Financial development and energy consumption: Evidence from Pakistan and Malaysia

被引：45
|
作者：
Kakar, Zaheer Khan [1 ]
机构：
[1] Balochistan Univ Informat Technol Engn & Manageme, Dept Econ, Quetta, Pakistan
来源：
ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY | 2016年 / 11卷 / 09期
关键词：
Cointegration; economic growth; energy consumption; error correction; financial development; Malaysia; Pakistan; TIME-SERIES; COINTEGRATION;
D O I：
10.1080/15567249.2011.603020
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
Even though a number of studies have attempted to determine the relationship between energy consumption and economic growth, not much empirical evidence is available to indicate the direction of the relationship. This article provides dynamic interactions between energy consumption, financial development and economic growth in Pakistan and Malaysia for the period 1980-2010 by employing cointegration and error correction techniques. Granger causality within an error correction framework is used to determine the direction of causality between financial development and energy consumption.
引用
收藏
页码：868 / 873
页数：6
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