Determinants of Energy Consumption in MIST Countries
Yessymkhanova Z. Azretbergenova G. Mukhiddinova S.
5 July 2024Econjournals
International Journal of Energy Economics and Policy
2024#14Issue 4317 - 323 pp.
In this study, the factors that determine energy consumption are tried to be explained. For this purpose, the factors determining energy consumption are analyzed specifically for Mexico, Indonesia, South Korea and Turkey countries, for a period covering the years 2000-2022. In the study, population growth rate, balance of trade in goods and services, gross domestic product (GDP), foreign direct investments (FDIs) and energy prices are used as factors determining energy consumption. The results show that the total population growth rate and GDP tend to have a positive impact on energy consumption at the 99% confidence level, while trade openness and FDIs variables affect energy consumption at the 90% confidence level, and this balance exhibits a positive interaction. No significant effect of energy prices on energy consumption was detected.
Energy Consumption , Foreign Direct İnvestment , Gross Domestic Product , Indonesia , Mexico , Population Growth Rate , South Korea and Turkey Countries
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Esil University, Astana, Kazakhstan
Khoja Akhmet Yassawi International Kazakh-Turkish University, Turkestan, Kazakhstan
Esil University
Khoja Akhmet Yassawi International Kazakh-Turkish University
10 лет помогаем публиковать статьи Международный издатель
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