Journal
JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT
Volume 27, Issue 8, Pages 985-1009Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/09638199.2018.1481991
Keywords
Globalisation; growth; energy
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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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