Relationship Between Trade Openness and Energy Consumption in Oil Importing Asian Countries

Arif, Imtiaz; Kazmi, Syeda Wajiha; Khan, Lubna

doi:10.20547/jfer1702103

Cited by 19 publications

(12 citation statements)

References 28 publications

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“…This approach makes the long-run coefficients to be identical among the cross-sections, but allows the short-run coefficients and error terms to vary across the cross-sections. Because of short-run heterogeneity assumption, PMG estimates are more useful and efficient than MG estimates (Arif et al, 2017). The model equation for PMG estimations can be given as:…”

Section: Pooled Mean Group (Pmg) Estimationsmentioning

confidence: 99%

Trade and financial openness and their impact on financial development

Arif¹,

Rawat

2019

SAJBS

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Purpose The purpose of this paper is to assess the impact of trade and financial sector openness and their simultaneous openness on financial development of South Asia. Design/methodology/approach To serve the purpose, a panel data set of four South Asian economies, namely, India, Pakistan, Sri Lanka and Bangladesh, was constituted for the period spanning from 1996 to 2015. Along with the conventional panel unit root test and co-integration test, pooled mean group estimations were used to formulate the empirical findings. Findings The findings suggested a significant negative impact of financial openness and significant positive impact of trade openness on the financial development of South Asia. The empirical evidence did not support simultaneous openness of trade and financial sector for the studied region. Originality/value The study contributes to the existing literature by analyzing the effect of trade and financial openness on financial development of South Asia. The study provides substantial evidence to the stakeholders for formulating policies that can boost financial development of the region.

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Section: Pooled Mean Group (Pmg) Estimationsmentioning

confidence: 99%

Trade and financial openness and their impact on financial development

Arif¹,

Rawat

2019

SAJBS

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“…One reason for the mixed results that can be found in the literature, may be one important variable: energy price. Trade openness increases energy consumption in the long run, which in turn will increase the energy price, which may have a negative impact on energy consumption (Arif et al, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Other studies consider that trade has no direct effect on renewable energy consumption, but an indirect connection can be made through the transfer of technology (Aïssa et al, 2014). Exterior, international trade will facilitate the transfer of technology (Aïssa et al, 2014;Jebli et al, 2015;Brini et al, 2017;Arif et al, 2017;Nasreen & Anwar, 2014) between countries and will improve renewable energy capabilities and consumption. In turn, the renewable energy will contribute to the decrease of CO2 emissions and will reduce the energy dependency of a country (Jebli et al, 2013).…”

Section: Literature Reviewmentioning

confidence: 99%

Final Consumption and Foreign Trade for Romania and European Union – A Granger causality-based analysis

Păunică

Manole

Motofei

et al. 2021

Proceedings of the International Conference on Business Excellence

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In this paper, the authors seek to analyze if the relationship between final consumption and foreign trade indicators, at a macroeconomic level, manifests as a Granger causality. The graphical representation of the datasets reveals that the evolutions follow a similar pattern (with the exception of the net export). The indicators on both sides of the causality have been widely approached by researchers, as they contribute to the formation of the Gross Domestic Product. The research methodology follows the Toda-Yamamoto procedure for measurement of Granger causality, as the variables were expected to be (and were found to be in the initial step of the data analysis) non-stationary, and the results on the processing in levels can provide more accurate information. The research hypotheses were designed in order to detail the main topic of the paper on foreign trade indicators. None of the hypotheses has been validated, and the authors consider, in the future, the application of other methods to assess the quantitative side of the links between foreign trade and final consumption. The authors consider that a significant contribution brought by this study is the type of data analysis method applied and the approach towards the two macroeconomic components of the economy, for the cases of Romania and the entire European Union, of which Romania is a member.

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“…The immediate danger is to the universal tech supply chain, but any stoppage elevates the likelihood of a global recession. The disagreement has come at a chiefly lousy time (Arif et al, 2017). Leading economies are today witnessing weak expansion with harmful levels emanating from the United Kingdom and Germany and a typical stoppage in the United States, China as well as India.…”

mentioning

confidence: 99%

“…The competition will affect trade flows in the world particularly, in Japan and South Korean trade row, leading to business doubt and confusion. There is a reduced indication as to when such disputes will be handled, or in whose courtesy (Arif et al, 2017). Connect to this the chaos on Brexit, and companies are left unsure of what will transpire next (Baldwin, Richard, & Javier, 2015).…”

mentioning

confidence: 99%

Trade Disagreement Between Japan and South Korea

Wang¹

2019

ABR

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Trade disputes between Japan and South Korea have become increasingly serious. Some people blame the US president for this dispute, while others associate this with the need for the two countries to maintain the upper hand in Asia. Some of the problems are caused by trade restrictions and mutual embargoes between the two countries, all of which are aimed at achieving hegemony. Realism insists that the state develops on a self-sufficient basis, and the fundamental reason for its availability is to strengthen its own strength to help them get assistance in advance. The study will seek to assess whether Japan is willing to strengthen and congest power by undermining the Korean budget. Liberal internationalism assumes that the current global order may create peace, and global cooperation is an effective way to improve national interests. This view will assess whether Japan and South Korea will resolve their problems in a sincere manner and whether the United States will take a more active stance when making a resolution.

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Relationship Between Trade Openness and Energy Consumption in Oil Importing Asian Countries

Cited by 19 publications

References 28 publications

Trade and financial openness and their impact on financial development

Trade and financial openness and their impact on financial development

Final Consumption and Foreign Trade for Romania and European Union – A Granger causality-based analysis

Trade Disagreement Between Japan and South Korea

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