A Review of Energy Consumption and Financial Development Nexus

Samuel Yeboah, Ohene Manu and T. B. Wereko

International Journal of Management Sciences, 2013, vol. 1, issue 11, 456-462

Abstract: The paper contribute to the body of knowledge in the area of energy and fiancé by reviewing empirical works to assess the link and causality between energy consumption and financial development. This paper is of paramount importance in the face of energy crisis in both developed and developing economies. These findings have been mixed or inconsistent. In some studies there is unidirectional causality while as in other studies there is bidirectional causality. This calls for further studies to contribute to the debate using multiple models in a single study.

Keywords: Financial Development; Stock market; Energy; Uni-directional causality; Bi-directional Causality. (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:rss:jnljms:v1i11p4

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