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Energy Economics and Financial Markets pp 49–69Cite as

The Drivers of Energy Consumption in Developing Countries

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Abstract

This paper examines the issues associated with the causal relationships between the energy consumption and the factors (rural population, total population, gross domestic product, consumer price index and carbon dioxide emission), with the greatest impact on energy consumption as demonstrated in the literature, for 30 developing countries. Data for the period 1971–2007 are used with a Granger causality test. In the light of obtained findings, the present study reveals common relationships in various directions between energy consumption and the other factors. These results can be explained by factors such as energy markets, resources, population etc. for individual countries. The findings of the study have significant policy implications and are therefore of potential interest to policymakers.

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Notes

  1. 1.

    These countries are;Algeria, Argentina, Bolivia, Cameroon, Congo, Costa Rica, Cote D’lvoire, Egypt, El Salvador, Gabon, Ghana, Honduras, India, Korea, Malaysia, Mexico, Morocco, Nigeria, Pakistan, Paraguay, Senegal, Sri Lanka, Sudan, Syria, Thailand, Togo, Trinidad Tobago, Turkey, Uruguay and Venezuela.

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Authors and Affiliations

  1. Yildirim Beyazit University, Ankara, Turkey

    Ayhan Kapusuzoglu

  2. Hacettepe University, Ankara, Turkey

    Mehmet Baha Karan

Authors
  1. Ayhan Kapusuzoglu
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  2. Mehmet Baha Karan
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Correspondence to Ayhan Kapusuzoglu .

Editor information

Editors and Affiliations

  1. , Department of Finance, VU University Amsterdam, De Boelelaan 1105, Amsterdam, 1081 HV, Netherlands

    André Dorsman

  2. Curtin Business School, School of Economics and Finance, Curtin University, Hayman Road, Bentley, Perth, 6845, West Australia, Australia

    John L. Simpson

  3. Faculty of Economics and Business, Economics, Econometrics and Finance, University of Groningen, Nettelbosje 2, Groningen, 9747 AE, Groningen, Netherlands

    Wim Westerman

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Kapusuzoglu, A., Karan, M.B. (2013). The Drivers of Energy Consumption in Developing Countries. In: Dorsman, A., Simpson, J., Westerman, W. (eds) Energy Economics and Financial Markets. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-30601-3_4

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  • DOI: https://doi.org/10.1007/978-3-642-30601-3_4

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