Globalisation,economic growth and energy consumption in the BRICS region: The importance of asymmetries |
| |
| Authors: | Muhammad Shahbaz Syed Jawad Hussain Shahzad Shaista Alam Nicholas Apergis |
| |
| Institution: | 1. Energy and Sustainable Development, Montpellier Business School, Montpellier, France;2. Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan;3. Applied Economics Research Centre, University of Karachi, Karachi, Pakistan;4. Department of Banking and Financial Management, University of Piraeus, Athens, Greece |
| |
| Abstract: | This paper examines the asymmetric impact of globalisation and economic growth on energy consumption in BRICS countries, applying the NARDL bounds approach to explore the presence of asymmetric cointegration across variables. The empirical results reveal that energy consumption is positively and negatively affected by the positive and negative globalisation shocks, respectively. A positive shock in economic growth promotes energy consumption, while a negative shock reduces energy consumption. |
| |
| Keywords: | Globalisation growth energy |
|
|
