Determinants of energy consumption in BRICS-T countries

With the emergence of globalization borders are fading out and economies getting ever more interdependent with increasing trade volumes. As global population goes up, consumption demand reinforces increases in output. In this regard, energy can be regarded as one most critical inputs process development growth. Accordingly, growth industrialization has been gradually dependence world on energy. Energy steadily growing each passing year, hence even further. This study examines factors that determine consumption. For purpose, BRICS-T countries (Brazil, Russia, India, China, South Africa, Turkey) analyzed for period 1992-2018. Foreign direct investments, prices economic taken to potential determining Error Correction Method (ECM) proposed by Westerland LM Boostrap cointegration tests suggested Edgerton is used test existence long term relationship between series. Long coefficients have estimated using Common Correlated Effects Mean Group (CCEMG) estimator Augmented (AMG) estimator. The findings obtained from analysis confirm that, firstly, all three variables (foreign energy, growth) a long-term Secondly, series foreign investments significant subject our panel data analysis. Economic only Turkey China. found S.