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Made available in DSpace on 2022-04-29T08:40:53Z (GMT). No. of bitstreams: 0 Previous issue date: 2022-04-01 Trường Đại học Kinh tế - Luật, Đại học Quốc gia Thành phố Hồ Chí Minh This study aims to unveil the heterogeneous impacts of import product diversification and institutional factors for achieving energy efficiency in Organization for Economic Co-operation and Development (OECD) countries. In doing so, the study employs robust econometric techniques such as Fully modified ordinary least squares (FMOLS) co-integration, pooled Ordinary Least Squares (OLS), Feasible Generalized Least Squares (FGLS), pool mean group regressions, fixed effects, and random effects for panel data from 1990 to 2015 for selected OECD countries. The detailed empirical outcomes suggest that import product diversification is conducive to reducing the energy and carbon intensity (improvement in energy efficiency) in OECD countries. The empirical conclusions provide various guidelines to achieve cleaner and greener growth and align with various Sustainable Development Goals (SDG 7: Affordable and clean energy, SDG 9: Industry, innovation, and infrastructure, and SDG 13: Climate action) of OECD countries. The paper elaborates fruitful policy suggestions regarding the diversification of imports and energy use-carbon emission-nexus for the OECD member nations. Based on the findings, policymakers and environmental scientists should strengthen the trade-energy and import portfolio policies to attain energy efficiency. Department of Economics Suleyman Demirel University Department of Economics Federal University of Ouro Preto (DEECO-UFOP), Rua do Catete 166 – Centro, Mariana Innovation Economics Institute of Economics University of Hohenheim Department of Production Engineering School of Engineering of Bauru Campus Bauru São Paulo State University (UNESP) S. P. Jain Institute of Management and Research (SPJIMR) UEH Institute of Innovation (UII) University of Economics Ho Chi Minh City (UEH), 59C Nguyen Dinh Chieu Street, District 3, Vietnam Department of Production Engineering School of Engineering of Bauru Campus Bauru São Paulo State University (UNESP) Trường Đại học Kinh tế - Luật, Đại học Quốc gia Thành phố Hồ Chí Minh: 2022-03-11-0887

This study analyzes the causality and cointegration correlation between the series using total energy consumption, economic growth, and globalization data of BRIC countries (Brazil, Russia, India, China) in 2000-2012 period. Unit roots of the series were extracted in empirical part in order to make them stationary. Then, Pedroni and Kao cointegration and Granger causality analysis panel were used. As a result of the cointegration analysis, it was observed that the series were cointegrated in the long term. On the other hand, causality analysis results suggested a unidirectional causality correlation from total energy consumption to economic growth, and another unidirectional causality correlation from globalization to economic growth. Lastly, no causality correlation between energy consumption and globalization was found.

Globalization affects the daily life each passing day. Energy consumption has been amoung the leading topics among them. In this study, it is investigated the relationship between globalization and energy consumption in the case of Turkey over the period 1970-2012. The empirical results show that there is a long run relationship between globalization and energy consumption.