Economic growth, price and power consumption in Mexico

Juan Marroquín-Arreola, Humberto Ríos-Bolívar

Abstract


The aim of this paper is to empirically assess the role of energy prices on economic growth in Mexico. For this purpose, an endogenous growth model of two sectors showing the relationship between energy price growth in output and energy consumption is exposed. The results show that the growth rate of production and consumption of energy are negatively affected by the growth rate of energy prices.


Keywords


Energy; Endogenous growth; Panel

References


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    Ensayos Revista de Economía, Vol. 36, No. 2, Octubre 2017, es una publicación semestral editada por la Universidad Autónoma de Nuevo León, a través de la Facultad de Economía con la colaboración del Centro de Investigaciones Económicas, Av. Lázaro Cárdenas 4600 Ote., Fracc. Residencial Las Torres, Monterrey, N.L. C.P. 64930. Tel. +52 (81) 8329 4150 Ext. 2463 Fax. +52 (81) 8342 2897. Editor Responsable: Edgar M. Luna, Reserva de Derechos al Uso Exclusivo No. 04-2015-091013542400-203, ISSN 2448-8402, ambos otorgados por el Instituto Nacional del Derecho de Autor. Responsable de la última actualización de este Número, Facultad de Economía UANL, M.C. Hans Y. Martinez Torres, Av. Lázaro Cárdenas 4600 Ote., Fracc. Residencial Las Torres, Monterrey, N.L. C.P. 64930. Tel. +52 (81) 8329 4150. Fecha última de actualización 28 de Septiembre de 2017.

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