Energy-Growth-Globalization Nexus in N-11 Countries : New Insight from Bootstrap Panel Granger Causality

This study investigated the correlations of economic growth, energy consumption, and globalization in selected countries. For this purpose, the study gathered data between 1984 and 2013 from 11 countries, where a causality panel test was employed using Kónya’s (2006) approach based on the Seemingly Unrelated Regressions (SUR) system. Subsequently, the Wald test is conducted with a critical bootstrap value per country, in which the calculations obtained significant statistical figures per country. Notably, the results show distinct findings on the interrelationship of energy consumption, globalization, and economic growth in various countries