Vol. 11 No. 1 (2023): Business & Management Studies: An International Journal
Articles

Asymmetric causality relationship between economic growth, globalization and energy consumption: Evidence from OECD countries

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  • Mehmet DİNÇ,
  • Murat BEŞER
Mehmet DİNÇ
Assist. Prof. Dr., Agri Ibrahim Cecen University, Ağrı, Turkiye
Murat BEŞER
Assist. Prof. Dr., Ağrı İbrahim Çeçen University, Ağrı, Turkiye
DOI: https://doi.org/10.15295/bmij.v11i1.2197

Published 2023-03-25

Keywords

  • Ekonomik Büyüme, Küreselleşme, Enerji, Panel Asimetrik Nedensellik
  • Economic Growth, Globalization, Energy, Panel Asymmetric Causality

How to Cite

DİNÇ, M., & BEŞER, M. (2023). Asymmetric causality relationship between economic growth, globalization and energy consumption: Evidence from OECD countries. Business & Management Studies: An International Journal, 11(1), 342–356. https://doi.org/10.15295/bmij.v11i1.2197

Copyright (c) 2023 Mehmet DİNÇ- Murat BEŞER

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Abstract

Since the 1980s, with the expansion of the global economy, the trade walls between countries have been removed, and world trade has gained different dimensions. This study aims to examine the relationship between economic growth, globalization, and energy consumption in OECD countries in the 1972-2020 period with asymmetric causality tests. The study in which panel asymmetric causality tests were used revealed that the results differ according to the country’s dynamics and the types of shocks. While no causal relationship was found between the variables in Sweden, one of the OECD countries, it was concluded that there was a strong causal relationship between the variables in Belgium, Greece, Italy, England, and the USA.

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