Financial Markets and Electricity Consumption Nexus in Saudi Arabia

Financial Markets and Electricity Consumption Nexus in Saudi Arabia

<p>Financial market is growing at faster speed in Saudi Arabia with a policy of economic diversification. This may require the more Electricity Consumption (EC) in turn. This paper has investigated the electricity consumption and Financial Market Development (FMD) nexus incorporating economic...

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Main Authors: Nabil Ahmed Mareai Senan, Haider Mahmood, Sehrish Liaquat
Format: Article
Language:English
Published: EconJournals 2018-01-01
Series:International Journal of Energy Economics and Policy
Online Access:https://www.econjournals.com/index.php/ijeep/article/view/5830
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spelling doaj-5152f6bf70d74ce2ba96ae5b0b5eb17b2020-11-25T02:02:26ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532018-01-018112163064Financial Markets and Electricity Consumption Nexus in Saudi ArabiaNabil Ahmed Mareai Senan0Haider Mahmood1Sehrish Liaquat2Assistant Professor, Department of Accounting, College of Business Administration, Prince Sattam Bin Abdulaziz university, Alkharj, Saudi Arabia.Assistant Professor, Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz university, Alkharj, Saudi Arabia.Higher Education Department, Civil Secretariat, Government of Punjab, Lahore, Pakistan.<p>Financial market is growing at faster speed in Saudi Arabia with a policy of economic diversification. This may require the more Electricity Consumption (EC) in turn. This paper has investigated the electricity consumption and Financial Market Development (FMD) nexus incorporating economic growth and urbanization in analyses by using a period 1970-2015 for Saudi Arabia. We have found positive effects of economic growth, urbanization and FMD on the EC in long and short run analyses. Based on results, we recommend the Saudi economy to increase the electricity production capacity through several energy resources especially renewable and clean sources to meet the demand from rising economic growth, urbanization and FMD.</p><p><strong>Keywords:</strong> Financial Market Development; Electricity consumption; Urbanization; Economic Growth</p><p><strong>JEL Classifications:</strong> D53; Q41; P25; O47</p>https://www.econjournals.com/index.php/ijeep/article/view/5830
collection DOAJ
language English
format Article
sources DOAJ
author Nabil Ahmed Mareai Senan
Haider Mahmood
Sehrish Liaquat
spellingShingle Nabil Ahmed Mareai Senan
Haider Mahmood
Sehrish Liaquat
Financial Markets and Electricity Consumption Nexus in Saudi Arabia
International Journal of Energy Economics and Policy
author_facet Nabil Ahmed Mareai Senan
Haider Mahmood
Sehrish Liaquat
author_sort Nabil Ahmed Mareai Senan
title Financial Markets and Electricity Consumption Nexus in Saudi Arabia
title_short Financial Markets and Electricity Consumption Nexus in Saudi Arabia
title_full Financial Markets and Electricity Consumption Nexus in Saudi Arabia
title_fullStr Financial Markets and Electricity Consumption Nexus in Saudi Arabia
title_full_unstemmed Financial Markets and Electricity Consumption Nexus in Saudi Arabia
title_sort financial markets and electricity consumption nexus in saudi arabia
publisher EconJournals
series International Journal of Energy Economics and Policy
issn 2146-4553
publishDate 2018-01-01
description <p>Financial market is growing at faster speed in Saudi Arabia with a policy of economic diversification. This may require the more Electricity Consumption (EC) in turn. This paper has investigated the electricity consumption and Financial Market Development (FMD) nexus incorporating economic growth and urbanization in analyses by using a period 1970-2015 for Saudi Arabia. We have found positive effects of economic growth, urbanization and FMD on the EC in long and short run analyses. Based on results, we recommend the Saudi economy to increase the electricity production capacity through several energy resources especially renewable and clean sources to meet the demand from rising economic growth, urbanization and FMD.</p><p><strong>Keywords:</strong> Financial Market Development; Electricity consumption; Urbanization; Economic Growth</p><p><strong>JEL Classifications:</strong> D53; Q41; P25; O47</p>
url https://www.econjournals.com/index.php/ijeep/article/view/5830
work_keys_str_mv AT nabilahmedmareaisenan financialmarketsandelectricityconsumptionnexusinsaudiarabia
AT haidermahmood financialmarketsandelectricityconsumptionnexusinsaudiarabia
AT sehrishliaquat financialmarketsandelectricityconsumptionnexusinsaudiarabia
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