Energy consumption and projected growth in selected Caribbean countries |
| |
| Authors: | Brian M. Francis Leo Moseley Sunday Osaretin Iyare |
| |
| Affiliation: | aDepartment of Economics, University of the West Indies, Cave Hill Campus, P.O. Box 64, Bridgetown, St. Michael, Barbados;bDepartment of Computer Science, Mathematics and Physics, University of the West Indies, Cave Hill Campus, P.O. Box 64, Bridgetown, Barbados;cDepartment of Economics and Director of Solar Energy Management, University of the West Indies, Cave Hill Campus, P.O. Box 64, Bridgetown, Barbados |
| |
| Abstract: | This paper examines two issues that are central to the understanding of the need to increase efficiency in the use, distribution, and production of energy in the Caribbean region. The empirical results of this Paper suggest the following: first, the three Caribbean countries provide evidence of short-run bi-directional Granger-causality from energy consumption to real gross domestic product per capita. Second, the forecasts with A BVAR model indicate that significant growth in energy demand could be expected in Haiti, Jamaica, and Trinidad and Tobago until at least 2010. Third, the increased growth in energy consumption suggests the need for long-term commitments from Caribbean countries to undertake a series of policy, economic, market, and research and development measures to advance the adoption and deployment of new energy technologies. |
| |
| Keywords: | Caribbean Energy consumption Granger-causality Bayesian Vector Autoregression (BVAR) |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
