The role of financial development, R&D expenditure, globalization and institutional quality in energy consumption in India: New evidence from the QARDL approach

dc.authoridIftikhar Ali, Muhammad/0000-0002-0232-1161
dc.authoridSharif, Arshian/0000-0002-1155-4151
dc.contributor.authorGodil, Danish Iqbal
dc.contributor.authorSharif, Arshian
dc.contributor.authorAli, Muhammad Iftikhar
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorUsman, Rimsha
dc.date.accessioned2025-03-07T20:14:28Z
dc.date.available2025-03-07T20:14:28Z
dc.date.issued2021
dc.departmentÇağ Üniversitesi
dc.description.abstractThe aim of this research is to explore the association between financial development, research and development (R&D) expenditures, globalization, institutional quality, and energy consumption in India by using the quarterly data of 1995-2018. Quantile Autoregressive Distributed Lag (QARDL) approach is employed to examine the relationship. An application of the QARDL approach suggests that the R&D, financial development, globalization, and institutional quality significantly influence energy utilization in India. R&D and institutional quality have a negative effect on energy utilization which shows that due to the increase in the quality of institutions and R&D in the country, energy utilization is likely to decrease. However, globalization and financial performance have a positive influence on energy which depicts that due to the increase in financial performance and globalization in India the energy consumption is likely to increase. According to the outcomes of this research, India should make a policy to ease the penalties of energy utilization by monitoring resource transfer by means of globalization and conversation the advancement of the financial sector.
dc.identifier.doi10.1016/j.jenvman.2021.112208
dc.identifier.issn0301-4797
dc.identifier.issn1095-8630
dc.identifier.pmid33618139
dc.identifier.scopus2-s2.0-85101239322
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.jenvman.2021.112208
dc.identifier.urihttps://hdl.handle.net/20.500.12507/2917
dc.identifier.volume285
dc.identifier.wosWOS:000632614600005
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.indekslendigikaynakPubMed
dc.language.isoen
dc.publisherAcademic Press Ltd- Elsevier Science Ltd
dc.relation.ispartofJournal of Environmental Management
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20241226
dc.subjectR&D expenditure
dc.subjectInstitutional quality
dc.subjectEnergy consumption
dc.subjectGlobalization
dc.subjectFinancial development
dc.subjectIndia
dc.titleThe role of financial development, R&D expenditure, globalization and institutional quality in energy consumption in India: New evidence from the QARDL approach
dc.typeArticle

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