Alper ASLAN, Oğuz ÖCAL, Muhammad SHAHBAZ

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Energy Consumption–Trade Openness – Economic Growth Nexus in G-8 Countries

This study aims to examine the relationship between energy consumption-economic growth and energy consumption-international trade (exports and imports) on aggregate level inG-8countries. We use the FMOLS and DOLS and the empirical results show that 1 % increase in economic growth is negatively linked with energy consumption by 0.46-1.22. A 1 % increase in exports and imports increase energy consumption by 0.24-0.32% and 0.13-0.344 % respectively. The unidirectional causality is found running from economic growth, exports and imports to energy consumption.
Anahtar Kelimeler:

International trade, Energy consumption, Economic growth

Energy Consumption–Trade Openness – Economic Growth Nexus in G-8 Countries

This study aims to examine the relationship between energy consumption-economic growth and energy consumption-international trade (exports and imports) on aggregate level inG-8countries. We use the FMOLS and DOLS and the empirical results show that 1 % increase in economic growth is negatively linked with energy consumption by 0.46-1.22. A 1 % increase in exports and imports increase energy consumption by 0.24-0.32% and 0.13-0.344 % respectively. The unidirectional causality is found running from economic growth, exports and imports to energy consumption.
Keywords:

International trade, Energy consumption, Economic growth,

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Kapadokya Akademik Bakış-Cover
  • ISSN: 2602-3474
  • Yayın Aralığı: Yıllık
  • Başlangıç: 2017
  • Yayıncı: Nevşehir Hacı Bektaş Veli Üniversitesi
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