Article 2024 · 0 atıf

The effect of stock market and banking sector developments on energy consumption in BRICS : Evidence from panel vector autoregressive analysis

Logun, Anil, Alpagut, Serhat, Aydin, Rahman

Özet

Energy is an important resource in the economic development of countries. While it is used as an input in production, it also has an important usage area in consumption. For these reasons, the factors affecting energy use have been the subject of many studies. This study examines the impact of financial development (FD) on energy consumption (EC) in BRICS countries (Brazil, Russia, India, China, and South Africa). In the study, EC, FD, economic growth, foreign direct in - vestments and total trade (%GDP) variables for the period 1994-2017 were examined with the help of the PVAR (panel vector autoregressive) model. According to the findings, there is a uni - directional relationship from both EC and economic growth to the development of the banking sector.

Anahtar Kelimeler

Financial development energy consumption banking sector panel causality panel vector autoregressive model FINANCIAL DEVELOPMENT CONTRIBUTE UNIT-ROOT TESTS ECONOMIC-GROWTH CO2 EMISSIONS ELECTRICITY CONSUMPTION NEXUS IMPACT INVESTMENT COUNTRIES NIGERIA

WoS Kategorileri

Economics

Sürdürülebilir Kalkınma Amaçları

İnsana Yakışır İş ve Ekonomik Büyüme Sorumlu Üretim ve Tüketim İklim Eylemi Erişilebilir ve Temiz Enerji Sanayi, Yenilikçilik ve Altyapı

Künye

Dergi: EKONOMSKI PREGLED
Yıl: 2024
Cilt: 75
Sayı: 3
Sayfa: 221-240
ISSN: 0424-7558
eISSN: 1848-9494
DOI: 10.32910/ep.75.3.1
WoS UID: WOS:001245159400001

Yayını aç (DOI)