Business cycles and energy intensity. Evidence from emerging economies
Reducing energy intensity and coping with climate change are important policy issues that face all countries. This study examines the impact of business cycles (recessions and expansions) on energy intensity in sixteen emerging countries in 1990–2014. We find that during periods of economic expansio...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-05-01
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| Series: | Borsa Istanbul Review |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S221484502100079X |
| _version_ | 1818026287591063552 |
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| author | Tinghui Li Xue Li Gaoke Liao |
| author_facet | Tinghui Li Xue Li Gaoke Liao |
| author_sort | Tinghui Li |
| collection | DOAJ |
| description | Reducing energy intensity and coping with climate change are important policy issues that face all countries. This study examines the impact of business cycles (recessions and expansions) on energy intensity in sixteen emerging countries in 1990–2014. We find that during periods of economic expansion (recessions), business cycles reduce (increase) energy intensity. We also study the moderating effect of foreign direct investment (FDI) between business cycles and energy intensity and find that FDI lowers (raises) energy intensity in countries with high (low) level economic development. In addition, this study finds a nonlinear relationship between business cycles and energy intensity. Policy implications of the findings are discussed. |
| first_indexed | 2024-12-10T04:29:37Z |
| format | Article |
| id | doaj.art-abebb86010d84cc7b0253ddda6becd71 |
| institution | Directory Open Access Journal |
| issn | 2214-8450 |
| language | English |
| last_indexed | 2024-12-10T04:29:37Z |
| publishDate | 2022-05-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Borsa Istanbul Review |
| spelling | doaj.art-abebb86010d84cc7b0253ddda6becd712022-12-22T02:02:11ZengElsevierBorsa Istanbul Review2214-84502022-05-01223560570Business cycles and energy intensity. Evidence from emerging economiesTinghui Li0Xue Li1Gaoke Liao2School of Economics and Statistics, Guangzhou University, Guangzhou 510006, ChinaSchool of Economics and Statistics, Guangzhou University, Guangzhou 510006, ChinaGuangzhou Institute of International Finance, Guangzhou University, Guangzhou 510006, China; Corresponding author.Reducing energy intensity and coping with climate change are important policy issues that face all countries. This study examines the impact of business cycles (recessions and expansions) on energy intensity in sixteen emerging countries in 1990–2014. We find that during periods of economic expansion (recessions), business cycles reduce (increase) energy intensity. We also study the moderating effect of foreign direct investment (FDI) between business cycles and energy intensity and find that FDI lowers (raises) energy intensity in countries with high (low) level economic development. In addition, this study finds a nonlinear relationship between business cycles and energy intensity. Policy implications of the findings are discussed.http://www.sciencedirect.com/science/article/pii/S221484502100079XC23E32O13 |
| spellingShingle | Tinghui Li Xue Li Gaoke Liao Business cycles and energy intensity. Evidence from emerging economies Borsa Istanbul Review C23 E32 O13 |
| title | Business cycles and energy intensity. Evidence from emerging economies |
| title_full | Business cycles and energy intensity. Evidence from emerging economies |
| title_fullStr | Business cycles and energy intensity. Evidence from emerging economies |
| title_full_unstemmed | Business cycles and energy intensity. Evidence from emerging economies |
| title_short | Business cycles and energy intensity. Evidence from emerging economies |
| title_sort | business cycles and energy intensity evidence from emerging economies |
| topic | C23 E32 O13 |
| url | http://www.sciencedirect.com/science/article/pii/S221484502100079X |
| work_keys_str_mv | AT tinghuili businesscyclesandenergyintensityevidencefromemergingeconomies AT xueli businesscyclesandenergyintensityevidencefromemergingeconomies AT gaokeliao businesscyclesandenergyintensityevidencefromemergingeconomies |