IDEAS home Printed from https://ideas.repec.org/a/sae/engenv/v33y2022i7p1396-1416.html
   My bibliography  Save this article

Economic globalization and energy consumption patterns in Organisation for Economic Co-operation and Development economies

Author

Listed:
  • Hemachandra Padhan
  • Santosh Kumar Sahu
  • Umakant Dash

Abstract

This study examines the impact of economic globalization on the patterns of energy consumption for 24 Organisation for Economic Co-operation and Development (OECD) economies from 1995 to 2015. We employ Westerlund cointegration, which shows a long-run association between economic globalization and energy consumption patterns. Furthermore, cross-sectional autoregressive distributed lag models (CS-ARDL) results explain the short-run and long-run relationship between the series. The results further explain that economic globalization reduces oil and coal consumption while accelerating gas consumption in OECD economies. We additionally employ the Eberhardt augmented mean group test to verify consistency with CS-ARDL results. The empirical evidence of this study suggests that OECD economies’ policymakers should prioritize economic globalization in framing policies related to energy consumption. Furthermore, allocating funds for better technology related to high polluting fuels should be one of the crucial considerations arising from this study. Finally, we recommend economic globalization as an important indicator to address the issues related to OECD economics’ environmental and ecological footprints.

Suggested Citation

  • Hemachandra Padhan & Santosh Kumar Sahu & Umakant Dash, 2022. "Economic globalization and energy consumption patterns in Organisation for Economic Co-operation and Development economies," Energy & Environment, , vol. 33(7), pages 1396-1416, November.
    • Handle: RePEc:sae:engenv:v:33:y:2022:i:7:p:1396-1416
    DOI: 10.1177/0958305X211042537
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0958305X211042537
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0958305X211042537?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:engenv:v:33:y:2022:i:7:p:1396-1416. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.