Are There Spillovers from China on the Global Energy-Growth Nexus? Evidence from Four World Regions

Marques, Luís Miguel; Fuinhas, José Alberto; Marques, António Cardoso

doi:10.3390/economies7020059

Cited by 11 publications

(11 citation statements)

References 40 publications

(49 reference statements)

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“…Marques et al . (2019) explained the spillover effects of Chinese energy consumption and economic growth on America (North and South), Europe and Central Asia, Asia Pacific, and Africa, and the Middle East using time series data covering the period of 1970 to 2016. The study used an autoregressive distributed lag (ARDL) approach to cointegration and the Granger causality test, which established the feedback hypothesis in the short run for all regions.…”

Section: Review Of Literaturementioning

confidence: 99%

Energy consumption–economic growth nexus within the purview of exogenous and endogenous dynamics: evidence from Bangladesh

Islam¹,

Islam

2021

OPEC Energy Review

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This paper investigates the nexus between energy consumption and economic growth in Bangladesh over the period 1971–2018 using the autoregressive distributed lag (ARDL) approach to cointegration. The main contribution of this study is the inclusion of exogenous dynamic (globalisation) and endogenous factor (political risk indicator measured by political terror scale (PTS)) to the energy consumption–economic growth nexus. The study explores an energy consumption–economic growth nexus where globalisation and PTS have both positive and negative influences on this relationship in the short run and long run. The Toda–Yamamoto Granger causality test confirms the feedback hypothesis, that is bidirectional causal relationship between energy consumption and economic growth, and the result is further verified by the impulse response function. Therefore, policymakers should enhance the availability of energy for people and industries to continue the existing momentum of economic growth. Besides, the government should cautiously deal with both the globalisation and political risk issues about energy consumption–economic growth nexus in Bangladesh.

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Section: Review Of Literaturementioning

confidence: 99%

Energy consumption–economic growth nexus within the purview of exogenous and endogenous dynamics: evidence from Bangladesh

Islam¹,

Islam

2021

OPEC Energy Review

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“…China's CO2 emissions' and money supply's spillover effects on the world energygrowth nexus are evaluated from 1977 to 2016. To do so, we followed the empirical approach of Marques et al (2019). The GDP (Y) is measured in constant 2010 dollars, China's CO2 emissions (CO2) are measured in kilotonnes, and China's Broad Money in % of GDP (M3) was extracted from the World Bank's Development Indicators.…”

Section: Methodsmentioning

confidence: 99%

“…Afterward, the Granger Causality is applied. The use of Toda and Yamamoto (1995) Granger Causality to assess causality after an ARDL approach is far from new in the literature, e.g., (Marques et al 2019;Uzar and Eyuboglu 2019;Nusair and Olson 2021). 3)-( 6), 20 ARDL models have been developed.…”

Section: Methodsmentioning

confidence: 99%

“…Following this path of research, analyzing the spillover effects of previously cited variables, such as financial development, population and urbanization, among others, could represent an added value to policymakers, namely by focusing it on the countries with the ability to promote changes in world nexus behaviors, such as China. For instance, Marques et al (2019) analyzed China's energy consumption and economic growth impacts on four world regions. They concluded that China's energy consumption and economic growth have heterogenous long-run impacts across the world.…”

Section: Literature Reviewmentioning

confidence: 99%

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China’s Effect on World Energy-Growth Nexus: Spillovers Evidence from Financial Development and CO2 Emissions

2021

Self Cite

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This paper aims to extend the literature on the impacts of China’s policies on the world energy–growth nexus by analyzing the spillover effects of financial development and CO2 emissions. An autoregressive distributed lag approach was applied to annual series data from 1977 to 2016. Models for four world regions were developed, as well as a global model. The results reveal the traditional feedback hypothesis on the whole, both in the short- and long-run. Additionally, the results support that China’s CO2 emission and financial development promote world energy consumption. In regard to the four world regions, heterogeneous results were observed. Overall, China’s financial development and CO2 emissions also have heterogenous worldwide impacts with distinct magnitudes. Accordingly, no country should be indifferent to China’s policies, and independence should be promoted for Europe, Central Asia and Asia Pacific aggregates.

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“…ARDL models are among the popular and frequently used approaches in econometric studies, see, e.g., (Marques et al 2019;Menegaki 2019;Kochetkov 2012;Khan et al 2019;Obradovic et al 2017;Ridzuan et al 2017;Kurecic and Kokotovic 2017).…”

Section: Models and Methodsmentioning

confidence: 99%

Development of Military Spending Determinants in Baltic Countries—Empirical Analysis

Odehnal

Neubauer

Dyčka³

et al. 2020

Economies

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The article presents the use of the ARDL model to identify military expenditure determinants of the Baltic States (Lithuania, Latvia, and Estonia). Factors influencing military expenditure include the variables characterizing the economic environment of the analyzed countries (GDP per Capita, Government Deficit/Surplus, General Government Gross Debt, Inflation), and the security environment measured by Risk of Foreign Pressures, Risk of Cross-border Conflict, and Democratic Accountability. General conclusions about the analysis of relationships between the military expenditure level and selected economics and security determinants were confirmed in the cases of Government Deficit/Surplus, GDP per Capita and Inflation. The results, therefore, indicate that the military expenditure of Estonia and Lithuania depended on the state budget deficit where military expenditure tended to go down in relation to an increasing deficit within the assessed period. As far as Estonia is concerned, the findings about relationship between the economic position and military expenditure was validated as an increasing economic performance tended to increase military expenditure.

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Are There Spillovers from China on the Global Energy-Growth Nexus? Evidence from Four World Regions

Cited by 11 publications

References 40 publications

Energy consumption–economic growth nexus within the purview of exogenous and endogenous dynamics: evidence from Bangladesh

Energy consumption–economic growth nexus within the purview of exogenous and endogenous dynamics: evidence from Bangladesh

China’s Effect on World Energy-Growth Nexus: Spillovers Evidence from Financial Development and CO2 Emissions

Development of Military Spending Determinants in Baltic Countries—Empirical Analysis

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