Does Export product diversification help to reduce energy demand: Exploring the contextual evidences from the newly industrialized countries

This article investigates the impact of export product diversification, extensive margin and intensive margin on emerging economies energy demand covering the period from 1971 to 2014. The study contributes to energy economics by unveiling the interaction between export diversification and energy demand of 10 newly industries countries (NICs). Owing to the growth prospect and trade volume of these nations, it is necessary to assess the various facades of export growth on the energy demand. In this pursuit, we have considered the export product diversification index in its aggregate and disaggregated forms (i.e. extensive margin and intensive margin) in this study. The empirical estimation has been carried out based on GMM, FGLS, FMOLS, and DOLS techniques. The empirical results demonstrate that export diversification, extensive margin, and intensive margin help to reduce the overall energy demand in NICs. Further, the empirical outcomes identify that economic growth, urbanization, and natural resources increase energy consumption. The study discusses fruitful policy implications regarding the exports diversification and energy demand nexus for emerging economies

How Globalization and Economic Growth Affect Energy Consumption: Panel Data Analysis in the Sample of BRIC Countries

This study analyzes the causality and cointegration correlation between the series using total energy consumption, economic growth, and globalization data of BRIC countries (Brazil, Russia, India, China) in 2000-2012 period. Unit roots of the series were extracted in empirical part in order to make them stationary. Then, Pedroni and Kao cointegration and Granger causality analysis panel were used. As a result of the cointegration analysis, it was observed that the series were cointegrated in the long term. On the other hand, causality analysis results suggested a unidirectional causality correlation from total energy consumption to economic growth, and another unidirectional causality correlation from globalization to economic growth. Lastly, no causality correlation between energy consumption and globalization was found. Keywords: Globalization, Economic Growth, Energy Consumption, BRIC. JEL Classifications: F60, O10, O1

The spillover effects and connectedness among green commodities, Bitcoins, and US stock markets: Evidence from the quantile VAR network

International audienc

Role of Ethnic Diversity, Temperature Changes, and Socio-Economic Conditions for Residential Energy Use and Energy Expenditures: Evidence from the United States

International audienc

The role of biomass energy consumption and economic complexity on environmental sustainability in G7 economies

This paper empirically examines the effect of biomass energy consumption and economic complexity on environmental sustainability in G7 economies. The current study attempts to report a comprehensive analysis of biomass energy and economic complexity on ecological and carbon footprints and carbon emissions. We employ data from 1990 to 2019 and adopt robust panel econometric techniques that account for the analysis's cross-sectional dependence. We conduct cointegration analysis, pooled ordinary least squares (OLS), system generalized method of moments (GMM) and conditional quantile model for our empirical analysis. The empirical findings show that both biomass energy consumption and economic complexity are detrimental to the ecological footprint and carbon footprint. Additionally, we find that globalization positively affects the environment, while we find some evidence that bureaucratic quality improves environmental quality. Finally, in line with other research, we find that economic growth has detrimental effects on the environment. Our results suggest that policymakers should be more cautious in promoting biomass as a clean energy source and that the G7 economies should take advantage of their leading position in innovation to invest more in sustainable practices and investment