Causal Link between Financial Globalisation Uncertainty, Economic Growth, Environmental Degradation and Energy Consumption in ASEAN+3 Countries


Abstract views: 363 / PDF downloads: 381

Authors

  • Suraya Ismail Faculty of Business and Management, Universiti Sultan Zainal Abidin, Terengganu, Malaysia
  • Farah Roslan Faculty of General Studies and Advanced Education, Universiti Sultan Zainal Abidin, Terengganu Malaysia
  • Wan Anisah Endut Faculty of Business and Management, Universiti Sultan Zainal Abidin, Terengganu, Malaysia
  • Noris Fatilla Ismail Faculty of Business and Management, Universiti Teknologi MARA, Cawangan Kedah, Malaysia
  • Abubakar Mohammed Atiku Faculty of Business and Management, Universiti Sultan Zainal Abidin, Terengganu, Malaysia
  • Ali Umar Ahmad Faculty of Maritime Study, Universiti Malaysia Terengganu, 21030 Kuala Nerus, Terengganu, Malaysia

DOI:

https://doi.org/10.32479/ijeep.14606

Keywords:

Environmental Degradation, Economic Growth, Energy Consumption, Second-Generation Approach

Abstract

This paper aims to examine the causal linkage of financial globalisation uncertainty, Environmental Degradation, economic growth and energy consumption for ASEAN+3 countries using second-generation approach for the period between 1970–2019. The results of second-generation unit root test revealed that economic growth and financial globalisation uncertainty were stationary at level, while energy consumption and environmental degradation were stationary at first difference. In addition, the Larson cointegration test showed that long-run cointegration exists between the variables. Similarly, we found that economic growth and environmental degradation have significant positive influence on energy consumption. However, financial globalisation uncertainty has insignificant influence on energy consumption. The results of causal relationship indicated a bidirectional causal relationship between financial globalisation uncertainty and energy consumption; environmental degradation and energy consumption; and economic growth and energy consumption.

Downloads

Download data is not yet available.

Downloads

Published

2024-01-15

How to Cite

Ismail, S., Roslan, F., Endut, W. A., Ismail, N. F., Atiku, A. M., & Ahmad, A. U. (2024). Causal Link between Financial Globalisation Uncertainty, Economic Growth, Environmental Degradation and Energy Consumption in ASEAN+3 Countries. International Journal of Energy Economics and Policy, 14(1), 1–5. https://doi.org/10.32479/ijeep.14606

Issue

Section

Articles