Global Economy Journal最新文献_第10页

Does Institution Explain Natural Resource Curse? 制度解释自然资源诅咒吗?

IF 0.7

Global Economy Journal Pub Date : 2018-08-15 DOI: 10.1515/gej-2018-0057

Joseph Pelzman, Yessengali Oskenbayev, Murat Issabayev

引用次数: 2

Towards a Confident Europe: Fostering European Foreign Policy as a Premise to Enhanced European Economic Security & Competitiveness 迈向自信的欧洲:以加强欧洲经济安全和竞争力为前提，培育欧洲外交政策

IF 0.7

Global Economy Journal Pub Date : 2018-07-17 DOI: 10.1515/gej-2018-0048

Augustin Ignatov

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引用次数: 1

The Impact of Financial Development on Energy Demand in Transition Economies 转型经济体金融发展对能源需求的影响

IF 0.7

Global Economy Journal Pub Date : 2018-06-30 DOI: 10.1515/gej-2018-0014

Yessengali Oskenbayev, Murat Issabayev

{"title":"The Impact of Financial Development on Energy Demand in Transition Economies","authors":"Yessengali Oskenbayev, Murat Issabayev","doi":"10.1515/gej-2018-0014","DOIUrl":"https://doi.org/10.1515/gej-2018-0014","url":null,"abstract":"Abstract Financial development has proven to be one of the major determinants of energy consumption. Although, the U-curve relationship between financial development and energy demand is frequently featured in the literature, there is not much discussion of nonlinear relationships between financial development and energy consumption. In this study we investigated the nexus of these two phenomena in transitional economy countries over the period from 1990 to 2011 employing a Systems-GMM model and the panel cointegration method. The empirical results reveal strong evidence of an inverse U-shaped pattern for the impacts of financial development on energy consumption. The net total effect of financial development on energy demand implies that a one standard deviation increase in financial depth induces a decrease in energy consumption by 0.09 kg of oil equivalent per capita. We also found evidence of Granger causality of financial development on energy demand. The existence of a linkage between the two has been suggested in an earlier study conducted by Coban and Topcu [26]. Although they established the nonlinear nature of the relationship between financial development and energy consumption, this was only apparent after they divided the sample between older and newer EU members. In this respect the effect of financial development on energy consumption is rather dubious because that study used a dynamic panel data model for 15 countries over the period from 1990 to 2011.","PeriodicalId":44015,"journal":{"name":"Global Economy Journal","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91124876","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Uncovered Interest Rate Parity, Carry Trade, and Country Equity Return Differentials 未覆盖的利率平价，套利交易和国家股票收益差异

IF 0.7

Global Economy Journal Pub Date : 2018-06-30 DOI: 10.1515/gej-2018-0041

Termkiat Kanchanapoom, Chaiyuth Padungsaksawasdi, Pornchai Chunhachinda, Maria E. de Boyrie

引用次数: 0

The Liberal World Order and the Job-Offshoring Backlash—In Structuralist Perspective 结构主义视角下的自由世界秩序与工作外包反弹

IF 0.7

Global Economy Journal Pub Date : 2018-06-30 DOI: 10.1515/gej-2018-0026

T. Ozawa

引用次数: 1

Prioritizing Foreign Investment In APEC 在亚太经合组织优先考虑外国投资