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
相关论文
共 50 条
  • [41] The nexus between financial development and energy consumption in the EU: A dynamic panel data analysis
    Coban, Serap
    Topcu, Mert
    [J]. ENERGY ECONOMICS, 2013, 39 : 81 - 88
  • [42] Role of Financial Development on Entrepreneurship in the Emerging Market Economies
    Kar, Muhsin
    Ozsahin, Serife
    [J]. ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES, 2016, 11 (03): : 131 - 151
  • [43] Financial Development and Poverty Reduction in Emerging Market Economies
    Bayar, Yilmaz
    [J]. PANOECONOMICUS, 2017, 64 (05) : 593 - 606
  • [44] The Nexus among Agriculture Sector Development and Environmental Degradation in Emerging Economies
    Altinoz, Buket
    [J]. ETIKONOMI, 2022, 21 (02): : 239 - 250
  • [45] Assessing the impact of renewable energy and financial development on environment quality in Asian emerging economies (AEEs)
    Yousaf, Usman Saleem
    Ali, Farhan
    Aziz, Babar
    Hussain, Shahzad
    Sawar, Saima
    [J]. ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY, 2024,
  • [46] Financial development and economic growth nexus in SSA economies: The moderating role of telecommunication development
    Junior Abeka, Mac
    Andoh, Eric
    Gatsi, John Gartchie
    Kawor, Seyram
    [J]. COGENT ECONOMICS & FINANCE, 2021, 9 (01):
  • [47] Does financial liberalization lead to financial development? Evidence from emerging economies
    Mukherjee, Paramita
    Roy Chowdhury, Sahana
    Bhattacharya, Poulomi
    [J]. JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT, 2021, 30 (08): : 1263 - 1287
  • [48] On the nexus between energy efficiency, financial inclusion and environment: Evidence from emerging seven economies using novel research methods
    Lin, Shu
    Wu, Rengmei
    [J]. ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, 2022, 35 (01): : 6756 - 6779
  • [49] Does globalization mitigate environmental degradation in selected emerging economies? assessment of the role of financial development, economic growth, renewable energy consumption and urbanization
    Cetin, Murat
    Sariguel, Sevgi Sumerli
    Topcu, Betul Altay
    Alvarado, Rafael
    Karataser, Buesra
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2023, 30 (45) : 100340 - 100359
  • [50] Does globalization mitigate environmental degradation in selected emerging economies? assessment of the role of financial development, economic growth, renewable energy consumption and urbanization
    Murat Çetin
    Sevgi Sümerli Sarıgül
    Betül Altay Topcu
    Rafael Alvarado
    Büşra Karataser
    [J]. Environmental Science and Pollution Research, 2023, 30 : 100340 - 100359
12345