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Determinants of Energy Consumption in MIST Countries

Author

Listed:
  • Zeinegul Yessymkhanova

    (Esil University, Astana, Kazakhstan)

  • Gulmira Azretbergenova

    (Khoja Akhmet Yassawi International Kazakh-Turkish University, Turkestan, Kazakhstan)

  • Salima Mukhiddinova

    (Khoja Akhmet Yassawi International Kazakh-Turkish University, Turkestan, Kazakhstan)

Abstract

In this study, the factors that determine energy consumption are tried to be explained. For this purpose, the factors determining energy consumption are analyzed specifically for MIST (Mexico, Indonesia, South Korea and Turkey) countries, for a period covering the years 2000-2022. In the study, population growth rate, balance of trade in goods and services, GDP, foreign direct investments and energy prices are used as factors determining energy consumption. The results show that the total population growth rate and GDP tend to have a positive impact on energy consumption at the 99% confidence level, while trade openness and foreign direct investments variables affect energy consumption at the 90% confidence level, and this balance exhibits a positive interaction. No significant effect of energy prices on energy consumption was detected.

Suggested Citation

  • Zeinegul Yessymkhanova & Gulmira Azretbergenova & Salima Mukhiddinova, 2024. "Determinants of Energy Consumption in MIST Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(4), pages 317-323, July.
    • Handle: RePEc:eco:journ2:2024-04-28
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    More about this item

    Keywords

    Mexico; Indonesia; South Korea and Turkey Countries; Energy Consumption; Gross Domestic Product; Foreign Direct Ä°nvestment; Population Growth Rate;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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