Financial development and energy consumption nexus in emerging economies

被引：49
|
作者：
Destek, Mehmet Akif [1 ]
机构：
[1] Gaziantep Univ, Dept Econ, TR-27310 Gaziantep, Turkey
来源：
ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY | 2018年 / 13卷 / 01期
关键词：
Energy consumption; financial development; energy price; cross-sectional dependence; emerging economies; HETEROGENEOUS PANELS; CARBON EMISSIONS; LONG-RUN; OPENNESS; GROWTH;
D O I：
10.1080/15567249.2017.1405106
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：
This study aims to examine the relationship between financial development, energy price, real income, and energy consumption in 17 emerging economies. In doing so, the financial development has been handled with three different dimensions (banking sector, stock market, and bond market) and the effects of each financial development dimension on energy consumption is investigated. For this purpose, the annual data of 1991-2015 are analyzed using the common correlated effect (CCE) estimator to take into account the cross-sectional dependence. The results show that bond market development is the most efficient dimension to reduce the energy consumption.
引用
收藏
页码：76 / 81
页数：6
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