 Relationship between Trade Openness and Energy Consumption in Oil Importing Asian CountriesJournal of Finance and Economics Research, 2017, vol. 2, issue 1, 30-39 Abstract: The present study intended to examine the impact of trade on energy consumption using data of four oil importing, heavily populated, and developing economies of Asia namely Pakistan, India, China and Bangladesh. The study covers the period of 1972 to 2011. The data was checked for the Cross-sectional Dependency using CD-test, then CIPS panel unit root test, Panel cointegration, and Pooled Mean Group estimates approaches were used. Empirical results confirmed the Long-run relationship between energy consumption and trade openness. This study confirms the influence of trade on energy consumption and that they are positively related. International trade increases the energy demand and economic activities. However, high energy demand causes high energy price which negatively impacts on energy consumption and hence reduces the energy consumption. Therefore, there are many implications for the energy conservation and trade policy makers to consider in all four countries. Keywords: Energy consumption; energy price; trade openness; gross domestic product; Asian developing countries. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:gei:jnlfer:v:2:y:2017:i:1:p:30-39 Access Statistics for this article Journal of Finance and Economics Research is currently edited by Imtiaz ARIF and Syed Ali Raza More articles in Journal of Finance and Economics Research from Geist Science, Iqra University, Faculty of Business Administration |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.