Globalisation, economic growth and energy consumption in the BRICS region: The importance of asymmetries
Muhammad ShahbazEnergy and Sustainable Development, Montpellier Business School, Montpellier, FranceSyed Jawad Hussain ShahzadManagement Sciences, COMSATS Institute of Information Technology, Islamabad, PakistanShaista AlamApplied Economics Research Centre, University of Karachi, Karachi, PakistanNicholas ApergisDepartment of Banking and Financial Management, University of Piraeus, Athens, Greece
2018en
ABI
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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.
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