International Research Journal of Finance and Economics, No (122), Year (2014-5) , Pages (120-132)

Title : ( Relationship between Energy Consumption, Economic Growth Financial Development and Trade Openness in Iran )

Authors: hamid safay nikoo , Mohammad Taher Ahmadi Shadmehri ,

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Financial market development is an important factor in movement toward economic growth especially in emerging economies. Financial market development is a phenomenon which can increase financial system effectiveness and may affect economic activities and energy demand. Also trade openness can influence on growth of economy beside energy consumption. Thus, current work aims at investigating relationship between financial market development, economic growth, and trade openness with energy consumption in Iranian economy using Auto Regressive Distributed Lag (ARDL) Model during 1967-2010. Results of this work indicate there is significant relationship through estimation of short-term and long-term models. There is two-way causality relationship between energy consumption and trade openness and there is one-way causality relationship between economic growth and energy consumption and financial development and energy consumption toward energy consumption.

Keywords

, Financial market development, energy consumption, economic growth,
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@article{paperid:1045408,
author = {Safay Nikoo, Hamid and Ahmadi Shadmehri, Mohammad Taher},
title = {Relationship between Energy Consumption, Economic Growth Financial Development and Trade Openness in Iran},
journal = {International Research Journal of Finance and Economics},
year = {2014},
number = {122},
month = {May},
issn = {1450-2887},
pages = {120--132},
numpages = {12},
keywords = {Financial market development; energy consumption; economic growth; trade},
}

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%0 Journal Article
%T Relationship between Energy Consumption, Economic Growth Financial Development and Trade Openness in Iran
%A Safay Nikoo, Hamid
%A Ahmadi Shadmehri, Mohammad Taher
%J International Research Journal of Finance and Economics
%@ 1450-2887
%D 2014

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