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Dynamic linkages among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation patterns in Malaysia

The aim of this research is to examine the dynamic relationship among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation in Malaysia. Time series data for the period 1970 to 2013, the ARDL model and multivariate Granger causality tests are use...

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Main Authors: Bekhet H.A., Yasmin T., Al-Smadi R.W.
Other Authors: 37100908800
Format: Review
Published: Inderscience Publishers 2023
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spelling my.uniten.dspace-234402023-05-29T14:40:31Z Dynamic linkages among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation patterns in Malaysia Bekhet H.A. Yasmin T. Al-Smadi R.W. 37100908800 56406291900 56480646300 The aim of this research is to examine the dynamic relationship among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation in Malaysia. Time series data for the period 1970 to 2013, the ARDL model and multivariate Granger causality tests are used to determine the dynamic interrelationship among the study variables. The overall results show: 1) that all the variables are co-integrated during the study period; 2) a long-And short-run relationship existed between energy consumption and economic growth; 3) a long-run unidirectional Granger causality among the study variables is found; 4) there is a bidirectional causality running from economic growth to energy consumption and CO2 emission in the short run. It concludes that, with financial development and economic growth, effective energy policies need to cut the emissions level. The present study may guide the policymakers in formulating proper energy planning in Malaysia to attain future environmental targets while enhancing the financial perspective. � 2017 Inderscience Enterprises Ltd. Final 2023-05-29T06:40:31Z 2023-05-29T06:40:31Z 2017 Review 10.1504/IJBG.2017.084355 2-s2.0-85020482027 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85020482027&doi=10.1504%2fIJBG.2017.084355&partnerID=40&md5=5aa25cbc7ca25263416799126c97c3ea https://irepository.uniten.edu.my/handle/123456789/23440 18 4 493 523 Inderscience Publishers Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description The aim of this research is to examine the dynamic relationship among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation in Malaysia. Time series data for the period 1970 to 2013, the ARDL model and multivariate Granger causality tests are used to determine the dynamic interrelationship among the study variables. The overall results show: 1) that all the variables are co-integrated during the study period; 2) a long-And short-run relationship existed between energy consumption and economic growth; 3) a long-run unidirectional Granger causality among the study variables is found; 4) there is a bidirectional causality running from economic growth to energy consumption and CO2 emission in the short run. It concludes that, with financial development and economic growth, effective energy policies need to cut the emissions level. The present study may guide the policymakers in formulating proper energy planning in Malaysia to attain future environmental targets while enhancing the financial perspective. � 2017 Inderscience Enterprises Ltd.
author2 37100908800
author_facet 37100908800
Bekhet H.A.
Yasmin T.
Al-Smadi R.W.
format Review
author Bekhet H.A.
Yasmin T.
Al-Smadi R.W.
spellingShingle Bekhet H.A.
Yasmin T.
Al-Smadi R.W.
Dynamic linkages among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation patterns in Malaysia
author_sort Bekhet H.A.
title Dynamic linkages among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation patterns in Malaysia
title_short Dynamic linkages among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation patterns in Malaysia
title_full Dynamic linkages among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation patterns in Malaysia
title_fullStr Dynamic linkages among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation patterns in Malaysia
title_full_unstemmed Dynamic linkages among financial development, economic growth, energy consumption, CO2 emissions and gross fixed capital formation patterns in Malaysia
title_sort dynamic linkages among financial development, economic growth, energy consumption, co2 emissions and gross fixed capital formation patterns in malaysia
publisher Inderscience Publishers
publishDate 2023
_version_ 1806427478230564864
score 13.211869

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