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 ()

The Journal of International Trade & Economic Development, 2018, vol. 27, issue 8, 985-1009

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 reveal 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.

Date: 2018
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Working Paper: 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:taf:jitecd:v:27:y:2018:i:8:p:985-1009

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DOI: 10.1080/09638199.2018.1481991

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