Journal
JOURNAL OF CLEANER PRODUCTION
Volume 197, Issue -, Pages 708-720Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.jclepro.2018.06.152
Keywords
Energy consumption; Economic growth; Panel dynamic OLS
Categories
Funding
- State Grid Corporation technology project (WBS) [521104170015]
- Report Series from Ministry of Education of China [10JBG013]
- China National Social Science Fund [17AZD013]
Ask authors/readers for more resources
This research examines the interactions between economic growth, energy consumption and foreign direct investment among other factors using a panel dynamic ordinary least squares model for Mexico, Indonesia, Nigeria and Turkey (MINT), because they are emerging economies, have large population and favorable demography with high expectation for strong economic growth. To make the analysis more homogenous, these interactions were examined for individual country and as a group from 1990 to 2014 and coefficients of their long run economic growth function estimated. There exist a bi-directional causal relationships between economic growth, energy consumption and FDI inflows for Mexico, a bidirectional causal relationships between economic growth and energy consumption, between economic growth and FDI inflows, and an uni-directional causal relationship from FDI to energy consumption for Indonesia. There also exist a bi-directional causal relationships between economic growth and energy consumption, between economic growth and FDI inflows, and an uni-directional causal relationship from FDI to energy consumption for Nigeria while Turkey had a bi-directional causal relationships between economic growth, energy consumption and FDI inflows. Global panel reveals that there exist a bi-directional causal relationships between economic growth and energy consumption, between economic growth and FDI inflows and an uni-directional causal relationship from FDI to energy consumption. Diversification of economy to improve labor productivity is encouraged and over reliance on fossil fuel should be minimized. (C) 2018 Elsevier Ltd. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available