- Kapadokya Akademik Bakış
- Vol: 1 Issue: 1
- Energy Consumption–Trade Openness – Economic Growth Nexus in G-8 Countries
Energy Consumption–Trade Openness – Economic Growth Nexus in G-8 Countries
Authors : Alper Aslan, Oğuz Öcal, Muhammad Shahbaz
Pages : 71-97
View : 13 | Download : 17
Publication Date : 2017-06-30
Article Type : Research
Abstract :This study aims to examine the relationship between energy consumption-economic growth and energy consumption-international trade (exports and imports) on aggregate level inG-8countries. We use the FMOLS and DOLS and the empirical results show that 1 % increase in economic growth is negatively linked with energy consumption by 0.46-1.22. A 1 % increase in exports and imports increase energy consumption by 0.24-0.32% and 0.13-0.344 % respectively. The unidirectional causality is found running from economic growth, exports and imports to energy consumption.Keywords : International trade, Energy consumption, Economic growth