The energy-growth nexus revisited: the role of financial development, institutions, government expenditure and trade openness.

ABSTRACT: Although the energy-growth nexus has been widely investigated in the last several decades, there are still vivid debates in the energy economics field. This study evaluates the link between energy consumption and economic growth with the thorough assessment of the roles of institutional quality, government expenditure, financial development and trade openness in 46 Emerging Market and Developing Economies (EMDEs) from 1990 to 2014. By employing appropriate panel econometric techniques, cross-sectional dependence and slope heterogeneity are controlled, which helps explore the unbiased long-run effects of the determinants of economic growth as well as scrutinize the dynamic relationship among variables. The findings demonstrate that energy usage, gross fixed capital formation, government exp

SUBMITTER: Le HP 

PROVIDER: S-EPMC7364027 | biostudies-literature | 2020 Jul

REPOSITORIES: biostudies-literature