Globalisation, Economic Growth and Energy Consumption in the BRICS Region: The Importance of Asymmetries

Muhammad Shahbaz, Syed Jawad Hussain Shahzad, Shaista Alam and Nicholas Apergis ()

MPRA Paper from University Library of Munich, Germany

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 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.

Keywords: Globalisation; Growth; Energy (search for similar items in EconPapers)
JEL-codes: A1 (search for similar items in EconPapers)
Date: 2018-05-02, Revised 2018-05-16
New Economics Papers: this item is included in nep-cis, nep-ene and nep-ets
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

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Journal Article: Globalisation, economic growth and energy consumption in the BRICS region: The importance of asymmetries (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:86979

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