Chang, Shu-Chen - In: International Review of Economics & Finance 35 (2015) C, pp. 28-44
Extending Sadorsky (2010), this paper focuses on nonlinear effects of financial development and income on energy … reexamine the effect of financial development and income on energy consumption. The analysis relies on a sample of 53 countries … for the period 1999–2008, showing a single-threshold effect on energy consumption when private credit, domestic credit …