Determinants of energy demand in African frontier market economies: An empirical investigation

dc.authoridOzturk, Ilhan -- 0000-0002-6521-0901; Bhattacharya, Mita -- 0000-0002-4483-2189; Paramati, Sudharshan Reddy -- 0000-0002-7958-9668
dc.contributor.authorParamati, Sudharshan Reddy
dc.contributor.authorBhattacharya, Mita
dc.contributor.authorÖztürk, İlhan
dc.contributor.authorZakari, Abdulrasheed
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:27:51Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:27:51Z
dc.date.issued2018
dc.departmentMeslek Yüksekokuluen_US
dc.descriptionWOS: 000429764000009en_US
dc.description.abstractSince the turn of the twenty-first century, the economic performance of Africa has been remarkable. We identify the key factors driving energy consumption from seven frontier market economies in Africa. More specifically, the role of economic, financial, and trade integrations are explored as the source of overall energy demand. First, we establish cross-sectional dependence and heterogeneity across countries. Second, the long-run elasticities of energy consumption reflect the key role of stock market indicators, along with industrialisation and trade openness while foreign direct investment (FDI) inflows have a reducing effect. In this respect, the long-run energy elasticities on individual countries show a considerable variation. Finally, the heterogeneous panel non-causality test confirms that the energy consumption has a feedback relationship with stock market indicators and industrialisation. Our findings reflect that the environmental planning should comprise development in financial and trade sectors in boosting economic growth and increasing energy demand for these countriesen_US
dc.identifier.doi10.1016/j.energy.2018.01.146
dc.identifier.endpage133en_US
dc.identifier.issn0360-5442
dc.identifier.issn1873-6785
dc.identifier.scopus2-s2.0-85041662734
dc.identifier.scopusqualityQ1
dc.identifier.startpage123en_US
dc.identifier.urihttps://doi.org/10.1016/j.energy.2018.01.146
dc.identifier.urihttps://hdl.handle.net/20.500.12507/496
dc.identifier.volume148en_US
dc.identifier.wosWOS:000429764000009
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPergamon-Elsevıer Scıence ltd.en_US
dc.relation.ispartofEnergy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closeAccessen_US
dc.subjectStock Market Developmenten_US
dc.subjectEnergy Consumptionen_US
dc.subjectAfrican frontier Marketsen_US
dc.subjectCross-sectional dependenceen_US
dc.titleDeterminants of energy demand in African frontier market economies: An empirical investigation
dc.typeArticle

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