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The Nexus between Energy Consumption and Financial Development with Asymmetric Causality Test: New Evidence from Newly Industrialized Countries

Year 2014, Volume: 4 Issue: 1, 83 - 91, 01.03.2014

Feyyaz Zeren Mustafa Koc

https://izlik.org/JA98WE87ZR

Abstract

In this study, the relationship between energy consumption and financial development is investigated via Hatemi-J asymmetric causality test (2012) which is able to separate positive and negative shocks in analysis. In order to determine different dimensions of financial system, deposit money bank assets to GDP (dbagdp), financial system deposits to GDP (fdgdp) and private credit to GDP (pcrdbgdp) were used as three different indicators. As a result of this study on Newly Industrialized 7 Countries spanning the period 1971 till 2010, both positive and negative shocks existed for Malaysia and Mexico, causality from energy consumption to financial developments emerged for Philippines in only negative shocks. While two-way causality occurred for India, Turkey and Thailand, there was not for South Africa.

Keywords

energy consumption financial development newly industrialized countries asymmetric causality

Year 2014, Volume: 4 Issue: 1, 83 - 91, 01.03.2014

Feyyaz Zeren Mustafa Koc

https://izlik.org/JA98WE87ZR

Abstract

There are 0 citations in total.

Details

Other ID JA97SE56ZS
Authors

Feyyaz Zeren This is me

Mustafa Koc This is me

Publication Date March 1, 2014
IZ https://izlik.org/JA98WE87ZR
Published in Issue Year 2014 Volume: 4 Issue: 1

Cite

APA Zeren, F., & Koc, M. (2014). The Nexus between Energy Consumption and Financial Development with Asymmetric Causality Test: New Evidence from Newly Industrialized Countries. International Journal of Energy Economics and Policy, 4(1), 83-91. https://izlik.org/JA98WE87ZR
AMA 1.Zeren F, Koc M. The Nexus between Energy Consumption and Financial Development with Asymmetric Causality Test: New Evidence from Newly Industrialized Countries. IJEEP. 2014;4(1):83-91. https://izlik.org/JA98WE87ZR
Chicago Zeren, Feyyaz, and Mustafa Koc. 2014. “The Nexus Between Energy Consumption and Financial Development With Asymmetric Causality Test: New Evidence from Newly Industrialized Countries”. International Journal of Energy Economics and Policy 4 (1): 83-91. https://izlik.org/JA98WE87ZR.
EndNote Zeren F, Koc M (March 1, 2014) The Nexus between Energy Consumption and Financial Development with Asymmetric Causality Test: New Evidence from Newly Industrialized Countries. International Journal of Energy Economics and Policy 4 1 83–91.
IEEE [1]F. Zeren and M. Koc, “The Nexus between Energy Consumption and Financial Development with Asymmetric Causality Test: New Evidence from Newly Industrialized Countries”, IJEEP, vol. 4, no. 1, pp. 83–91, Mar. 2014, [Online]. Available: https://izlik.org/JA98WE87ZR
ISNAD Zeren, Feyyaz - Koc, Mustafa. “The Nexus Between Energy Consumption and Financial Development With Asymmetric Causality Test: New Evidence from Newly Industrialized Countries”. International Journal of Energy Economics and Policy 4/1 (March 1, 2014): 83-91. https://izlik.org/JA98WE87ZR.
JAMA 1.Zeren F, Koc M. The Nexus between Energy Consumption and Financial Development with Asymmetric Causality Test: New Evidence from Newly Industrialized Countries. IJEEP. 2014;4:83–91.
MLA Zeren, Feyyaz, and Mustafa Koc. “The Nexus Between Energy Consumption and Financial Development With Asymmetric Causality Test: New Evidence from Newly Industrialized Countries”. International Journal of Energy Economics and Policy, vol. 4, no. 1, Mar. 2014, pp. 83-91, https://izlik.org/JA98WE87ZR.
Vancouver 1.Feyyaz Zeren, Mustafa Koc. The Nexus between Energy Consumption and Financial Development with Asymmetric Causality Test: New Evidence from Newly Industrialized Countries. IJEEP [Internet]. 2014 Mar. 1;4(1):83-91. Available from: https://izlik.org/JA98WE87ZR