Globalisation, economic growth and energy consumption in the BRICS region: The importance of asymmetries. Issue 8 (17th November 2018)

• Record Type: Journal Article
• Authors: Shahbaz, Muhammad; Shahzad, Syed Jawad Hussain; Alam, Shaista; Apergis, Nicholas
• Is Part Of: Journal of international trade & economic development. Volume 27:Issue 8(2018)
• Page Start: 985
• Page End: 1009
• Publication Date: 2018-11-17
• Subjects: Globalisation -- growth -- energy; F1 -- O4 -- Q4; International trade -- Periodicals; Economic development -- Periodicals; 337
• DOI: 10.1080/09638199.2018.1481991
• Languages: English
• ISSNs: 0963-8199

Abstract

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.