New emerging market economies and the roles of energy use, financial development and socioeconomic aspects

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dc.authoridalola, andrew/0000-0001-5355-3707
dc.contributor.authorEyuboglu, Sinem
dc.contributor.authorUzar, Umut
dc.contributor.authorAlola, Andrew Adewale
dc.date.accessioned2025-03-17T12:27:28Z
dc.date.available2025-03-17T12:27:28Z
dc.date.issued2024
dc.departmentTarsus Üniversitesi
dc.description.abstractIn recent years, emerging market economies have consistently achieved growth rates above the world average. In this study, the nexus among economic growth, energy consumption, industrialization, financial development, trade openness, and urbanization were tested over the period 1995-2019 for selected emerging countries (Colombia, India, Indonesia, Kenya, Malaysia, Mexico and Poland). The main findings of this study are as follows: The results showed that energy consumption, industrialization, and financial development positively affected economic growth for the entire panel. While trade openness negatively affected economic growth, urbanization was statistically insignificant. The Dumitrescu and Hurlin causality test results indicate bidirectional causality between energy consumption and economic growth. Economic growth and energy consumption are the causes of industrialization. Thus, it can be concluded that a low-cost energy supply will help maintain economic performance with incentive policies such as tax deductions and credits provided for producers in the examined countries.
dc.description.sponsorshipInland Norway University Of Applied Sciences
dc.description.sponsorshipAuthors appreciate the Editor and the anonymous referees.
dc.identifier.doi10.1007/s40847-024-00385-x
dc.identifier.issn0972-5792
dc.identifier.issn2199-6873
dc.identifier.scopus2-s2.0-85207324839
dc.identifier.scopusqualityQ2
dc.identifier.urihttps://doi.org/10.1007/s40847-024-00385-x
dc.identifier.urihttps://hdl.handle.net/20.500.13099/2271
dc.identifier.wosWOS:001342065900002
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherSpringer India
dc.relation.ispartofJournal of Social and Economic Development
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20250316
dc.subjectEnergy consumption
dc.subjectIndustrialization
dc.subjectEconomic growth
dc.subjectEmerging market countries
dc.subjectPanel data
dc.titleNew emerging market economies and the roles of energy use, financial development and socioeconomic aspects
dc.typeArticle

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