Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies

Naser, Hanan

doi:10.1016/j.energy.2015.05.115

Cited by 58 publications

(26 citation statements)

References 88 publications

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“…Conservative energy policies can decrease the economic growth for emerging economies. Furthermore, there exist long run relationship between energy consumption and economic growth (Naser, 2015). Mehrara (2007) put lights on the relationship between energy consumption and economic growth for oil exporting economies.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Hence, economies are striving to make efficient use of energy resources. Thus, since last decade existing stream of literature have documented various studies that have explored the relationship between energy consumption and financial development (Ahmed, Riaz, Khan, & Bibi, 2015;Hasnaoui, 2014;Naser, 2015;Wu & Broadstock, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

“…It is also essential to uncover the impact of fluctuations in oil prices and its respective impact on the economic growth. Hence, the existing body of literature has documented the relationship between energy consumption and financial development of economies in great deal for instance (Ç oban & Topcu, 2013;Komal & Abbas, 2015;Naser, 2015;Sadorsky, 2011;Wu & Broadstock, 2015). However, no final consensus have been established so for.…”

Section: Introductionmentioning

confidence: 99%

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An Empirical Analysis of the Impact of Energy Consumption on the Financial Development of the Emerging Economies: A Moderating Role of Oil Prices

Mahmood

Saleem

2016

IJEF

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This research empirically analyzes the relationship between energy consumption and financial development by making use of secondary data for 22 emerging economies over the period of 1999-2012. Moreover, this paper also spotlights the moderating role of oil prices. Furthermore, financial development is measured by utilizing of various proxies relevant to banking sector and stock market as well. Hence, the findings of the research reveals that oil prices negatively moderates the relationship between energy consumption and financial development. Moreover, results highlight that measures used to calculate financial development are also of key concern to explore the relationship between energy consumption and financial development.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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An Empirical Analysis of the Impact of Energy Consumption on the Financial Development of the Emerging Economies: A Moderating Role of Oil Prices

Mahmood

Saleem

2016

IJEF

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“…Accordingly, accounting for countries individual characteristics require using time series data. In addition, the interaction between nuclear energy consumption and the fluctuations in oil market has paid lower attention in the literature (Lee and Chiu 2011a, b;Naser 2014Naser , 2015a.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Given that few studies attempt to examine the causal linkage between the proposed energy consumption variables an economic growth such that of Lee and Chiu (2011a, b) and Naser (2014Naser ( , 2015a, the purpose of this paper is to fill this gap by investigating the long-run relationship between oil consumption, nuclear energy consumption, oil price, and economic growth using Johansen cointegration analysis.…”

Section: Introductionmentioning

confidence: 99%

On the cointegration and causality between oil market, nuclear energy consumption, and economic growth: evidence from developed countries

Naser

2017

Energ. Ecol. Environ.

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This study uses Johansen cointegration technique to examine both the equilibrium relationship and the causality between oil consumption, nuclear energy consumption, oil price and economic growth. To do so, four industrialized countries including the USA, Canada, Japan, and France are investigated over the period from 1965 to 2010. The cointegration test results suggest that the proposed variables tend to move together in the long run in all countries. In addition, the causal linkage between the variables is scrutinized through the exogeneity test. The results point that energy consumption (i.e., oil or nuclear) has either a predictive power for economic growth, or feedback impact with real GDP growth in all countries. Results suggest that oil consumption is not only a major factor of economic growth in all the investigated countries, it also has a predictive power for real GDP in the USA, Japan, and France. Precisely, increasing oil consumption by 1% increases the economic growth in Canada by 3.1%., where increasing nuclear energy consumption by 1% in Japan and France increases economic growth by 0.108 and 0.262%, respectively. Regarding nuclear energy consumption-growth nexus, results illustrate that nuclear energy consumption has a predictive power for real economic growth in the USA, Canada, and France. On the basis of speed of adjustment, it is concluded that there is bidirectional causality between oil consumption and economic growth in Canada. On the other hand, there is bidirectional causal relationship between nuclear energy consumption and real GDP growth in Japan.

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Revisiting the nuclear energy‐income nexus in Europe: An application of the JKS panel causality test with cross‐sectional dependence and heterogeneity

Simionescu

Schneider

2022

Intl J of Energy Research

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Summary The EU countries are facing a burning debate with regard to the nature and amount of decarbonized energy used within the supply mix. This study highlights the role of nuclear power and renewable energy use in achieving economic growth in Europe. Capital, labour, exports, and trade openness series are included within a multivariate framework spanning the 1986 to 2019 period and a two‐step methodology is implemented. First, a panel causality analysis over the top 10 nuclear energy‐consuming EU countries is conducted using the panel non‐causality test from Juodis, Karavias and Sarafidis (2021), robust under large cross‐sectional and time‐series dimensions, as well as heterogeneous coefficients. Second, a sub‐set of three states (Germany, Spain, and France) that are different in terms of long‐run nuclear energy policies is selected and a single‐country time‐series assessment is performed using the vector error correction model, causality tests, as well as impulse response functions. Panel EU results support the “conservation hypothesis” for both nuclear and renewable resources, without feedback effect. The country‐level estimates fail to provide homogeneous results since no causal link is found between economic growth and renewable energy use for Spain and France (confirmation of “neutral hypothesis”). A weak causality from renewable energy use to output growth is observed for Germany, while economic growth enhances the nuclear energy consumption in Spain.

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Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies

Cited by 58 publications

References 88 publications

An Empirical Analysis of the Impact of Energy Consumption on the Financial Development of the Emerging Economies: A Moderating Role of Oil Prices

An Empirical Analysis of the Impact of Energy Consumption on the Financial Development of the Emerging Economies: A Moderating Role of Oil Prices

On the cointegration and causality between oil market, nuclear energy consumption, and economic growth: evidence from developed countries

Revisiting the nuclear energy‐income nexus in Europe: An application of the JKS panel causality test with cross‐sectional dependence and heterogeneity

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