Un modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009.

En este artículo se presenta evidencia empírica sobre la relación entre el consumo de energía y el PIB para Colombia, durante el periodo 1970-2009. Los resultados muestran que las series son no estacionarias; es decir, son I (1) de manera individual, adicionalmente, existe una relación de largo plaz...

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Autores:: Campo-Robledo, Jacobo Alberto
Sarmiento, Viviana

Tipo de recurso:: Article of investigation

Fecha de publicación:: 2010

Institución:: Universidad Católica de Colombia

Repositorio:: RIUCaC - Repositorio U. Católica

Idioma:: spa

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dc.title.spa.fl_str_mv	Un modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009.
dc.title.translated.eng.fl_str_mv	Error correction model for energy consumption - GDP relationship in Colombia 1970-2009.
title	Un modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009.
spellingShingle	Un modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009. Energy consumption Cointegration relation Vector error correction model (vecm) Structural break Colombia Consumo de energía Relación de cointegración Modelo de corrección de errores de vectores cointegrados (vecm) Ruptura estructural Colombia
title_short	Un modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009.
title_full	Un modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009.
title_fullStr	Un modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009.
title_full_unstemmed	Un modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009.
title_sort	Un modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009.
dc.creator.fl_str_mv	Campo-Robledo, Jacobo Alberto Sarmiento, Viviana
dc.contributor.author.spa.fl_str_mv	Campo-Robledo, Jacobo Alberto Sarmiento, Viviana
dc.subject.eng.fl_str_mv	Energy consumption Cointegration relation Vector error correction model (vecm) Structural break Colombia
topic	Energy consumption Cointegration relation Vector error correction model (vecm) Structural break Colombia Consumo de energía Relación de cointegración Modelo de corrección de errores de vectores cointegrados (vecm) Ruptura estructural Colombia
dc.subject.spa.fl_str_mv	Consumo de energía Relación de cointegración Modelo de corrección de errores de vectores cointegrados (vecm) Ruptura estructural Colombia
description	En este artículo se presenta evidencia empírica sobre la relación entre el consumo de energía y el PIB para Colombia, durante el periodo 1970-2009. Los resultados muestran que las series son no estacionarias; es decir, son I (1) de manera individual, adicionalmente, existe una relación de largo plazo entre dichas variables. A través de un VECM se estiman las elasticidades de corto y largo plazo para analizar la dinámica de ajuste. Los resultados muestran que en el corto plazo se mantiene la hipótesis de conservación pero que a largo plazo se evidencia una retroalimentación entre ambas variables. Se concluye que en Colombia no se evidencia una relación de consumo de energía y PIB en el corto plazo, por tanto, los hacedores de política pueden implementar estrategias encaminadas a la conservación de la energía.
publishDate	2010
dc.date.issued.none.fl_str_mv	2010-01-01
dc.date.accessioned.none.fl_str_mv	2011-01-01 00:00:00 2023-01-23T16:13:51Z
dc.date.available.none.fl_str_mv	2011-01-01 00:00:00 2023-01-23T16:13:51Z
dc.type.spa.fl_str_mv	Artículo de revista
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dc.relation.citationedition.spa.fl_str_mv	Núm. 1 , Año 2011
dc.relation.citationendpage.none.fl_str_mv	70
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dc.relation.citationstartpage.none.fl_str_mv	59
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dc.relation.ispartofjournal.spa.fl_str_mv	Revista Finanzas y Política Económica
dc.relation.references.spa.fl_str_mv	AKARCA, ¿A.T?. & LONG, ¿T.V.?. On the relationship between energy and GNP: A reexamination. Journal of Energy Development, vol.5: 326-331, 1980. ABOSEDRA, Salaheddin, BAGHESTANI, Hamid?. New evidence on the causal relationship between U.S. Energy consumption y Gross National product. Journal of Energy and Development, vol.14: 285-292, 1991. AL-IRIANI, M.A. Energy GDP relationship revisted: an example from GCC countries using panel causality. Energy Policy, vol.34: 3342-3350, 2006. CHENG, B.S. An investigation of cointegration and causality between energy consumption and economic growth. Journal of Energy Development, vol. 21: 73-84, 1995. DICHEY, D. & FULLER, ¿William?. Distribution of the Estimators for Autoregressive Time Series with a Unit Root. Journal of the American Statistical Association, vol. 74: 427-431, 1979. ENGLE, R.F. & GRANGER, ¿Clive?. Co-integration and Error-Correction: Representation, estimation and testing. Econométrica, vol. 55 (2): 251-276, 1987. EROL, U., & YU, Siu Hung Eden. On the causal relationship between energy and income for industrialized countries. Journal of Energy Development, vol. 13: 113-122, 1987. FATAI, K., OXLEY, Les, SCRIMGEOUR, Frank?. Energy consumption and employment in New Zealand: searching for causality. Paper presented at NZAE Conference. Wellington: 26-28, June 2002. GHOSH, Sugata. Electricity consumption and economic growth in India. Energy Policy, vol. (30): 125-129, 2002. GLASURE, Y. & LEE, Ann?. Cointegration, error correction and relationship between GDP and Energy: the case of South Korea and Singapore. Resource and Energy Economics, (20): 17-25, 1997. GRANGER, C. & NEWBOLD, Paul. Spurious Regressions in Econometrics. Journal of Econometrics, vol. 2: 111-120, 1974. HWANG, D. & GUM, B. The causal relationship between energy and GNP: the case of Taiwan. Jornal of Energy and Development, pp.219-226, 1992. JOHANSEN, S. Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control, vol. 12(2-3): 231-254, 1988. JOHANSEN, S. Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models. Econométrica, vol. 59(6): 1551- 80, November 1991. JOHANSEN, S. y JUSELIUS, K. Maximum Likelihood Estimation and Inference on Cointegration-With Applications to the Demand for Money. Oxford Bulletin of Economics and Statistics, vol.52(2): 169-210, May 1990. KRAFT, J. y KRAFT, A. On the relationship between energy and GNP. Journal of Energy and Development, vol. 2 (3): 401-403. KWIATKOWSKI, D., PHILLIPS, P., SCHMIDT, P. y SHIN, Y. Testing the null Hypothesis of Stationarity Against the Alternative of Unit Root. Journal of Econometrics, vol. 54 (1-3): 159-178, 1992. LANNE, M., LïTKEPOHL, H. y SAIKKONEN, P. Comparison of unit root tests for time series with level shifts. Journal of Time Series Analysis. 2002. MAGAZZINO, C. Energy Consumption and Aggregate Income in Italy: Cointegration and Causality Analysis. Munich Personal RePEc Archive (MPRA). (28494), 2011. MASIH, A., MASIH R. Energy consumption and real income temporal causality, results from a multi-country study based on Cointegration and Error Correction Modeling Techniques, Energy Economics, vol. 18: 165-183, 1996. OZTURK, ILHAN & ACARAVCI, ALI. The causal relationship between energy consumption and GDP in Albania, Bulgaria, Hungary and Romania: Evidence from ARDL bound testing approach. Applied Energy, Elsevier, vol. 87(6), pages 1938-1943, 2010. PERRON, P. The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis. Econométrica, vol. 57(6): 1361-1401, November 1989. SAIKKONEN, P. y LïTKEPOHL, H. Testing for a unit root in a time series with a level shift at unknown time. Econometric Theory, vol. 18: 313-348, 2002. SIMS, C. Macroeconomics and Reality. Econométrica, vol. 48(1): 1-48, January 1980. SOYTAS, U. SARI, R. y OZDEMIR, O. Energy Consumption and GDP Relations in Turkey: A Cointegration and Vector Error Correction Analysis. Economics and Business in Transition: Facilitating Competitiveness and Change in the Global Environment Proceedings. Global Business and Technology Association. 838-844, 2001. YU, E.S.H., HWANG, B.K. The relationship between energy and GNP: further results. Energy Economics, vol. 6: 186-190, 1984. YU, E.S.H., y CHOI, J.Y. The causal relationship between energy and GNP: an international comparision. Journal of Energy and Development, vol. 10: 249-272, 1985.
dc.rights.spa.fl_str_mv	Jacobo Campo R., Viviana Sarmiento - 2011
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spelling	Campo-Robledo, Jacobo Alberto dcd71748-6b11-45c8-bd6f-1065c7310e33Sarmiento, Viviana781eb083-c3d3-4872-9499-aa407afc67603002011-01-01 00:00:002023-01-23T16:13:51Z2011-01-01 00:00:002023-01-23T16:13:51Z2010-01-01En este artículo se presenta evidencia empírica sobre la relación entre el consumo de energía y el PIB para Colombia, durante el periodo 1970-2009. Los resultados muestran que las series son no estacionarias; es decir, son I (1) de manera individual, adicionalmente, existe una relación de largo plazo entre dichas variables. A través de un VECM se estiman las elasticidades de corto y largo plazo para analizar la dinámica de ajuste. Los resultados muestran que en el corto plazo se mantiene la hipótesis de conservación pero que a largo plazo se evidencia una retroalimentación entre ambas variables. Se concluye que en Colombia no se evidencia una relación de consumo de energía y PIB en el corto plazo, por tanto, los hacedores de política pueden implementar estrategias encaminadas a la conservación de la energía.This paper presents empirical evidence on the relationship between energy consumption and GDP in Colombia during the period 1970 to 2009. The results show that the series are not stationary, i.e. are individually I (1); in addition we find a long term relationship between both variables. Through a VECM we estimate short and long term elasticities to analyze the dynamics of adjustment. The results show that in the short-term the conservation hypothesis holds (i.e. no evidence of a short-term relationship of energy consumption to GDP). In the long-term, however, we find evidence of a feedback mechanism between both variables. Yet, this paper provides evidence that policymakers can implement policies aimed at energy conservation without hurting economic growth.application/pdf2011-76632248-6046https://hdl.handle.net/10983/29305https://revfinypolecon.ucatolica.edu.co/article/view/529spaUniversidad Católica de Colombiahttps://revfinypolecon.ucatolica.edu.co/article/download/529/550Núm. 1 , Año 2011701593Revista Finanzas y Política EconómicaAKARCA, ¿A.T?. & LONG, ¿T.V.?. On the relationship between energy and GNP: A reexamination. Journal of Energy Development, vol.5: 326-331, 1980.ABOSEDRA, Salaheddin, BAGHESTANI, Hamid?. New evidence on the causal relationship between U.S. Energy consumption y Gross National product. Journal of Energy and Development, vol.14: 285-292, 1991.AL-IRIANI, M.A. Energy GDP relationship revisted: an example from GCC countries using panel causality. Energy Policy, vol.34: 3342-3350, 2006.CHENG, B.S. An investigation of cointegration and causality between energy consumption and economic growth. Journal of Energy Development, vol. 21: 73-84, 1995.DICHEY, D. & FULLER, ¿William?. Distribution of the Estimators for Autoregressive Time Series with a Unit Root. Journal of the American Statistical Association, vol. 74: 427-431, 1979.ENGLE, R.F. & GRANGER, ¿Clive?. Co-integration and Error-Correction: Representation, estimation and testing. Econométrica, vol. 55 (2): 251-276, 1987.EROL, U., & YU, Siu Hung Eden. On the causal relationship between energy and income for industrialized countries. Journal of Energy Development, vol. 13: 113-122, 1987.FATAI, K., OXLEY, Les, SCRIMGEOUR, Frank?. Energy consumption and employment in New Zealand: searching for causality. Paper presented at NZAE Conference. Wellington: 26-28, June 2002.GHOSH, Sugata. Electricity consumption and economic growth in India. Energy Policy, vol. (30): 125-129, 2002.GLASURE, Y. & LEE, Ann?. Cointegration, error correction and relationship between GDP and Energy: the case of South Korea and Singapore. Resource and Energy Economics, (20): 17-25, 1997.GRANGER, C. & NEWBOLD, Paul. Spurious Regressions in Econometrics. Journal of Econometrics, vol. 2: 111-120, 1974.HWANG, D. & GUM, B. The causal relationship between energy and GNP: the case of Taiwan. Jornal of Energy and Development, pp.219-226, 1992.JOHANSEN, S. Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control, vol. 12(2-3): 231-254, 1988.JOHANSEN, S. Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models. Econométrica, vol. 59(6): 1551- 80, November 1991.JOHANSEN, S. y JUSELIUS, K. Maximum Likelihood Estimation and Inference on Cointegration-With Applications to the Demand for Money. Oxford Bulletin of Economics and Statistics, vol.52(2): 169-210, May 1990.KRAFT, J. y KRAFT, A. On the relationship between energy and GNP. Journal of Energy and Development, vol. 2 (3): 401-403.KWIATKOWSKI, D., PHILLIPS, P., SCHMIDT, P. y SHIN, Y. Testing the null Hypothesis of Stationarity Against the Alternative of Unit Root. Journal of Econometrics, vol. 54 (1-3): 159-178, 1992.LANNE, M., LïTKEPOHL, H. y SAIKKONEN, P. Comparison of unit root tests for time series with level shifts. Journal of Time Series Analysis. 2002.MAGAZZINO, C. Energy Consumption and Aggregate Income in Italy: Cointegration and Causality Analysis. Munich Personal RePEc Archive (MPRA). (28494), 2011.MASIH, A., MASIH R. Energy consumption and real income temporal causality, results from a multi-country study based on Cointegration and Error Correction Modeling Techniques, Energy Economics, vol. 18: 165-183, 1996.OZTURK, ILHAN & ACARAVCI, ALI. The causal relationship between energy consumption and GDP in Albania, Bulgaria, Hungary and Romania: Evidence from ARDL bound testing approach. Applied Energy, Elsevier, vol. 87(6), pages 1938-1943, 2010.PERRON, P. The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis. Econométrica, vol. 57(6): 1361-1401, November 1989.SAIKKONEN, P. y LïTKEPOHL, H. Testing for a unit root in a time series with a level shift at unknown time. Econometric Theory, vol. 18: 313-348, 2002.SIMS, C. Macroeconomics and Reality. Econométrica, vol. 48(1): 1-48, January 1980.SOYTAS, U. SARI, R. y OZDEMIR, O. Energy Consumption and GDP Relations in Turkey: A Cointegration and Vector Error Correction Analysis. Economics and Business in Transition: Facilitating Competitiveness and Change in the Global Environment Proceedings. Global Business and Technology Association. 838-844, 2001.YU, E.S.H., HWANG, B.K. The relationship between energy and GNP: further results. Energy Economics, vol. 6: 186-190, 1984.YU, E.S.H., y CHOI, J.Y. The causal relationship between energy and GNP: an international comparision. Journal of Energy and Development, vol. 10: 249-272, 1985.Jacobo Campo R., Viviana Sarmiento - 2011info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2https://creativecommons.org/licenses/by-nc-sa/4.0/https://revfinypolecon.ucatolica.edu.co/article/view/529Energy consumptionCointegration relationVector error correction model (vecm)Structural breakColombiaConsumo de energíaRelación de cointegraciónModelo de corrección de errores de vectores cointegrados (vecm)Ruptura estructuralColombiaUn modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009.Error correction model for energy consumption - GDP relationship in Colombia 1970-2009.Artículo de revistahttp://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Textinfo:eu-repo/semantics/articleJournal articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/publishedVersionPublicationOREORE.xmltext/xml2643https://repository.ucatolica.edu.co/bitstreams/aacf87bb-912c-4929-9cf3-e1e5e04c4241/download7eaf1310b84f7d5e373e82dfa76ae548MD5110983/29305oai:repository.ucatolica.edu.co:10983/293052023-03-24 18:02:42.408https://creativecommons.org/licenses/by-nc-sa/4.0/Jacobo Campo R., Viviana Sarmiento - 2011https://repository.ucatolica.edu.coRepositorio Institucional Universidad Católica de Colombia - RIUCaCbdigital@metabiblioteca.com

Un modelo de corrección de errores para la relación entre el consumo de energía y el PIB en Colombia, 1970-2009.

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