Investigating the Nexus between Energy Consumption and Financial Development via Considering Structural Breaks: Empirical Evidence from Argentina

被引:0
|
作者
Abdelhamid, Abdelati [1 ]
Ozatac, Nesrin [1 ]
Taspinar, Nigar [1 ]
机构
[1] Eastern Mediterranean Univ, Dept Banking & Finance, POB 99628, Gazimagusa, Cyprus
关键词
energy consumption; financial development; ARDL; structural breaks; Argentina; FOREIGN DIRECT-INVESTMENT; ECONOMIC GROWTH NEXUS; CARBON EMISSIONS; AMERICA EVIDENCE; LONG-RUN; IMPACT; INCOME; COINTEGRATION; TRADE;
D O I
10.3390/su15118482
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
The purpose of this study was to explore energy consumption and financial development in Argentina from 1965 to 2015. Our results show no significant structural breaks during the analysis. We have found a non-linear, inverted U-shaped relationship between financial development and energy consumption. Moreover, we have observed a bidirectional causality between energy consumption and financial development, as well as a similar relationship between energy consumption and economic growth. We have also observed a unidirectional relationship between financial development to economic growth. Our findings have significant policy implications, highlighting the importance of financial development, economic growth, and urbanization for energy consumption in Argentina.
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页数:14
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