The dynamic nexus of energy consumption, international trade and economic growth in BRICS and ASEAN countries: A panel causality test

Mohammad Mafizur Rahman

Energy, 2021, vol. 229, issue C

Abstract: This study explores the dynamic relationship of energy consumption, international trade and foreign direct investment (FDI) with economic growth for a panel of BRICS and ASEAN countries over the period of 1990–2017 within a multivariate framework. The panel co-integration test, panel quantile regression method, impulse response function and heterogeneous panel causality test are used for empirical investigation. The results reveal the existence of a long-run equilibrium relationship among the variables. In the long run, the effects of energy consumption, international trade, capital and FDI are found to be positive and significant on the economic growth of these countries. The heterogeneous panel causality test results indicate bidirectional causality between energy consumption and economic growth, labour force and economic growth, international trade and energy consumption, and labour force and international trade. A unidirectional causality from economic growth to international trade and FDI, and from international trade and energy consumption to FDI is also identified. The implications of these results are also discussed.

Keywords: Energy consumption; International trade; Economic growth; Panel data; BRICS; ASEAN (search for similar items in EconPapers)
JEL-codes: C33 F14 O40 Q40 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544221009282
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:229:y:2021:i:c:s0360544221009282

DOI: 10.1016/j.energy.2021.120679

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().