Cointegration analysis between economic growth and environmental deterioration. An empirical analysis of sustainable development in Latin America and the Caribbean

Authors

  • Victor Xavier Quinde Rosales Universidad Agraria del Ecuador
  • Gabriela Vaca Pinela Universidad Agraria del Ecuador
  • Francisco Quinde Rosales Universidad Agraria del Ecuador
  • Lourdes Lazo Vaca Universidad Laica Vicente Rocafuerte

DOI:

https://doi.org/10.14482/ecoca.24.338.98

Keywords:

Economic Growth, Sustainable development, Income distribution, Environmental economics, Environmental impact assessment

Abstract

This article is an inductive argumentation and an empirical-analytical paradigm that evaluates the existing relationship between Gross Domestic Product (GDP) per capita and the Carbon Dioxide (CO2) in country groups of Latin America and the Caribbean considered developing economies in a period of time from 1960 to 2011. It was developed an Augmented Dickey-Fuller unit root (ADF), a Granger Causality Test and a Johansen Cointegration test. The results evidence the non-stationary of constrains in both countries. It was obtained a VAR model with two variables with a number of 14 lags - VAR2 (14) which were tested for causality by demonstrating a bidirectionality of GDP per capita to CO2 and vice versa, and it was confirmed that variables move through the time without varia- tions. It means they are stable, and that in both cases there is at most a vector or cointegration relationship.

Author Biography

Victor Xavier Quinde Rosales, Universidad Agraria del Ecuador

Docente con siete años de experiencia en la Facultad de Economia Agricola de la Universidad Agraria del Ecuador. Director del Instituto de Economia Agricola y Desarrollo Rural - INEAR, docente investigador representante de investigación de la Facultad de Economia Agricola ante con el Instituto de Investigación de la Universidad Agraria del Ecuador. Docente titular de la asignatura de Historia del Pensamiento Economico

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Published

2020-02-04

Issue

N°. 24: JUL-DEC 2019

Section

Science article

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