Globalisation, economic growth and energy consumption in the BRICS region: the importance of asymmetries.
AffiliationMontpelier Business School
COMSATS Institute of InformationTechnology
University of Karachi
University of Piraeus
MetadataShow full item record
AbstractThis 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 reveals 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.
CitationShahbaz, M. (2018) ‘Globalisation, economic growth and energy consumption in the BRICS region: the importance of asymmetries’, Journal of International Trade & Economic Development, 27 (8), pp. 985-1009. doi: 10.1080/09638199.2018.1481991
PublisherTaylor & Francis
JournalJournal of International Trade & Economic Development