The relationship between economic growth and biomass energy consumption

Abstract

This paper investigates the relationship analysis between biomass energy consumption and economic growth by using Autoregressive Distributed Lag (ARDL) bounds testing approach of cointegration and vector error-correction models. The cointegration test results show that there is cointegration between the biomasss energy consumption and the economic growth in five of the seven countries (Bolivia, Brazil, Chile, Colombia, and Guatemala) and there is no cointegration between the biomasss energy consumption and the economic growth in two of the seven countries (Argentina and Jamaica). (C) 2012 American Institute of Physics. [http://dx.doi.org/10.1063/1.3699617]