo en Colombia. Revista Fuentes, el reventón energético, 1(1), pp. 23-27.
Sims, C. (1980). Macroeconomics and reality. Econometrica, (48)1. pp. 1-48.
Soytas, U., Sari, R. and Ozdemir, O. (2001). Energy consumption and GDP eelation in Turkey: a cointegratıon and vector error correction analysis. Economies and Business in Transition: Facilitating Competitiveness and Change in The Global Environment Proceedings, pp.838-844.
Soytas, U. and Sari, R. (2007). Energy consumption, economic growth, and carbon emissions: Challenges faced by an EU candidate member. Ecological Economics, 68 (6), pp- 1667-1675.
Squalli, J. (2007). Electricity consumption and economic growth: bounds and causality analyses of OPEC members. Energy Economics, (29), pp. 1192-1205.
Toda, H.Y. y Yamamoto, T., (1995). Statistical inference in vector autoregressions with possibly integrated process. Journal of Econometrics, (66), pp. 225–250.
World Bank (2019). Consumo de energía procedente de combustibles fósiles (% del total) – Colombia. Recoverd from: https://datos.bancomundial.org/indicador/EG.USE.COMM.FO.ZS?locations=CO
Cárdenas, M. (2005). Crecimiento económico en Colombia: 1970-2005. Coyuntura Económica, Fedesarrollo. Recuperado de: https://www.repository.fedesarrollo.org.co/bitstream/handle/11445/902/Co_Eco_Diciembre_2005_Cardenas.pdf?sequence=2&isAllowed=y
Catalán, H. (2014). Curva ambiental de Kuznets: implicaciones para un crecimiento sustentable . Economía Informa, (389), pp. 19-37.
Cheng, B. and Lai, T. (1997). An investigation of co-integration and causality between energy consumption and economic activity in Taiwan. Energy Economics, 19 (4), pp. 435-444.
Correa, F., Vasco, A. and Pérez, C. (2005). La curva medioambiental de Kuznets: evidencia empírica para Colombia. Semestre Económico, 8 (15), pp.13-30.
Correa, F. (2005). Crecimiento económico y medio ambiente: una revisión analítica de la hipótesis de la curva ambiental de Kuznets. Semestre Económico, 7 (14), pp. 74-104.
Correa, F. (2015). Economía del desarrollo sostenible: propuestas y limitaciones de la teoría neoclásica. Semestre Económico, 6 (12), pp. 1-21.
Enders, W. (2010). Applied econometric time series. 3a. Ed. John Wiley & Sons, Hoboken, Estados Unidos.
García, F. (2016). ¿Cómo está Colombia en materia de energía? Análisis económico BBVA. Recovered from: https://www.bbva.com/es/como-esta-colombia-en-materia-de-energia/
Gómez, C. (2011). Crecimiento económico, consumo de energía y emisiones contaminantes en la economía mexicana. Revista Fuente, 3 (9), pp. 67-80.
Gujarati, D. and Porter, D. (2004). Econometría.Editorial McGraw-Hill: Mexico. He, J. and Richard, P. (2010). Environmental Kuznets curve for CO2 in Canada. Ecological Economics, 69 (5), pp. 1083–1093.
International Energy Charter (2015). Conferencia Ministerial sobre la carta Internacional de la Energía. Recovered from: https://www.energycharter.org/fileadmin/DocumentsMedia/Legal/IEC_ES.pdf
Lee, C. and Lee, J. (2010). A panel data analysis of the demand for total energy and electricity in OECD countries. Energy Journal, (31), pp. 1-23.
Marrugo, V. (2013). Economic growth and human development in Colombia (2000-2010). Revista de Economía del Caribe, (11), pp. 127-143.
Masoud, A., Nassor, S. y Baka, O. (2015). The relationship between energy consumption, CO2 emissions and economic growth in Tanzania. International Journal of Energy Sector Management, 9 (3), pp.361-375.
Ocampo, J. and Olivares, W. (2013). Relación entre las emisiones de CO2, el consumo de energía y el PIB: el caso de los CIVETS. Semestre Económico, 16(33), pp.45-66.
Paul, S. and Bhattacharya, R. (2004). Causality between energy consumption and economic growth in India: A note on conflict results. Energy Economics, (26), pp.977-983.
Saatcý, M. and Dumrul, Y. (2013). The relationship between energy consumption and economic growth: evidence from a structural break analysis for Turkey. International Journal of Energy Economics and Policy, 3(1), pp.20-29.
Serrano-Gómez, H. (2001). El reto del petróleo en Colombia. Revista Fuentes, el reventón energético, 1(1), pp. 23-27.
Sims, C. (1980). Macroeconomics and reality. Econometrica, (48)1. pp. 1-48.
Soytas, U., Sari, R. and Ozdemir, O. (2001). Energy consumption and GDP eelation in Turkey: a cointegratıon and vector error correction analysis. Economies and Business in Transition: Facilitating Competitiveness and Change in The Global Environment Proceedings, pp.838-844.
Soytas, U. and Sari, R. (2007). Energy consumption, economic growth, and carbon emissions: Challenges faced by an EU candidate member. Ecological Economics, 68 (6), pp- 1667-1675.
Squalli, J. (2007). Electricity consumption and economic growth: bounds and causality analyses of OPEC members. Energy Economics, (29), pp. 1192-1205.
Toda, H.Y. y Yamamoto, T., (1995). Statistical inference in vector autoregressions with possibly integrated process. Journal of Econometrics, (66), pp. 225–250.
World Bank (2019). Consumo de energía procedente de combustibles fósiles (% del total) – Colombia. Recoverd from: https://datos.bancomundial.org/indicador/EG.USE.COMM.FO.ZS?locations=CO