Economic growth, price and power consumption in Mexico

Juan Marroquín-Arreola, Humberto Ríos-Bolívar


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.


Energy; Endogenous growth; Panel


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