Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115433
Authors: 
Jiménez, Raúl
Mercado, Jorge
Year of Publication: 
2013
Series/Report no.: 
IDB Working Paper Series IDB-WP-441
Abstract: 
This paper investigates trends in energy intensity in Latin American countries over the last 40 years. It applies the Fisher Ideal Index to decompose the energy intensity into the relative contributions of energy efficiency and the activity mix, and then analyzes the determinants of these energy indexes through panel data regression techniques. Finally, the paper compares the performance of Latin American countries to that of a similar set of countries chosen through the synthetic control method. The authors find that the energy intensity in Latin American countries has decreased about 20 percent, closing the gap with respect to its synthetic counterfactual. In both Latin American countries and its synthetic control, efficiency improvements drive these changes, while the activity mix component does not represent a clear source of change. The regression analysis shows that per capita income, petroleum prices, fuel-energy mix, and GDP growth are main determinants of energy intensity and efficiency, while there are no clear correlations with the activity component.
Subjects: 
energy intensity
decomposition
panel data
synthetic control method
JEL: 
O5
O13
Q40
Q43
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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