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Journals / Iğdır Üniversitesi Sosyal Bilimler Dergisi / 2018 / Cilt: 0 - Sayı: 14

Analysis of Relationship Between Financial De-velopment, Energy Consumption and Economic Growth in Emerging Market Economies

Yükselen Piyasa Ekonomilerinde Finansal Ge-lişme, Enerji Tüketimi ve Ekonomik Büyüme İlişkisinin Analizi

Dilek ŞAHİN
Pages
335–356
Publication Date
2022-10-18
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

It is seen that there is a causality relation towards fi-nancial growth and economic growth for India, Argentina, Ma-laysia and Mexico.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, it have been analyzed financial devel-opment, energy consumption and economic growth in the sev-en emerging market economies (Turkey, China, India, Argenti-na, Brazil, Malaysia and Mexico) for the period 1990-2014.
📊
Key Findings & Data:Then, Westerlund and Edgerton (2007) cointegration test was applied.
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Conclusion & Impact:It is seen that there is a causality relation towards fi-nancial growth and economic growth for India, Argentina, Ma-laysia and Mexico.
🔬Design:Modeling & Simulation
📍Scope:2014 Verileri
⚙️Variables:Domain Parameters

Abstract

In this study, it have been analyzed financial devel-opment, energy consumption and economic growth in the sev-en emerging market economies (Turkey, China, India, Argenti-na, Brazil, Malaysia and Mexico) for the period 1990-2014. Un-der the analysis, it was tested whether there is horizontal sec-tion dependency between the variables making up the panel and in the model. In the direction of the results, a second gener-ation CADF unit root test was applied considering the horizon-tal section dependency. Then, Westerlund and Edgerton (2007) cointegration test was applied. Finally, the causality relation-ship between the variables was analyzed using the Konya (2006) causality test. The results of the analysis showed that there is horizontal section dependency in the variables and model. In addition, variables were found to be cointegrated in the long run. In the causality test of Konya (2006), no causality relation was found between energy consumption and economic growth. It is seen that there is a causality relation towards fi-nancial growth and economic growth for India, Argentina, Ma-laysia and Mexico.

Özet

Bu çalışmada, yedi yükselen piyasa ekonomisinde (Türki-ye, Çin, Hindistan, Arjantin, Brezilya, Malezya ve Meksika) finansal gelişme, enerji tüketimi ve ekonomik büyüme arasın-daki ilişki 1990-2014 dönemi için analiz edilmiştir. Analiz kap-samında, paneli oluşturan değişkenler arasında ve modelde yatay kesit bağımlılığının olup olmadığı test edilmiştir. Sonuç-lar doğrultusunda, yatay kesit bağımlılığını dikkate alan ikinci nesil CADF birim kök testi uygulanmıştır. Daha sonra Wester-lund ve Edgerton (2007) Eşbütünleşme testi uygulanmıştır. Son olarak değişkenler arasındaki nedensellik ilişkisi Konya (2006) nedensellik testi kullanılarak analiz edilmiştir. Analiz sonuçları, değişkenlerde ve modelde yatay kesit bağımlılığının olduğunu göstermiştir. Ayrıca değişkenlerin uzun dönemde eşbütünleşik oldukları görülmüştür. Konya (2006) nedensellik testinde, enerji tüketimden ekonomik büyümeye doğru herhangi bir nedensel-lik ilişkisine rastlanılmamıştır. Hindistan, Arjantin, Malezya ve Meksika için finansal gelişmeden ekonomik büyümeye doğru nedensellik ilişkisi olduğu görülmüştür.

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Cite This Article

ŞAHİN, D. (2022). Analysis of Relationship Between Financial De-velopment, Energy Consumption and Economic Growth in Emerging Market Economies. Iğdır Üniversitesi Sosyal Bilimler Dergisi, Cilt: 0 - Sayı: 14, 335–356. https://ajindex.com/articles/538856

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