IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-319-99555-7_8.html
   My bibliography  Save this book chapter

Examining the Linkages Between Financial Development and Energy Consumption in India

In: Current Issues in the Economy and Finance of India

Author

Listed:
  • Seema Saini

    (IIT Kanpur)

  • Yadawananda Neog

    (Banaras Hindu University)

Abstract

This paper examines the long-run equilibrium and the existence of the causal relationship between financial development, energy consumption, economic growthEconomic growth and FDI in IndiaIndia for the period 1978–2014. The Johansen-Juselius maximum likelihood procedure in the multivariate framework and Granger causalityGranger causality in the vector error correction framework (VECM) is employed to examine the co-integrationCo-Integration and causal association between the considered variables. The results of Johansen-Juselius co-integrationCo-Integration test shows that there is long-run equilibrium relationship among variables. We also find that there is no long-run causalityCausality between the variables, but there exists bi-directional short-run causalityCausality between financial development and energy consumption in IndiaIndia . Based on these results, suitable growth policies are also discussed for IndiaIndia .

Suggested Citation

  • Seema Saini & Yadawananda Neog, 2018. "Examining the Linkages Between Financial Development and Energy Consumption in India," Springer Proceedings in Business and Economics, in: Aswini Kumar Mishra & Vairam Arunachalam & Debasis Patnaik (ed.), Current Issues in the Economy and Finance of India, chapter 0, pages 119-130, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-99555-7_8
    DOI: 10.1007/978-3-319-99555-7_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kunofiwa Tsaurai, 2020. "Information and Communication Technology, Energy Consumption and Financial Development in Africa," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 429-437.
    2. Qamruzzaman, Md & Jianguo, Wei, 2020. "The asymmetric relationship between financial development, trade openness, foreign capital flows, and renewable energy consumption: Fresh evidence from panel NARDL investigation," Renewable Energy, Elsevier, vol. 159(C), pages 827-842.

    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:spr:prbchp:978-3-319-99555-7_8. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.