The role of financial systems in energy demand: A comparison of developed and developing countries

This study investigates the role of the financial system in energy demand in the cases of developed and developing countries. Time-series analyses are carried out using the annual data period from 2000 to 2015. Results indicate that the financial system and financial markets are long-term catalysts...

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Detalles Bibliográficos
Autores principales: Katircioglu, Setareh, Köksal, Cihat, Katircioglu, Salih
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier 2021
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8225962/
https://www.ncbi.nlm.nih.gov/pubmed/34195428
http://dx.doi.org/10.1016/j.heliyon.2021.e07323
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author Katircioglu, Setareh
Köksal, Cihat
Katircioglu, Salih
author_facet Katircioglu, Setareh
Köksal, Cihat
Katircioglu, Salih
author_sort Katircioglu, Setareh
collection PubMed
description This study investigates the role of the financial system in energy demand in the cases of developed and developing countries. Time-series analyses are carried out using the annual data period from 2000 to 2015. Results indicate that the financial system and financial markets are long-term catalysts for energy consumption in both groups under consideration. Results show that domestic credits by banks positively impact energy demand in developing countries, while this is money supply impacting positively on energy demand in the case of developed nations. The results of this study reveal important policy implications.
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spelling pubmed-82259622021-06-29 The role of financial systems in energy demand: A comparison of developed and developing countries Katircioglu, Setareh Köksal, Cihat Katircioglu, Salih Heliyon Research Article This study investigates the role of the financial system in energy demand in the cases of developed and developing countries. Time-series analyses are carried out using the annual data period from 2000 to 2015. Results indicate that the financial system and financial markets are long-term catalysts for energy consumption in both groups under consideration. Results show that domestic credits by banks positively impact energy demand in developing countries, while this is money supply impacting positively on energy demand in the case of developed nations. The results of this study reveal important policy implications. Elsevier 2021-06-16 /pmc/articles/PMC8225962/ /pubmed/34195428 http://dx.doi.org/10.1016/j.heliyon.2021.e07323 Text en © 2021 Published by Elsevier Ltd. https://creativecommons.org/licenses/by-nc-nd/4.0/This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
spellingShingle Research Article
Katircioglu, Setareh
Köksal, Cihat
Katircioglu, Salih
The role of financial systems in energy demand: A comparison of developed and developing countries
title The role of financial systems in energy demand: A comparison of developed and developing countries
title_full The role of financial systems in energy demand: A comparison of developed and developing countries
title_fullStr The role of financial systems in energy demand: A comparison of developed and developing countries
title_full_unstemmed The role of financial systems in energy demand: A comparison of developed and developing countries
title_short The role of financial systems in energy demand: A comparison of developed and developing countries
title_sort role of financial systems in energy demand: a comparison of developed and developing countries
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8225962/
https://www.ncbi.nlm.nih.gov/pubmed/34195428
http://dx.doi.org/10.1016/j.heliyon.2021.e07323
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