EN
How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries
Abstract
This study analyzes the causality and cointegration correlation between the series using total energy consumption, economic growth, and globalization data of BRIC countries (Brazil, Russia, India, China) in 2000-2012 period. Unit roots of the series were extracted in empirical part in order to make them stationary. Then, Pedroni and Kao cointegration and Granger causality analysis panel were used. As a result of the cointegration analysis, it was observed that the series were cointegrated in the long term. On the other hand, causality analysis results suggested a unidirectional causality correlation from total energy consumption to economic growth, and another unidirectional causality correlation from globalization to economic growth. Lastly, no causality correlation between energy consumption and globalization was found.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
December 1, 2016
Submission Date
December 1, 2016
Acceptance Date
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Published in Issue
Year 2016 Volume: 6 Number: 4
APA
Dogan, B., & Deger, O. (2016). How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries. International Journal of Energy Economics and Policy, 6(4), 806-813. https://izlik.org/JA35ME35JG
AMA
1.Dogan B, Deger O. How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries. IJEEP. 2016;6(4):806-813. https://izlik.org/JA35ME35JG
Chicago
Dogan, Buhari, and Osman Deger. 2016. “How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries”. International Journal of Energy Economics and Policy 6 (4): 806-13. https://izlik.org/JA35ME35JG.
EndNote
Dogan B, Deger O (December 1, 2016) How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries. International Journal of Energy Economics and Policy 6 4 806–813.
IEEE
[1]B. Dogan and O. Deger, “How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries”, IJEEP, vol. 6, no. 4, pp. 806–813, Dec. 2016, [Online]. Available: https://izlik.org/JA35ME35JG
ISNAD
Dogan, Buhari - Deger, Osman. “How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries”. International Journal of Energy Economics and Policy 6/4 (December 1, 2016): 806-813. https://izlik.org/JA35ME35JG.
JAMA
1.Dogan B, Deger O. How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries. IJEEP. 2016;6:806–813.
MLA
Dogan, Buhari, and Osman Deger. “How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries”. International Journal of Energy Economics and Policy, vol. 6, no. 4, Dec. 2016, pp. 806-13, https://izlik.org/JA35ME35JG.
Vancouver
1.Buhari Dogan, Osman Deger. How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries. IJEEP [Internet]. 2016 Dec. 1;6(4):806-13. Available from: https://izlik.org/JA35ME35JG