Investigating the impact of globalization on energy consumption in developed and developing countries

Document Type : Research Article

Authors

1 Ph.D. student in Economics, Deparment of Economics, Faculty of Economics and Management, Shiraz Branch, Islamic Azad University, Shiraz, Iran

2 Assistant Professor, Department of Economics, Faculty of Economics and Management, Shiraz Branch, Islamic Azad University, Shiraz, Iran

3 Associate Professor, Department of Economics, Faculty of Economic and Management, Shiraz Branch, Islamic Azad University, Shiraz, Iran

Abstract

This research was conducted with the aim of investigating the impact of globalization on energy consumption using information and statistics related to 115 developing countries and 45 developed countries in the period from 1980 to 2020. The regression model used in this research is a linear regression which was estimated by using the pooled group mean estimator (PMG) based on the results of stationarity tests and Hausman test. In addition to the index of globalization, energy price index, gross domestic product, financial development and urbanization rate have also been used as explanatory variables of energy consumption. results show that the effect of globalization on energy consumption is different at different levels of development. In other words, the results show that the impact of globalization on energy consumption is negative in developed countries and positive in developing countries. Other results indicate the positive effect of GDP and the insignificant effect of energy price on energy consumption in the long run in developing countries and in developed countries. These results also show that the effect of urbanization rate on energy consumption was positive in developing countries and negative in developed countries.

Keywords

Main Subjects

یادداشت

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History

  • Receive Date: 20 August 2024
  • Revise Date: 20 January 2025
  • Accept Date: 20 January 2025
  • Publish Date: 21 March 2026

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