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Globalisation, Economic Growth and Energy Consumption in the BRICS Region: The Importance of Asymmetries

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  • Shahbaz, Muhammad
  • Shahzad, Syed Jawad Hussain
  • Alam, Shaista
  • Apergis, Nicholas

Abstract

This paper examines the asymmetric impact of globalisation and economic growth on energy consumption in BRICS countries, applying the NARDL bounds approach to explore the presence of asymmetric cointegration across variables. The empirical results reveals that energy consumption is positively and negatively affected by the positive and negative globalisation shocks, respectively. A positive shock in economic growth promotes energy consumption, while a negative shock reduces energy consumption.

Suggested Citation

  • Shahbaz, Muhammad & Shahzad, Syed Jawad Hussain & Alam, Shaista & Apergis, Nicholas, 2018. "Globalisation, Economic Growth and Energy Consumption in the BRICS Region: The Importance of Asymmetries," MPRA Paper 86979, University Library of Munich, Germany, revised 16 May 2018.
    • Handle: RePEc:pra:mprapa:86979
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    Keywords

    Globalisation; Growth; Energy;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics

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