LAPSE:2023.34245
Published Article
LAPSE:2023.34245
The Causal Connection of Natural Resources and Globalization with Energy Consumption in Top Asian Countries: Evidence from a Nonparametric Causality-in-Quantile Approach
Hafezali Iqbal Hussain, Muhammad Haseeb, Manuela Tvaronavičienė, Leonardus W. W. Mihardjo, Kittisak Jermsittiparsert
April 25, 2023
Given the significance of energy conservation as a prime objective of environmental sustainability, countries all around the world are keen to identify significant factors that lead to the augmentation of energy utilization. Considering the rising emphasis of economies in utilizing natural resources to attain higher levels of globalization, the current research was aimed at investigating how the returns of natural resources and globalization affect energy consumption in top Asian economies. In doing so, the study emphasized the nonlinear relationship among the variables and applied the novel nonparametric method of causality in quantile to identify the quantile-based causal connection of natural resources and globalization on the returns and volatility of energy utilization in selected Asian countries. Moreover, the presence of nonlinearity in the variables was tested by the Brock- Dechert-Scheinkman test (BDS test), which confirmed that all variables showed nonlinear behavior. Furthermore, the findings of quantile cointegration confirmed a nonlinear long-run relationship of natural resources and globalization with energy utilization. The prime findings of causality in quantile revealed that the returns of natural resources and globalization had a significant causal effect on the returns of energy consumption in all countries. On the other hand, the volatility in energy consumption concluded no causal association with the returns of natural resources and globalization in any of the studied Asian countries. The findings are beneficial for the policymakers to formulate policies that will help to reduce the level of energy consumption.
Keywords
Energy, globalization, natural resources, nonparametric causality in quantiles
Suggested Citation
Hussain HI, Haseeb M, Tvaronavičienė M, Mihardjo LWW, Jermsittiparsert K. The Causal Connection of Natural Resources and Globalization with Energy Consumption in Top Asian Countries: Evidence from a Nonparametric Causality-in-Quantile Approach. (2023). LAPSE:2023.34245
Author Affiliations
Hussain HI: Taylor’s Business School, Taylor’s University, 1 Jalan Taylors, Subang Jaya 47500, Selangor, Malaysia; University of Economics and Human Sciences in Warsaw, Okopowa 59, 01-043 Warsaw, Poland
Haseeb M: Taylor’s Business School, Taylor’s University, 1 Jalan Taylors, Subang Jaya 47500, Selangor, Malaysia [ORCID]
Tvaronavičienė M: Vilnius Gediminas Technical University, Sauletekio 11, 10223 Vilnius, Lithuania; General Jonas Zemaitis Military Academy of Lithuania, Silo 5a, 10322 Vilnius, Lithuania [ORCID]
Mihardjo LWW: Bina Nusantara University, 11530 Jakarta, Indonesia [ORCID]
Jermsittiparsert K: Department for Management of Science and Technology Development, Ton Duc Thang University, Ho Chi Minh City 758307, Vietnam; Social Research Institute, Chulalongkorn University, Bangkok 10330, Thailand
Journal Name
Energies
Volume
13
Issue
9
Article Number
E2273
Year
2020
Publication Date
2020-05-05
Published Version
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en13092273, Publication Type: Journal Article
Record Map
Published Article

LAPSE:2023.34245
This Record
External Link

doi:10.3390/en13092273
Publisher Version
Download
Files
[Download 1v1.pdf] (1.5 MB)
Apr 25, 2023
Main Article
License
CC BY 4.0
Meta
Record Statistics
Record Views
125
Version History
[v1] (Original Submission)
Apr 25, 2023
 
Verified by curator on
Apr 25, 2023
This Version Number
v1
Citations
Most Recent
This Version
URL Here
https://psecommunity.org/LAPSE:2023.34245
 
Original Submitter
Auto Uploader for LAPSE
Links to Related Works
Directly Related to This Work
Publisher Version