Chang, T.; Gadinabokao, O.A.; Gupta, R.; Inglesi-Lotz, R.; … - In: International Journal of Sustainable Economy 7 (2015) 1, pp. 30-41
This paper examines the causal relationship between oil consumption and economic growth in the BRICS countries for the period from 1985 to 2011. We employ a panel causality approach which accounts for both cross-sectional dependency and heterogeneity across countries. The empirical results...