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Globalisation, economic growth and energy consumption in the BRICS region: The importance of asymmetries

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  • Muhammad Shahbaz
  • Syed Jawad Hussain Shahzad
  • Shaista Alam
  • Nicholas Apergis

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.

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  • Muhammad Shahbaz & Syed Jawad Hussain Shahzad & Shaista Alam & Nicholas Apergis, 2018. "Globalisation, economic growth and energy consumption in the BRICS region: The importance of asymmetries," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 27(8), pages 985-1009, November.
  • Handle: RePEc:taf:jitecd:v:27:y:2018:i:8:p:985-1009
    DOI: 10.1080/09638199.2018.1481991
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